Are people losing hope in a fiat monetary system?

The FIAT system Most modern-day societies use a fiat system. It is this system which cryptocurrency pundits adamantly are speaking out against. The majority of us never heard or can’t remember the phrase “as good as gold”. But,...

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...

Are we taking Anti-Money Laundering for granted?

Basel Institute reveals slow progress in AML Earlier this month the Basel Institute on Governance announced the release of the Basel Centre for Asset Recovery’s Basel Anti-Money Laundering Index for 2018 – the so-called “AML...

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 AML Burden: RegTech to the Rescue

The Status Quo Since 9/11 Financial institutions (FI) have made enormous investments in their AML compliance programs but are still faced with manual processes and complexities in complying with financial crime regulations. It has been estimated by a Wealthinsight...

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