AML

Are Non-Fungible Tokens (NFTs) Used For Money Laundering?

Nov 30, 2021 | AML, cybercrime, non-fungible tokens

What is an NFT? A Non-fungible Token (NFT) is a unique digital asset and piece of data stored on a blockchain. The NFT is a unique token recorded as belonging to a given wallet, and it is not indistinguishable or interchangeable amongst other tokens of the same type....

Compliance and AML Practices: An Open Letter to Cryptocurrency Exchanges and Services

Sep 28, 2021 | AML, compliance, money laundering, ransomware

This past week, the US government took action for the first time to sanction a foreign cryptocurrency exchange, Suex, in an effort to stem the tide against ransomware and cybercrime. This enforcement action puts Suex in the same category as suspected terrorists. Thus,...

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