Comment obtenir l’agrément PSAN auprès de l’AMF ?

Le développement du marché des crypto-monnaies amène les entreprises à développer des services autour de ces actifs numériques pour satisfaire les besoins des investisseurs et consommateurs. De fait, les régulateurs du monde entier cherchent désormais à garantir un cadre légal afin de protéger les investisseurs et d’empêcher la fraude, le »

Scorechain cryptocurrency transaction surveillance tool releases the Entity Directory with Risk-AML due diligence performed on 700+ VASPs

The leader in transaction monitoring for Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) just published a comprehensive database of 700+ Virtual Asset Providers (VASP).  As a material outsourcing service provider, Scorechain’s role is to give Risk-AML information on digital assets transactions, addresses and wallets. The users of the platform – mainly »

5 days after the Harvest Finance Hack: what we know so far

Early Monday, the decentralized finance (DeFi) protocol Harvest Finance was exploited by an unknown attacker, who drained about $25 million in value and swapped for renBTC (rBTC). This incident has risen again and even heated the debate on whether this kind of flash loan-based arbitrage attacks are really “hacks”. Technically, the »

Swiss Parliament approves new DLT Regulations notably for crypto-based assets

The New Swiss Blockchain DLT Laws have been approved by the Swiss Parliament on 25 September 2020. Finalised last week, laws are expected to come into effect in early 2021: What is important to know? A specific category of tokenised rights named “Uncertificated Register Securities” regarding security token issuers; A »

The Ultimate Guide for implementing a RBA based on FATF latest guidelines on virtual assets indicators

Implement a risk-based approach to comply with the source of funds & transaction monitoring requirements according to FATF Virtual Assets Red Flag Indicators report for ML/TF. Download here: https://scorechain.com/FATF-redflag-indicators-report Cryptocurrencies and digital assets have raised many concerns for regulators over the past few years. With increasing usage and increasing business opportunities for many industries, »

Payback for ransomware may violate OFAC’s regulations

Issue crypto transaction in case of a ransomware attack may violate OFAC regulation This Advisory has been published following the surge of ransomware during COVID-19 pandemic License applications involving ransomware payments will be reviewed by OFAC on a case-by-case basis with a presumption of denial In case of ransomware, OFAC »