Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. The need for such solutions is critical as blockchain-related crime continues to rise. The combined solution helps firms meet challenging regulatory requirements.

Crime 112

Crime Financial Crimes Travel Rule Blockchain 112

PYMNTS

NOVEMBER 15, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said.

Travel Rule 55

Travel Rule Rules Fincen Money Laundering 55

PYMNTS

NOVEMBER 15, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said.

Rules 50

Rules AML Travel Rule Fincen 50

Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. However, the proposed changes don’t stop there.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

FEBRUARY 27, 2024

Japan Japan, as a forerunner in the adoption of customised cryptocurrency regulations, rolled out both the Travel Rule and stablecoin regulations in June 2023. Looking ahead to 2024, South Korea is poised to intensify its efforts in curbing cryptocurrency-related crimes, particularly those originating from North Korea.

APACS 115

APACS Regulations Stablecoins Cryptocurrency 115

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager. The partnership will be especially effective as blockchain-related crime is a growing concern.

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

PYMNTS

DECEMBER 10, 2020

Cryptocurrency-related crimes totaled $4.3 The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, announced in November 2019 that it would begin strictly enforcing the “travel rule” for cryptocurrency exchanges. billion in 2019, a larger sum than in 2017 and 2018 combined.

AML 88

AML Cryptocurrency Money Laundering Compliance 88