Remove Cryptocurrency Remove Financial Crimes Remove Travel Rule
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Sumsub and Elliptic Join Forces to Fight Crypto Crime

Fintech News

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. The need for such solutions is critical as blockchain-related crime continues to rise. The combined solution helps firms meet challenging regulatory requirements.

Crime 113
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‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data

PYMNTS

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The amount of money laundering crime may exceed $4.3 15) that the U.S. 15) that the U.S. billion this year.

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Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance

PYMNTS

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Bitcoin is one of the most famous names in the cryptocurrency space, accounting for $6 billion in daily transactions among 153 million registered user addresses. Cryptocurrency-related crimes totaled $4.3

AML 88
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In the age of crypto, is FATF playing catch-up on Recommendation 16?

The Payments Association

As crypto reshapes finance, the FATF’s Travel Rule struggles to keep pacecan global regulators close the gap on illicit transactions? The Financial Action Task Force (FATF) has long been the global standard-setter for AML and CTF measures. Among its 40 Recommendations, Recommendation 16 (R.16) In 2019, the FATF extended R.16

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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. billion of value received in April alone.

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Sumsub Improves Crypto Transaction Monitoring With Elliptic Integration

The Fintech Times

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager. At Sumsub, we are committed to fostering trust in the crypto sector.

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U.S. Gov’t. Will Enforce AML Rules For Crypto

PYMNTS

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The amount of money laundering crime may exceed $4.3 15) that the U.S. 15) that the U.S. billion this year.

Rules 50