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Tag Archives: AML

Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money

Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year ago. More Worries for ...

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Financial Watchdog Probes Crypto Exchanges Over AML Compliance

Japan’s Financial Services Agency (FSA) has issued business improvement orders to multiple domestic crypto exchanges, Cointelegraph Japan reports today, June 1st. One of FSA’ main concerns is the exchanges’ compliance with anti-money-laundering (AML) requirements. The agency’s inspections revealed that several of the crypto exchanges under its aegis are failing to apply sufficient Know-Your-Customer (KYC) checks to confirm the identity of ...

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150 ICOs and STOs Adhere to KYC and AML Guidelines with the Help of IdentityMind Global – The Merkle

KYC and AML procedures play an increasingly important role in the world of cryptocurrency. This is especially true when dealing with initial coin offerings. IdentityMind has already processed 150 client requests in the past few months. It’s a very positive trend that will bring more legitimacy to the ICO industry moving forward. IdentityMind is on a Roll While the number ...

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EU Approves AML Legislation Targeting Anonymity In Crypto Market, Local Sources Report

The European Union approved new anti-money laundering (AML) legislation in part targeting in cryptocurrency today, May 14, local news outlets report. According to Spanish news outlet La Vanguardia, today the 28-member bloc formally ratified the new legislation, which the European Parliament had approved last month. The new rules will reportedly be published in the Official Journal of the EU and ...

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DMG Blockchain Solutions Launches BitScore AML Risk API for Crypto …

Vancouver-based blockchain and cryptocurrency firm DMG Blockchain Solutions Inc. has announced the official launch of its BitScore web API. The platform is designed to provide cryptocurrency deposit and withdrawal risk-scoring for both anti-money laundering (AML) and anti-fraud compliance. DMG Blockchain Solutions seeks to manage, operate and develop end-to-end solutions for monetizing the blockchain ecosystem, and BitScore is already being used ...

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DMG Blockchain Solutions Addresses AML Risk Through BitScore API – The Merkle

In the world of cryptocurrency, exchanges and trading platforms need to adhere to some very strict guidelines and rules. DMG Blockchain Solutions recently introduced BitScore, which serves as a cryptocurrency deposit and withdrawal risk-scoring web API for AML and anti-fraud compliance. BitScore can Make a Positive Impact Trading platforms and exchanges dealing in cryptocurrency face a lot of scrutiny from regulators and ...

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Crypto AML Regulations | European Parliament Votes Yes

Members of the European Parliament decided to vote in favour of tighter crypto AML regulations. These anti-money laundering reforms will include closer regulation for cryptocurrencies. 574 members voted in favour of this, with only 13 votes against and 60 abstentions, according to an EUP press release. The press release stated that this is the fifth update to the EU’s anti-money ...

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MEPs Vote In Favor Of Tighter AML Regulations For Crypto Trading

Members of the European Parliament have voted in favour of EU anti-money laundering reforms, which will include closer regulation for cryptocurrencies, by 574 votes to 13 votes, with 60 abstentions, according to an EUP press release April 19. The agreement, known colloquially as “5AMLD,” is the fifth update to the EU’s anti-money laundering directive. It comes in the wake of ...

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Finance Ministry Confirms Crypto Regulation Using Existing AML Laws

The government of Taiwan confirmed it will create cryptocurrency regulation based on extant anti-money laundering (AML) practices April 10. In a statement, the nation’s finance ministry said it had opted to use AML rules already applied to traditional financial instruments as a basis to reigning in the burgeoning cryptocurrency economy. Citing “increased risks” of money laundering among virtual currency investors ...

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Taiwan Bitcoin Regulations | Bitcoin Included on AML Regulations

Taiwan Bitcoin Regulations: The Taiwanese government has carefully monitored the behavior of Bitcoin price in order to determine how its fluctuation affects the lifestyle of the Taiwanese people. It is trying to establish actions to protect the locals and safeguard the interests of the nation against possible criminal activities that could be committed through the use of cryptocurrencies. Local media ...

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