Money Laundering

KYC AML for NFT marketplaces

Non-Fungible Tokens (NFTs) present one of the latest innovative applications of blockchain technology. However, they are also presenting new challenges to regulators’ and businesses’ Anti-Money Laundering (AML) efforts – as well as for creatives seeking to protect their intellectual property. In this article, we expand on what KYC for NFT marketplaces can look like and how implementing robust KYC measures can be of benefit to the industry as a whole.

6 Sep 2021

AML, KYC, Money Laundering

Dirty Gold – EY and Kaloti

It’s a money laundering scandal full of smuggling, criminals, cover ups, and collusion. Here’s the complete (and crazy) story of EY and Kaloti.

11 Feb 2020

Cryptocurrency, FATF, Money Laundering, Terrorist Financing

Cryptocurrency Regulations Around the World

Cryptocurrency regulations vary greatly around the world. Here’s your guide to how different countries deal with cryptocurrency and exchanges.

21 Jan 2020

AML, KYC, Money Laundering

The Azerbaijani Laundromat

The Azerbaijani Laundromat money laundering scandal came to light in 2017, but much of it still remains a mystery. Here’s the full story.

10 Jan 2020

AML, Banks, CTF, Money Laundering

Westpac – Australia’s Largest Money Laundering Scandal

Just last month, the Westpac money laundering scandal broke. The details are still being revealed, but here is what we know so far about Australia’s largest money laundering scandal.

3 Dec 2019

AML, KYC, Money Laundering

Liberty Reserve – The Digital Currency That Laundered Millions

Liberty Reserve was a leader in the digital currency world that has largely been forgotten. It’s lack of anti-money laundering procedures led to it’s downfall. Here’s the full story.

13 Nov 2019

AML, Banks, CTF, Money Laundering, Terrorist Financing

Commonwealth Bank – The Million Dollar Money Laundering Scandal You’ve Never Hear Of

Australia is known for it’s wildlife and natural wonders, but it’s also a money laundering sanctuary. Here we cover the biggest Australian money laundering scandal to date.

12 Oct 2019

AML, Blockchain, Compliance, KYC, Money Laundering

The 5 Largest Money Laundering Scandals of All Time…So Far

Money laundering has been around pretty much since money was invented. While governments and international agencies have strived to do more and more to prevent it from happening, there have been some unbelievable cases over the years. It is estimated that approximately $2 trillion is laundered every year, but we wanted to highlight some of the biggest cases of all time.

25 Jun 2019

AML, Compliance, KYC, Money Laundering

What is Anti-Money Laundering (AML) — Your Guide for 2019

Money laundering is the process of reintroducing illegally acquired money back into the financial system. All illicit industries, including narcotics, human trafficking and terrorist financing, depend on large-scale money laundering operations.

22 May 2019

AML, Blockchain, Compliance, CTF, Money Laundering

The History Of Money Laundering

Money laundering is a practice almost as old time itself. From as early as 2000 BCE, wealthy Chinese merchants would move their profits outside of China, as the government did not support commercial trading. They would then reinvest their smuggled funds into other enterprises, a technique still used today.

25 Apr 2019