AML / KYC

AML / KYC

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

By Editors | 09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

AML / KYC

EU Oil Embargo Opens Possibilities for Further Sanctions – Report

By Editors | 09/05/2022

The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

AML / KYC

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

AML / KYC

UK Gov Removes Key Sanctions List Format Without Notice

By Manesh Samtani | 08/05/2022

The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.

AML / KYC

US Court Orders BitMEX Co-Founders to Pay $30m in Fines

By Editors | 08/05/2022

The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

AML / KYC

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Fintech / Regtech

J5 Publishes Red Flag Indicators to Address NFT Risks

By Editors | 05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

AML / KYC

NYDFS Issues Guidance Recommending Use of Blockchain Analytics

By Editors | 05/05/2022

The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

AML / KYC

European Commission Proposes Complete Ban on Russian Oil

By Editors | 05/05/2022

Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.