Tag: AML

FINMA Approves new AML Guidelines for Crypto Exchange Transactions

Switzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions …
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Chainalysis Unveils AML Tool for Stablecoins

Cryptocurrencies tend to attract a lot of attention from criminals. This is primarily due to their perceived anonymity and privacy aspects.  Several blockchain analysis companies specialize in ensuring such criminal activity cannot take place. Chainalysis has now confirmed they are launching a similar service for stablecoins. A remarkable development, although one that also makes a fair bit of sense. Blockchain Analysis for Stablecoins On the surface, stablecoins should never be …
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150 ICOs and STOs Adhere to KYC and AML Guidelines with the Help of IdentityMind Global

KYC and AML procedures play an increasingly important role in the world of cryptocurrency. This is especially true when dealing with initial coin offerings. IdentityMind has already processed 150 client requests in the past few months. It’s a very positive trend that will bring more legitimacy to the ICO industry moving forward. IdentityMind is on a Roll While the number of initial coin offerings has not decreased by any means, …
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DMG Blockchain Solutions Addresses AML Risk Through BitScore API

In the world of cryptocurrency, exchanges and trading platforms need to adhere to some very strict guidelines and rules. DMG Blockchain Solutions recently introduced BitScore, which serves as a cryptocurrency deposit and withdrawal risk-scoring web API for AML and anti-fraud compliance. BitScore can Make a Positive Impact Trading platforms and exchanges dealing in cryptocurrency face a lot of scrutiny from regulators and governments these days. It is paramount that these companies pay close …
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