AML transaction monitoring on Blockchain

AML transaction monitoring

AML Transaction Monitoring isn’t just a case of being compliant. It’s about going above and beyond the minimum standard. Here’s why. Transaction Monitoring is becoming increasingly important as AML regulations get tighter and tighter. It’s a term used when a financial institution chooses (or is required) to track its customers’ transactions to learn more information […]

Blockchain and GDPR compliance: mission (im)possible?

Blockchain GDPR compliance

With the immutable nature of blockchain directly conflicting GDPR’s requirement to delete personal data, is there a way to reconcile inconsistencies between the two? Can Blockchain and GDPR compliance both exist? The General Data Protection Regulation (GDPR) was first approved and adopted by the European Union (EU) Parliament on April 2016 and became effective on […]

Cryptocurrency and crime: uses and ways to stop it

Cryptocurrency and crime

Over the past few years, cryptocurrencies have grown rapidly in price, popularity and mainstream adoption. To put it into context, the numerous online cryptocurrency exchanges and markets have daily dollar volume in the billions. With such volumes, a link between cryptocurrency and crime is, unfortunately, inevitable. As of January 2018, the total market capitalisation of […]

Fundament Group: BaFin Approves $280M Blockchain Bond For Real Estate

The German regulator greenlights an unprecedented $280 million Ethereum-based real estate bond for security issuance firm the Fundament Group by Daryl Charman On 23rd July 2019, the German Financial Market Supervisory Authority (BaFin) approved a blockchain-based bond issuance for Fundament Group. The Berlin-based security issuance firm behind it mainly invests in commercial real estate, with […]

Initial Exchange Offerings (IEOs): Questions & Answers

We recently posted an article on LinkedIn about Initial Exchange Offerings (IEOs). We received some questions which relate to three main topics. by Simone D. Casadei Bernardi Who is responsible for running AML and CTF checks on their subscribers of the IEO? Is it the issuer or the exchange? The answer to this question can’t […]

CFTC targets BitMEX

BitMEX: U.S. watchdogs willing to step up the game with crypto oversight by Mattias Cerini News broke out recently regarding a probe launched by the U.S. Commodities Futures Exchange Commission (CFTC) into alleged trades executed by American citizens on Seychelles based crypto margin trading BitMEX. The investigation has not been made public as of the […]

FATF Releases Global Rules for Crypto Assets

The independent inter-governmental body who deal with the threats made against the global financial system like money laundering and terrorist financing, the FATF, made a big announcement surrounding crypto assets. At the closing of the Plenary Week Friday in Orlando, Florida, they announced that they had adopted and issued “an Interpretive Note to Recommendation 15 […]

Blockchain Compliance Bulletin #8 – July/August 2019

When we had the idea to publish our Blockchain Compliance Bulletin, we considered it an experiment. We weren’t sure about where this publication would have lead us. We got much more results than we expected at first. We continuously receive positive feedback from our readers, together with useful and constructive criticism, which help us to […]

Opportunities Await – Thanks to Security Tokens and STOs

Discover why legislation in 2019 towards security tokens and STOs are pushing the blockchain industry towards a whole new world of opportunities Before discussing the future of security tokens and the differences between them and other forms of tokens, first, let’s cover what they are. In layman’s terms, a security token is portable devices that […]