AML
Here's a New Banking Tool for Vetting Crypto Exchanges
Blockchain forensics firm Elliptic is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world.
FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports
Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday.
A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace
Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.
CipherTrace's Blockchain Forensics Service Now Covers 700 Crypto Assets
The blockchain analytics provider now offers a window into the data of more than 87 percent of the top 100 cryptocurrencies.
Chainalysis Adds More ERC-20 Tokens to Crypto Sleuthing Service
Chainalysis' expansion brings its compliance and tracking software to a larger swath of ERC-20 tokens.
US House Passes Bill for FinCEN to Study Blockchain Use
The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.
Netki Retools Digital ID Service for FATF's New Crypto 'Travel Rule'
Nekti has upgraded its digital ID service to help crypto firms meet the FATF's tough new standards for combating money laundering.
Swiss Regulator Licenses Two New Blockchain Companies as It Shores up Legal Requirements
Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.
MIT-IBM AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were Labeled 'Illicit'
Blockchain analytics firm Elliptic collaborated with researchers to analyze $6 billion worth of bitcoin transactions.
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.
