Scammers turn to KYC actors for hire to target Web3 investors: CertiK
CertiK unearthed a fast-rising underground market with over 500,000 members where Know Your Customer verification is sold for as low as $8, concentrated in Southeast Asia.
Latest AML News
Philippines is studying EU’s digital assets AML/CFT regulations: SEC commissioner
In an opinion piece, SEC Commissioner Kelvin Lester K. Lee said the Philippines regulator is looking out for best practices it can adopt from the EU's regulations.
Singapore issues guidelines to combat money laundering
The Monetary Authority of Singapore has issued an update on its AML and CFT guidelines, this time outlining regulations for the digital currency industry.
Bithumb enlists Chainalysis compliance tool following new laws
Bithumb digital currencies exchange has integrated the Reactor investigation tool from Chainalysis to scrutinize transactions more and comply with new laws
FCA’s crypto oversight to include AML and KYC compliance
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
France new rules open opportunities for crypto firms to be licensed
France has implemented new rules which will see crypto firms report to the regulator on their security practices, AML guidelines, data protection and more.
Paraguay cracks down on budding crypto industry
Paraguay intends to introduce regulations for its nascent crypto industry for the first time, as it seeks to ensure anti-money laundering laws are followed.
Crypto firms must comply with AML laws, FinCEN chief warns
It doesn’t matter whether you are a stablecoin, decentralized or centralized, you must comply with AML laws, the FinCEN chief insists.
Singapore illegal crypto transactions draw ire of financial regulator
The Monetary Authority of Singapore (MAS) is preparing to implement new powers created under the Payment Services Act.
Switzerland issues two new blockchain licenses as it cleans up its act
FINMA wants to ensure Switzerland has a clean blockchain industry and has issued new guidance on how blockchain-based companies must adhere to AML and KYC policies.