3 types of crypto risks that can be mitigated through blockchain analytics

Key takeaways: FATF identified a trend in the use of methods to increase anonymity to launder illegal proceedings. Blockchain analytics can help mitigate crypto-related risks. Using cryptocurrencies for money laundering (ML) / terrorism financing (TF) or fraud purposes is not new and this is why worldwide regulators are putting in »

Liquid Hack: What We Know a Few Days After the Hack

Key takeaways: On Aug. 19, Liquid exchange announced it had suffered a hack on its Twitter account. The exchange reported several addresses linked to the hack and is investigating the funds’ movements. The hacker is depositing the funds on several crypto platforms. Liquid exchange hacked: what happened? On August 19, »

Crypto Compliance: Adopting a Risk-based Approach to Crypto Gambling

Key takeaways: The use of crypto in the gambling sector has grown in popularity over the last few years. Gambling services are mentioned in FATF’s Virtual Assets Red Flag of Money Laundering and Terrorist Financing report from July 2020. Gambling could be a way to launder cryptos, VASPs and gambling »

June FATF Plenary: Outcomes of the Meeting

Key takeaways: FATF plenary took place from June 21 to 25. The report on the 12-month review of FATF’s revised standards for VAs and VASPs will be published on July 5. The finalization of FATF’s revised Guidance on VAs and VASPs is pushed back to October 2021. FATF plenary meetings »