✨ Noticias KYC

In a recent conference speech, a top special agent from the United States Internal Revenue Service (IRS) stated that although non-fungible tokens (NFTs) and cryptocurrencies are “the future”, fraud and manipulation are still rampant in the space. 

A survey commissioned by the Financial Action Task Force (FATF) has revealed that only 30% of jurisdictions have passed rules to help prevent the illicit use of cryptocurrencies. 

The thieves are struggling to exchange the dirty cryptocurrency for cleaner funds. After all, governments around the world have ramped up law-enforcement efforts to seize stolen funds and bolstered money-laundering regulations for crypto exchanges. Such efforts make transferring the funds to exchanges difficult. 

When the Anti-Money Laundering Act 2020 (AMLA) was passed, the definition of a ‘financial institution’ was expanded to include anyone “engaged in the trade of antiquities, including an advisor, a consultant, or any other person who engages as a business in the solicitation or the sale of antiquities.” 

Why has Ghana brought in mandatory KYC, and which provider is already leading they way? Find out in our latest KYC news post.

A new report from the Financial Crimes Enforcement Network, looking at suspicious activity reports from financial institutions, has revealed growth in ransomware attacks in 2021 - read our blog to discover more.

How much is the potential fine the major UK bank will have to pay? And how have they landed in such hot water? Read our KYC news blog to learn more.

Following a worldwide operation involving law enforcement agencies from 27 countries, 18 Australians are facing criminal charges relating to money laundering offenses.

A report by blockchain data company Chainalysis has discovered that criminals laundered $8.6bn of cryptocurrency in 2021. This was a 30% increase in the amount laundered in 2020.

Due to fresh concerns over money laundering in the space, the European Union (EU) is aiming to bolster its oversight of the cryptocurrency industry by providing its new anti-money laundering watchdog with greater powers. 

The Financial Conduct Authority (FCA) has warned challenger banks that they need to stop cutting corners when attempting to combat financial crime. Currently, the regulator believes that processes that allow customers to set up accounts quickly and easily are stopping challenger banks from conducting appropriate checks. 

Al introducir la llamada ‘regla de viaje’, la UE busca garantizar la transparencia financiera en los intercambios que involucren criptoactivos. La regla también proporcionará a la UE un marco que cumplirá con las recomendaciones 15 y 16 del Grupo de Acción Financiera (GAFI), el organismo global de supervisión del lavado de dinero y la financiación del terrorismo.