Finovate

JANUARY 24, 2025

Many FIs need to significantly upgrade their payment processing systems to handle real-time transactions, which also need to uphold fraud detection and AML/CTF rules in real time. For any crypto business operating in the EU, heavy compliance standards are becoming the norm, much like other industries that come with significant AML/CTF risks.

Regulations

The Payments Association

JANUARY 31, 2025

The Financial Action Task Force (FATF) has long been the global standard-setter for AML and CTF measures. While this requirement has been a cornerstone of AML and CTF efforts, its implementation has traditionally focused on the banking sector, which operates within well-defined regulatory frameworks.

Travel Rule

Fintech Review

OCTOBER 30, 2024

Expanding Ecosystem and Technological Advancements WhiteBIT has also made strategic advancements in blockchain technology, unveiling its rebranded blockchain, Whitechain, which has already processed 50 million transactions and facilitated 25,000 NFTs. In its growth, security remains a top priority for WhiteBIT.

NFTs

Fintech News

JANUARY 24, 2024

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring. They broker exchanges of Bitcoin, Ethereum, Solana, and other digital assets.

Service Provider

Finance Magnates

MARCH 26, 2023

INTERNATIONAL PAYMENTS (CROSS-BORDER): International payments would become much more easier (as KYC, AML check would be a whole lot better). Even Bitcoins. ANTI-MONEY LAUNDERING: AML regulations and enforcement have indeed become more stringent, with increased cooperation between financial institutions and regulators.

Cross-Border

Finovate

NOVEMBER 20, 2024

Investors and traders on its platform can buy Bitcoin, Ethereum, and more than 350 other cryptocurrencies. The regulations build on legislation first issued in 2021 by the European Commission as part of a reform of the EU’s Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) program.

Rules