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US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools
8.10.2020
The Travel Rule Protocol working group has published v1 of its TRP API
User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
14.9.2020
The international watchdog has recommended comparing users' age and wealth with their crypto transactions to identify possible criminal activity
FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force
2.9.2020
Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering platform as the sector ramps up FATF compliance efforts
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
21.8.2020
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually
Where FATF Crypto Compliance Gets Interesting: Africa
3.8.2020
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards
How One Firm Is Addressing the Interoperability Problem Posed by FATF’s Travel Rule
23.7.2020
Crypto companies building solutions to the FATF "Travel Rule" may be creating a new interoperability problem. Netki is offering a fix
Shyft Debuts ‘Decentralized Version of SWIFT’ for FATF Travel Rule
14.7.2020
Shyft Network says 30+ exchanges are testing its blockchain-based solution to help cryptocurrency companies comply with the FATF Travel Rule
BitGo Looks to Rally Exchange Clients Around FATF Travel Rule Product
14.7.2020
BitGo has joined the pack of solution providers attempting to bring crypto in line with FATF anti-money laundering standards
Is the Travel Rule Good or Bad for Crypto? Both
27.6.2020
A new international rule requiring digital asset operators to report transactions could spilt the crypto industry in two, argue two researchers
FATF Meets Wednesday to Discuss ‘Travel Rule’ for Digital Assets
24.6.2020
The Financial Action Task Force holds its summer plenary meeting Wednesday. Here's what to expect with the anti-money laundering watchdog discussing crypto
Blockchain Bites: PayPal’s Push, FATF’s Rules and ‘Overstated’ Libra Fears
23.6.2020
Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule
Identity Startup Notabene Launches Exchange Tool for FATF Travel Rule Compliance
23.6.2020
A Financial Action Task Force (FATF) meeting this week is proving to be a popular time for industry players to launch compliance-minded tech solutions
In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers
23.6.2020
ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets
Crypto ‘Gray’ Markets Could Be Unintended Consequence of FATF Travel Rule
21.5.2020
Clean bitcoin, dirty bitcoin. Could FATF regulations lead to a bifurcation of the crypto space, one where certain digital assets trade at lower prices?
1.4% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto
13.5.2020
More than 70,000 crypto-related SARs had been filed with FinCEN since 2013, director Kenneth Blanco said Wednesday
Crypto Firms Establish Messaging Standard to Deal With FATF Travel Rule
7.5.2020
The standard defines a uniform model for data that must be exchanged by crypto firms alongside transactions
Shyft Network to Build FATF-Compliant ‘Identity Layer’ for Polkadot
6.4.2020
Shyft Network is adding yet another blockchain to its decentralized digital identification network
FATF Says US ‘Largely Compliant’ With Virtual Currency Recommendations
2.4.2020
A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework