The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on Cryptocurrency
The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on 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, …

Sanctions compliance for banks in the age of crypto-assets

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 …

Webcast: Can money laundering regulation help the crypto sector grow?

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 …

News round-up: How is RegTech helping to fight financial crime?

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 …

Special edition: Cryptocurrency in focus

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 …