The Financial Transactions and Reports Analysis Centre (FinTRAC) of Canada has obligated all the crypto exchanges to register as of June 1, 2020. It will come into action with other changes in the anti-money -laundering regulations. The firms have to keep an eye on their client records and report in case of suspicious actions.
According to the European Union (EU), Malta needs to strengthen its anti-money laundering (AML) policies. It requires to look after the policing to meet the requirements of growing crypto sectors. As per the report, the European Commission says that the island’s financial, gaming industry and growing crypto sectors require strong AML administration. It states in […]
Rakuten and CipherTrace are teaming up to set-up Rakuten’s’ upcoming crypto exchange. It is a Japanese e-commerce mammoth and CipherTrace is a blockchain analytics firm. The latter has assured to create anti-money laundering (AML) processes for the Rakuten Wallet platform. The giant has already started registering accounts for those who are connected to Rakuten bank. […]
Gatecoin, a Hong Kong-based cryptocurrency exchange, has partnered with Coinfirm for its cryptocurrency anti-money laundering (AML) risk and compliance platform. Gatecoin has also become a member of the AMLT Network. Utilizing the AML Platform, Gatecoin intends to enhance security for traders and simplify the registration process for crypto-to-crypto trading.