ComplyTech

🚩 CEO Michel Farah names risks associated with Brexit in the publication of Korea IT Times. Financial institutions might face enormous challenges after Brexit and more.

Anti-Money Laundering challenges for Post-Brexit financial institutions in the UK - Korea IT Times As the United Kingdom prepares to leave the European Union on October 31st, the financial sector is among those facing the most uncertainty. As a result over 275 UK-based Financial Institutions (FI...

👀🔝With coming into force on January 2020, the question arises of how transactions between regulated and unregulated exchanges will be monitored?

There is a possibility to take a risk based approach and apply rigorous KYC and KYT processes but when it comes to transaction monitoring in cryptocurrencies, the reality is not as simple.

Curious about it? Read more on our 👇

Anonymity and transparency in the cryptocurrency world - Complytech 5th Anti-Money Laundering Directive AMLD5, Cryptocurrency exchange, fiat currencies, custodial wallet providers, obliged entities, AML know your customer (KYC) due diligence and reporting of suspicious transactions, anonymous cryptocurrency

👉💸$817 million suspected laundered by Kiwi company and its employees.

New Zealand’s company is accused of failing to report hundreds of suspicious transactions including $817 million dollars belonging to an international tycoon.

The company and the employees could not be identified for legal reasons but it’s considered to be the first such money laundering case to be heard in New Zealand’s courts since AML laws were introduced more than a decade ago.

Kiwi company and pair on trial over mogul's 'suspicious' $53m A company and two employees are on trial accused of failing to report hundreds of "suspicious" transactions involving tens of millions of dollars.