LONDON, June 2nd -- Binance, the company behind the leading global cryptocurrency exchange and blockchain ecosystem, announced that Coinfirm, a global regulatory technology company for blockchain, will provide anti-money laundering compliance solutions to Binance Korea. Based on Binance’s new infrastructure for launching digital asset exchanges called Binance Cloud, Binance Korea opened up in April. The...
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...

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