Tag : FATF

Crystal Blockchain: Peer-to-Peer Exchanges Need Regulation to Lower Money Laundering Risk
Blockchain Business Cryptocurrency Currency Exchange Fintech News Risk Management

Crystal Blockchain: Peer-to-Peer Exchanges Need Regulation to Lower Money Laundering Risk

Fintech News Desk
by Fintech News Desk0
At the V20 Summit in November 2020, the Financial Action Task Force (FATF) announced that regulatory requirements for peer-to-peer (P2P) exchanges – along the lines of those for Virtual Asset Service Providers (VASPs) – will likely emerge in 2021 to combat money laundering (ML). The FATF is now collecting data......
Regulating Cryptocurrency – Global Lessons From South Africa
Cryptocurrency Fintech Guest Posts

Regulating Cryptocurrency – Global Lessons From South Africa

Angus Brown
by Angus Brown0
“Cryptocurrency is the perfect way to launder money”. This has been the view of many hackers, fraudsters and even regulators. The creation of a distributed network of servers allowing anonymous accounts and the instant transfer of value anywhere in the world was initially seen as an opportunity to launder illicit......
Fenergo Launches Remote Account Opening Solution in EMEA
Banking Fintech News Risk Management

Fenergo Launches Remote Account Opening Solution in EMEA

Fintech News Desk
by Fintech News Desk0
Cloud-based solution delivers remote account opening for businesses across the EMEA region Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, announced the launch of its cloud-based Remote Account Opening (RAO) solution in EMEA. The solution can help banks in the......
Upbit Expands Relationship with Chainalysis Across APAC as Regulations Roll Out
Blockchain Cryptocurrency Fintech News

Upbit Expands Relationship with Chainalysis Across APAC as Regulations Roll Out

Fintech News Desk
by Fintech News Desk0
Chainalysis, the blockchain analysis company, announced an extension of its partnership with Upbit, the South Korea-based digital asset exchange, to provide support across the broader Asia Pacific (APAC) region. In addition to Upbit Korea, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences for all......
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