FinCEN proposed crypto rules: foreign accounts holding crypto would be reportable on the FBAR; crypto exchanges would identify personal wallets – Both should undergo further review by the new administration though

If you are a US person holding assets worth more than $10,000 (including cryptocurrencies) overseas, you may be concerned with this topic. If you are a US bank or money service business dealing with cryptocurrencies, you may be concerned as well.   Key takeaways: In a recent notice, FinCEN proposed to »

Scorechain and Venrai Form a Strategic Partnership

This article was published by Venrai on Dec 11th, 2020. Read the original article here: https://link.medium.com/NEkEpceZ7bb Crypto Analytics firm Scorechain and Crypto Compliance Advisory Firm Venrai Announce their Strategic Partnership The outbreak and rapid spread of COVID-19 has led to unprecedented challenges globally, both to individuals and businesses. Prior to »

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 »