The treaty of non-nuclear proliferation with Iran: $100 billion in frozen assets, is your financial Institutions prepared for the opportunities and challenges?

Iran a country of 80 million people generates a $400 billion economy, boasts the world’s fourth-largest oil reserves, the second-biggest stores of natural gas, and has well-established manufacturing and agricultural industries. Iran would get access to more than $100...
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Demystifying blockchain: what it means for KYC

Hardly a day goes by without a news item concerning the use of cryptocurrencies for money laundering. In June the Financial Action Task Force (FATF) told countries to tighten oversight of cryptocurrency exchanges amid growing...
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Ten thousand fake credit cards seized from money laundering syndicate

A suspicious matter report (SMR) was the catalyst for a law enforcement operation which resulted in the arrest of three foreign nationals. The operation revealed a multi-million dollar money laundering syndicate which was laundering illicit proceeds derived from...
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As Cryptocurrencies become Mainstream, they must embrace KYC Compliance

Maybe I am just getting old, but it came as a shock that Bitcoin has now been around for a decade. Yes, it was launched in January 2009. Early in its existence, financial authorities became concerned that, due to its semi-anonymous and decentralized nature, Bitcoin...
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Cryptocurrency: Currency of Choice for Money Laundering and Terrorist Financing?

Cryptocurrency is only used in on Darknet and by Criminals! I don’t know a topic that is more misunderstood than cryptocurrency. US regulators unofficially coined the umbrella term “virtual currency” to denote bitcoin and other...
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