Tightening The Noose: Insights Into KYC and AML Procedures
When it comes to understanding Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations you can often be left wondering, "What did I just read?" Afterall, these topics are pretty boring, and filled with complex terminology, and frankly, often carried out
Bank of Spain Calls On VASPs To Register
The Central Bank of Spain is launching a new set of registrations that target virtual currency service providers (VASPs). The new guidelines will also impact banking institutions operating in the country. The Central Bank of Spain seeks to address the issue
FinCEN Director Warns Banks of Risks
Money laundering and other illicit activities being carried out with and funded by Bitcoin and other cryptocurrencies has been a staple complaint of governments and financial regulators alike. These authorities and regulators around the world are having serious challenges keeping down
Report Says Bitcoin Transacted in Exchanges A Fraud Risk
In a recent report by Ciphertrace, there are more interests in cryptocurrency from institutional investors than ever before. The report also noted how virtual asset regulations will affect banks, with about 57% of the virtual assets service providers having weak
UK Announces a ‘Dirty Money’ Crackdown
[vc_row row_background_lines="no"][vc_column][vc_column_text] Any legitimate investor in the cryptocurrency space would likely agree with you that there is no room in this space for fraud. Now, that’s not say that it does not exist… it is here just like every other financial sector