A Guide to Anti-Money Laundering for Crypto Firms

Latest News

OFAC Sanctions Fines And How To Avoid Them International sanctions are a vital part of the global fight against money laundering and the financing of terrorism.  In the United States, economic sanctions are implemented by the Treasury’s Office of Foreign […]

Cyber crime money laundering

In a data-driven financial landscape, cyber crime has emerged as a significant concern for regulators and institutions alike, with criminals exploiting computer systems and online financial services to perpetrate money laundering, fraud and other crimes. In 2015, cyber crime cost […]

Payment transaction monitoring AML requirements

The payments industry has been transformed by innovative technologies facilitating faster, more flexible payment products and better experiences for customers. That innovation trend has, however, been accompanied by an increased level of risk for payment firms, as criminals seek to […]

US Sanctions

Sanctions are an important component of the United States’ approach to foreign policy and are employed to help the US government achieve diplomatic objectives and punish violations of international law around the globe. The US sanctions system is complex and […]

Cyber sanctions and penalties

In a digital financial landscape firms must be aware of the relevance of cyber crime penalties and the increasing importance of cyber sanctions compliance. Cyber-attacks are not just used by individual criminals to perpetrate financial crimes and may also be […]

Monetary Authority of Singapore

Understanding the Monetary Authority of Singapore Omnibus Act: What You Need To Know On 21st July 2020, the Monetary Authority of Singapore (MAS) launched its Consultation Paper on the New Omnibus Act for the Financial Sector, setting out proposals for […]

Post Brexit UK Sanctions

Post-Brexit UK Sanctions: What You Need To Know Under the terms of the Brexit Withdrawal Agreement, the EU sanctions regime ceased to apply to the UK at 11pm on 31st December 2020. From that date, the UK’s new sanctions framework […]

One of the most significant events in the anti-money laundering history of the USA took place with the enactment of the 2020 AML Act (AMLA) on 1 January 2021.  AMLA’s passage was not without obstacles. Congress was forced to override […]

US Anti-Money Laundering Act

On 1st January 2021, the US Senate passed the Anti-Money Laundering Act 2020 (AMLA). Part of the National Defense Authorization Act for Fiscal Year 2021, the US Anti-Money Laundering Act introduces the most significant reforms to anti-money laundering laws and […]

AML Requirements Canada

How AML Requirements in Canada Affect Fintechs Canada is the second-largest financial destination in North America after the United States and hosts diverse business interests from across the world including commercial fintech service providers. While Canada has a developed a […]

What is KYB (Know Your Business)

In most global jurisdictions, the Know Your Customer (KYC) process is a foundational component of AML/CFT regulations. KYC requires banks and other financial services providers to establish and verify the identities of their customers in order to assess the money […]