Fintech Review
APRIL 10, 2025
Wilmington, North Carolina, April 10th, 2025, FinanceWire Brantas payment verification and Amboss compliance tools give businesses a robust solution to mitigate risks from sophisticated attackers, setting a new standard for business operational security in the Bitcoin and Lightning Network ecosystems. The Bybit hack, which saw nearly $1.5
PYMNTS
MARCH 2, 2020
Treasury has brought on an additional 20 new bitcoin addresses affiliated with two people to its sanctioned individuals roster, Coindesk reported. Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC.
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PYMNTS
JANUARY 1, 2021
Among the changes, according to the government, are that BitGo hired a chief compliance officer and "screens all accounts, including 'hot wallet' accounts, against (the Office of Foreign Asset Control's) Specially Designated Nationals and Blocked Persons List, including blocked cryptocurrency wallet addresses identified by OFAC.".
PYMNTS
DECEMBER 9, 2020
There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. billion bitcoins in circulation, with a market capitalization of $117.81 The year 2020 saw 18.42 billion and an individual coin valued at $19,463 as of December.
The Paypers
DECEMBER 6, 2018
(The Paypers) IdentityMind has announced a protection tool for financial institutions with virtual currency risk assessment in the wake of OFAC action against sanctioned Iranians using Bitcoin.
Finovate
OCTOBER 4, 2024
Backbase’s Engagement Banking Platform, integrated with Middesk, will give financial institutions access to real-time verification data sourced from multiple databases including the offices of all fifty Secretaries of State, the IRS, the USPS, OFAC, and more. Bitcoin News looked at the licensing challenges faced by fintechs in Kenya.
PYMNTS
FEBRUARY 28, 2018
That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. Being a program manager means handling everything other than card issuing, authorization and transaction processing.
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