New UK Crypto Rules for Sanctions
UK Treasury’s Office of Financial Sanctions Implementation updated its sanctions guidance on 30 August to explicitly include “cryptoassets” among those that must be frozen...
Bank of Canada: Bitcoin Only Use for “Illicit Transactions”
In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a central bank digital currency (CBDC)...
Why I Love Working in Financial Crime / Anti-Money Laundering
(This is a guest post by Mojca Ivezic)
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) efforts include a hidden world that few people outside the banking...
ESMA Report – Crypto-Assets and Their Risks for Financial Stability
The European Securities and Markets Authority (ESMA) has just published a report on the perceived risks to financial stability posed by crypto.
From the report...
Australian Federal Police (AFP) Establishes a New Crypto AML Unit
The Australian Federal Police has set up a new cryptocurrency unit to target money laundering as more criminals seek to bypass the financial system...
Tracing Private Cryptocurrencies
Many believe total anonymity is possible using privacy enhanced cryptocurrencies. It might not always be the case.
Are popular cryptocurrencies like Bitcoin and Ethereum private?
Absolutely...
What are Financial Crimes? From Fraud to Terrorism
“Financial Crimes” is a term used to describe a variety of criminal acts including money laundering; terrorism financing; bribery; corruption; sanctions violations; proliferation financing;...
Societal Costs of Money Laundering
Money laundering is a crime that many people consider irrelevant to them. If a problem at all, they consider it a problem only for...
Financial Crime, Money Laundering and Terrorism Financing
In what ways has financial crime hurt you? Most people would respond with a yawn. We might think it is limited to a few...
Value of Anti-Money Laundering & Counter-Terrorism Financing
(Updated 2016)
Anti–Money Laundering (AML) and Counter Terrorism Funding (CTF) are not the most popular subjects in banking circles. Bankers often find Know Your Customer...
Financial Institutions: Key in Fighting Weapons of Mass Destruction
How would you picture those who work to prevent weapons of mass destruction (WMD) from falling into the wrong hands? Would you picture them...
Combatting Money Laundering & Terrorist Financing
Terrorist funding detection has been practiced the same way as money laundering detection ever since Counter Terrorism Funding (CTF) initiatives were added to Anti–Money...
FSOC publishes Report on Digital Asset Financial Stability Risks and Regulation
The Financial Stability Oversight Council today released its Report on Digital Asset Financial Stability Risks and Regulation. The Council voted to approve the report...
The 5 Most Common Crypto Scams and How to Avoid Them
The DeFi revolution presents new risks and challenges for innovators, regulators, cybersecurity experts and early adopters of the powerful technology. These are the top...
Fighting Money Laundering at the Layering Stage
One key to fighting money laundering is understanding its process and the vulnerabilities in each stage of it. In the first stage, the Placement...
