Tag Archives: AML

Japanese Bitcoin Exchanges Implement Stricter KYC Requirements
  As part of Japan’s amended ‘Payment Services Act’ which will enter into force on April 1, the ‘Act on Prevention of Transfer of Criminal Proceeds’ [...]
PBOC Proposes In Person Verification for Account Opening at Exchanges, Withdrawals Still On Hold
  The People’s Bank of China (PBOC) has reportedly sent a draft proposal to Chinese bitcoin exchanges detailing anti-money laundering (AML) [...]
AML-Compliant Bitcoin Payments Coming to 56,000+ Merchants Globally
  Payment21 and ACI Worldwide announced on Wednesday a strategic collaboration to enable payment service providers (PSPs) to offer merchants [...]
EU Cracks Down on Cryptocurrency But Fails to Regulate Traditional Banks
  European authorities have been steadfast towards regulating bitcoin because they believe digital currencies bolster money laundering and criminal [...]
On-Site Verification May Be Required to Withdraw From Chinese Bitcoin Exchanges
  New regulatory guidelines in China may require citizens to verify their identities in person to deposit or withdraw 50,000 yuan when using a Chinese [...]
Coinbase To Verify Your ID With Live Webcam – Bail Now From Centralized Exchanges
  The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. This is true not only in the U.S. but wherever [...]
Here’s (Most of) What Has Happened to Bitcoin in China So Far in 2017
  2017 for bitcoin has already been dizzying. The price broke $1,000 on January 1 and, last week, it broke through an all-time high. The price gains [...]
Blockchain Start-up Secures VC Funding to Continue AML and Compliance Development
  Coinfirm, a blockchain technology company with a specific focus on Compliance as a Service, has announced an investment of $700k from Luma Ventures, [...]
The AML conundrum solved?
  Chris Skinner is Chair of the European networking forum: the Financial Services Club. He is best known as an independent commentator on Fintech [...]
Blockchain’s Perfect Storm: Removing Money Laundering from the Financial System
  Today, banks and financial markets refuse to share information that can prevent money launderers and fraudsters from operating in the shadows, in [...]