Tag: AML

Money Router Brings A New AML Solution To The Financial Sector

Tackling money laundering is quickly becoming a tp priority in the financial sector today. Doing so is much harder than anticipated, however. Money Router is a new instant verification system that should be able to thwart money laundering. If more institutions used a distributed ledger, money laundering wouldn’t be such an issue, to begin with. Money Router Packs Quite The Punch The way Money Router works is simple: it offers …
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Will The New Australian Financial Cyber Unit Focus On Bitcoin?

The Australian government has unveiled its plans to create a new cyber intelligence unit to take on terrorist financing and money laundering. To be more precise, this new unit will primarily target online payment methods, to reduce fraud. But it is not unlikely they will keep a close eye on Bitcoin as well. AUSTRAC Has Big Plans For Online Payment Fraud With online payment fraud and money laundering on the …
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Australian Government Releases Response on Digital Currency & FinTech Regulations

The Australian Government has released a 5-page report detailing its response to the recommendations made by the Australian Senate Economics References Committee last year, which called for all digital currency exchanges within the country to be brought under existing anti-money laundering (AML) and counter-terrorist finance (CTF) regulations. The Senate Committee’s report also recommended that digital currencies should be treated as traditional fiat currencies for the purpose of eliminating double-taxation under …
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The Akron, Ohio Bitcoin ATM Has Arrived After A Lot of Legal Paperwork

It seems there is another wave of Bitcoin ATMs being installed all over the world, even though most of the efforts are still focusing on the United States. Akron, Ohio recently got their first Bitcoin ATM, and it is another two-way device letting users buy and sell Bitcoin for cash. Owning And Running A Bitcoin ATM Is Not Easy To most outsiders, it may seem rather simple to get Bitcoin …
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