Tag Archives: Cryptocurrency
Our recent post highlighted areas to focus on as the Anti-Money Laundering (AML) Act of 2020 takes shape. One important provision of the Act deals with virtual currency and digital assets and could have potential far-reaching effects on the industry, …
Cryptocurrencies are increasingly becoming part of modern day society. However, the characteristics of cryptocurrencies offer a level of anonymity that makes them particularly attractive to criminals. Sanctioned actors are known to be using crypto-assets to evade and by-pass sanctions. As …
Cryptoassets are increasingly being adopted into mainstream financial services, but they must be subject to the same anti-money laundering (AML) standards as fiat currencies. This is all the more important given the relative anonymity and speed crypto transactions offer, which …
Will regulatory technology deliver a Utopia that frees AML compliance from inefficiency, increasing costs and limited money laundering detection rates? ‘Regtech’, as it is fondly known, has come a long way – but is it delivering? If the investment figures reported …
Wham! In just a few short weeks cryptocurrencies have taken centre stage and grabbed the headlines. This begs a big question for many banks and other financial institutions, ‘can we afford to sit on the side-lines and ignore them?’ Probably …