Canadian Banks’ Money-Laundering Controls Failed

  "Canada’s top banking regulator has found money-laundering controls at the country’s banks failed on numerous occasions, according to a document obtained by The Wall Street Journal. Between 2009 and 2014, the Office of the Superintendent of Financial...

How vulnerable are western banks to state-sponsored cybercrime?

The world breathed a sigh of relieve when Donald Trump de-escalated the tensions between the United States and Iran, which started when an American drone killed General Qasem Soleimani early in January and continued a few days later when Iran fired 15 missiles at...

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...

Panel Discussion – Blockchain & KYC Hype to Real Applications

It was a pleasure for me discussing - Blockchain & KYC Hype to Real Applications - with the other panel experts: Roman Stammes, Yana Afanasieva, Robert Engmann and moderator Anne Bailey at the Blockchain Enterprise Days 2019 in Frankfurt Millions of dollars and...

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...
The Global Laundromat

The Global Laundromat

Transparency campaigners dismayed at clean bill of health for UK government On Friday, 7 December the Financial Action Task Force (FATF), a G7...

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