Category: aml

Rakuten Brings in Compliance Partner for New Crypto Exchange

Japanese e-commerce giant Rakuten, has partnered with blockchain analytics firm CipherTrace to help ensure compliance for its soon-to-go-live cryptocurrency exchange. CipherTrace announced Wednesday that it will help ensure sound anti-money laundering (AML) processes are in place for the firm’s...

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In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

The Financial Crimes Enforcement Network (FinCEN) has for the first time penalized what it dubs a “peer-to-peer cryptocurrency exchanger” for breaking anti-money laundering (AML) rules. The U.S. regulator announced Thursday that California resident and cryptocurrency trader Eric Powers failed to...

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Binance Partners With CipherTrace in Latest Compliance Push

Malta-based cryptocurrency exchange Binance is embarking on a multi-pronged push to boost compliance procedures across its platform. To that end, Binance is announcing a new partnership with the blockchain analytics firm CipherTrace to enhance anti-money laundering (AML) processes like...

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