Crypto Financial Crime

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...

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;...

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...

EU Passes MiCA

The European Council passes Markets in Crypto-Assets (MiCA), EU’s comprehensive crypto regulation. The landmark regulation passed in the European Council on Wednesday morning and...

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...

Money Laundering and Terrorism Financing processes

Money laundering and terrorism funding both have devastating effects. While acts of terrorism are more noticed because of their highly public nature, Money laundering...

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...

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...

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...

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...

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...

Fighting Money Laundering at the Placement Stage

One key to fighting money laundering is understanding its process and the vulnerabilities in each stage of it. The first stage is Placement. Placement...

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...

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)...

Understanding Know Your Customer & Customer Due Diligence

Anti–Money Laundering (AML) and Counter Terrorist Funding (CTF) efforts involve the little-known world of Know Your Customer (KYC) and Customer Due Diligence (CDD) regulations....