Tag: Virtual Currency
Crypto Industry agrees messaging standard to comply with FATF “Travel Rules”
Just under a year after the FATF published updated Recommendations incorporating VASPs and virtual assets in June 2019, including requiring VASPs come up with a…
Virtual Currency Based Money Laundering – Coming Soon - Premium
Virtual Currency Based Money Laundering – Threat Assessment Coming Soon… You need premium membership to view this post. If you are a premium member then…
Islamic State – Threat Assessment
The following is a short summary of the finances of the Islamic State (IS), as taken from a detailed Intelligence Briefing available to FCN Premium…
Islamic State of Iraq & Syria (ISIS/Daesh) – Intelligence Briefing by FCN
The following is a summary of the rise and fall of the Islamic State (IS), focussing on their finances, including the substantial reserves they still…
Addressing the Remittance Challenge – By Aamir Hanif
“Addressing the Remittance Challenge – by providing greater access to Banking services through limited purpose accounts.” With the FSB amongst others concerned about access to…
Crypto takes steps towards FATF Recommendations Compliance – by Malcolm Wright
As promised Malcolm Wright provides an update to Financial Crime News on the Crypto Industry’s response to the challenge laid down by FATF to adopt…
Crypto asks for more effective AML regulation – by Malcolm Wright
In February 2019, FATF issued its proposed recommendations for AML governance of the crypto industry. Under pressure from the international community, the FATF aimed to bring…
Virtual Currency is joining the FATF club
Virtual Currencies (VC) have come a long way in the 10 years since Bitcoin first emerged, born out of the financial crises and now a…
Modern Organised Crime turns 100
Whilst the term “organised crime” appears to have emerged in Chicago in 1919, the phenomenon of organised criminal activity far pre-dates this and its manifestations…
FI Focus – Recent Highlights from Standard Chartered by Trish Sullivan
The Bank announced on 9th April, 2019 resolutions with US and UK authorities regarding its historical sanctions and financial crime controls, which mostly related to…
