24 March, LONDON, UK – RSK Bitcoin Smart Contract network and the RIF Platform have integrated the DeFi AMLT Oracle, created by global RegTech provider Coinfirm. All operations conducted on RSK’s protocol will be fully covered with automated proprietary risk assessments from Coinfirm’s C-score based on 270+ red flag algorithms. The use of the Oracle…
Last week, the Financial Action Task Force (FATF) – the global AML watchdog – released its updated Draft Guidance on a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers. The major amendments to the guidance are: Applying Recommendation 16 (Travel Rule) DeFi: DEXs & DApp are VASPs Stablecoins are VAs, CBDCs are fiat Non-Fungible…
Regulatory actions against non-compliance are a top 5 loss event. The cost of non-compliance can include financial penalties and legal settlements, reputational and productivity loss – leading to an overall drawdown in revenue. In the legacy fiat system, costs of non-compliance are three times that of being in regulatory compliance. In 2018, the average cost…
16 March, LONDON, UK – Coinfirm – the industry-leading blockchain analytics and anti-money laundering solutions platform in the emerging world of cryptocurrency – is pleased to announce that Dr. Mircea Mihaescu is joining the company as Executive Chairman. Dr. Mircea Mihaescu will be leading the Coinfirm board of directors in setting the strategic direction for…
As Total Value Locked (TVL) edges closer to $40bn, the DeFi universe continues to expand at an incredible pace. With staking rewards hitting variable rates of up to 4000% APR, are we now seeing concrete interest from regulated entities, seeking that sweet…. sweet yield? Scroll down and watch our latest webinar recorded on 17th of…
AMLT Network 2.0 is a natural evolution of our ecosystem, its foundations morphing alongside a fast-changing (if not the fastest!) financial technology environment.
2020 was a record high for hidden, unreported crypto crime.
80% of crypto-related fraud and black hat hacking cases are not reported to law enforcement in the year that they occur and as many as 50% of claims never are.