Tagged: suspicious activity reports

FinCEN Issues Statement on Funding of Terrorist Hamas Group, Tells Financial Firms to be On Alert

October 20, 2023 @ 1:33 pm By JD Alois |

FinCEN has issued a statement on funding of the terrorist Hamas group following the atrocities the group perpetrated in Israel. FinCEN urged financial services firms to be vigilant in any activity that may be used to fund Hamas. This is inclusive of virtual asset service… Read More

Read more in: General News, Politics, Legal & Regulation | Tagged fincen, hamas, sars, suspicious activity reports

FATF List of Cryptocurrency Service Red Flags to Help Standardize how Jurisdictions Track Illicit Transactions, Chainalysis Says

September 23, 2020 @ 11:34 pm By Omar Faridi |

The Financial Action Task Force (FATF) recently published a document for regulatory authorities and enforcement agencies. The FATF listed several different “red flags” in cryptocurrency transfers and service user profiles that may indicate that the entities involved in the transactions are engaging in money laundering,… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged blockchain analysis, blockchain security, chainalysis, Crypto Transactions, crypto-assets, digital assets, fatf, financial action task force, know your transaction, kyt, money laundering, reactor tool, sars, suspicious activity reports, virtual currencies