Compliance Challenges
SEC presses court over Binance.US compliance issues
The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.
SlamX
Archive
Compliance Challenges
Archived coverage · Forkast crypto archive
-
-
Compliance Challenges
Crypto’s aversion to anti-money laundering standards is only hurting itself
For crypto to grow for the long term, the industry must show greater respect for global standards that combat crime, writes Slava Demchuk of AMLBot.
Slava Demchuk
-
Compliance Challenges
Binance says it built 700-member compliance team to handle crypto crime, legal enquiries
Binance said it has more than 700 employees in its compliance team, which includes 170 staff working to combat crypto fraud.
Danny Park
-
Compliance Challenges
Arming up for a better fight against crypto-related crime
The current technologies in use do little to deter crypto money laundering, writes Dr. Mark van Staalduinen. What can nations do about this?
Mark van Staalduinen
-
Compliance Challenges
ICBC agrees to Federal Reserve risk compliance measures
As global markets continue to watch the Evergrande debt crisis nervously, Chinese bank branch agrees to U.S. risk management measures.
Jeanhee Kim
-
Compliance Challenges
South Korea’s crypto exchanges join forces for FATF travel rule compliance
Three of South Korea’s four major exchanges have launched a joint venture to develop solutions for complying with the Financial Action Task Force’s (FATF) crypto travel rule. The travel rule sets a global standard for virtual asset service providers to combat money laundering and terrorist financing and requires exchanges to collect information on senders and […]
Danny Park
-
Compliance Challenges
Crypto bank in South Korea says it aims to comply with strict but unclear new law
Sandbank, a South Korean bank for virtual assets, says it is in the process of acquiring the necessary certification needed to legally operate in the country. However, the financial authorities have yet to decide whether their requirements apply to crypto banks. Fast facts In an announcement, Sandbank told its customers it has put acquiring the […]
Danny Park
-
Compliance Challenges
How to avoid the pitfalls of FATF’s crypto travel rule
Crypto exchanges, or VASPs, are coming under increasing regulation. Complying with the Financial Action Task Force’s travel rule will be one of them.
Pelle Brændgaard
-
Compliance Challenges
Crypto sector faces tougher enforcement over sanctions-busting, report says
Sanctions enforcement affecting the cryptocurrency industry has intensified rapidly in the past two years, according to a new report by crypto compliance consultancy Elliptic.
Forkast.News
-
Compliance Challenges
How NFTs could trigger lawsuits and anti-money laundering regulation
Non-fungible tokens may be a boon for art and sports collectibles, but the technology is also spawning a host of thorny regulatory and legal issues.
Benjamin Sauter
