Category: AML

Crypto.com to use CipherTrace tool to comply with FATF’s travel rule

Crypto.com to use CipherTrace tool to comply with FATF’s travel rule

Crypto.com has chosen CipherTrace’s specialized compliance tool to help it fulfill the complex requirements of the FATF’s industry-shaping “travel rule.” 13022 Total views 47 Total shares Crypto.com — the creator of a cryptocurrency exchange, wallet, debit card program and crypto app — is strengthening its compliance toolkit by implementing a commercial solution developed by crypto […]

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Korean crypto exchanges could soon face fines for gaps in due diligence measures

Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges. 3376 Total views 23 Total shares South Korean crypto exchanges that don’t take extensive data collection and identity verification measures could soon be subject to heavy fines.  According to an official announcement Wednesday, South Korea’s […]

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Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering. 5718 Total views 23 Total shares South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include […]

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