LONDON -- Coinfirm, a global leader in blockchain analytics and crypto AML, today announced the launch of an all-in-one FATF Travel Rule solution to help Virtual Asset Service Providers (VASPs) and regulators better manage the risk of cryptocurrency transactions. The solution delivers on recommendations made by The Financial Action Task Force (FATF) in their quest to develop...
As the market of stolen cryptocurrencies through various scams, hacks, and fraud is valued at $10b+, the process to recover these funds has presented challenges to our institutions of law. With new possibilities of tracing and recovering cryptocurrencies rising it is providing cases where the legal definitions of crypto assets as property or not are...
Money Laundering, Compliance failures, and fines.  According to UNODC the amount of money laundered globally in one year is between 2% and 5% of global GDP, or roughly $800 billion to $2 trillion in current US dollars. The growing amount of financial crime despite all the checks, measures and compliance continues to be a major global challenge for banks...
What is Anti-Money Laundering Directive? It is the European Union directive that aims to prevent the use of financial systems for money laundering or terrorist financing. The 5th Anti-Money Laundering Directive, which amends the 4th Anti-Money Laundering Directive was published on June 19th, 2018, as a result of the constantly changing financial situation of the...
This past year the crypto world has seen quite an evolution around regulatory guidelines with AMLD5 and FATF travel rule being debated, big tech giants like Facebook venturing into crypto, new age banks embracing blockchain and offering crypto services, crypto exchanges still being hacked and crypto traders continuing to be victimized by wide range of...

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