PYMNTS

JUNE 2, 2020

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 The study found that coronavirus-inspired fraud typically happens by luring victims from legitimate platforms into chat rooms, where payment in bitcoin can be requested. bitcoin ATMs sent to exchanges last year went overseas.

Report 131

Report Bitcoin ATM cryptocurrency 131

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. Cryptocurrency has not been without controversy.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”.

blockchain 160

blockchain Bitcoin Compliance Regulation 160

PYMNTS

SEPTEMBER 8, 2020

The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. billion in assorted cryptocurrencies, CoinDesk reported. The exchange contacted law enforcement, and trading has been suspended until Sept.

Bitcoin 141

Bitcoin Fintech cryptocurrency Software 141

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. Crypto has been held up by critics as a conduit to fraud and money laundering. The mechanics and clumsiness of it all have not helped.

cryptocurrency 324

cryptocurrency blockchain Bitcoin Security 324

PYMNTS

JANUARY 21, 2021

and abroad have concentrated on bitcoin exchanges that facilitate trading, enabling law enforcement to follow the money via the blockchain network's open payment ledger. No individual agency controls blockchain-based financial networks, and it’s hard to enforce adherence to money laundering legislation. Regulators in the U.S.

blockchain 281

blockchain cryptocurrency Bitcoin Taxes 281

Abrigo

APRIL 18, 2022

Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Learn how your institution compares with peers when it comes to fraud prevention. Fraud Prevention. Fraud Trends. Fraud Prevention.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

SEPTEMBER 8, 2020

The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. billion in assorted cryptocurrencies, CoinDesk reported. The exchange contacted law enforcement, and trading has been suspended until Sept.

Bitcoin 131

Bitcoin cryptocurrency Fintech Software 131

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

PYMNTS

FEBRUARY 19, 2020

The summit, according to BloombergTax, will include four 90-minute panels on technology updates, problems with cryptocurrency exchanges, tax return preparation and regulatory guidance and compliance. The summit will include both private sector panelists and government officials sharing their views and engaging with the audience.

Meeting 168

Meeting Groups cryptocurrency Bitcoin 168

PYMNTS

MARCH 13, 2019

The Malta Financial Services Authority (MFSA) announced it is integrating CipherTrace ’s Compliance Monitoring product to “protect consumers, investors and business partners.” In other news, Overstock ‘s blockchain subsidiary, Medici Ventures , has acquired a 5.1

blockchain 116

blockchain Bitcoin New York ATM 116

Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

United States 284

United States cryptocurrency Bitcoin National 284

PYMNTS

JANUARY 15, 2018

What story of reversals would be complete without a bitcoin section? The reversals this week in the bitcoin world were more in the arena of opinion. The most dramatic reversal of the week was South Korea’s bitcoin ban that almost was. JPMorgan Chase Head Jamie Dimon officially stated that he regretted calling bitcoin a fraud.

Data 110

Data Bitcoin Google Regulation 110

PYMNTS

SEPTEMBER 29, 2017

Just weeks after China banned ICOs, South Korea announced today that it is following suit, with its regulator stating that ICOs for bitcoin and other cryptocurrencies are pushing the market into a “nonproductive speculative direction.”. Several regulatory bodies, including those in the U.S.,

cryptocurrency 124

cryptocurrency Bitcoin Regulation blockchain 124

PYMNTS

SEPTEMBER 18, 2020

It's a mix of payment rails, seeing users able to use their debit card or Apple Pay to purchase Bitcoin and Ethereum; added cryptocurrency options will come at a later date BitPay said. In a statement, Wyre Chief of Staff Liana Spano pointed to the value of new payment rails over legacy ones.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

MARCH 12, 2018

Cooke doesn’t believe cryptocurrencies are the future of payments, however; instead he says digital offerings will supplant the promise and peril of bitcoin and its digital currency brethren. 86 percent | Percentage of companies around the world that experienced at least one cyberattack last year, according to Kroll research.

Data 100

Data Compliance Fraud Bitcoin 100

The Paypers

APRIL 11, 2019

(The Paypers) P2P Bitcoin marketplace Paxful has selected Jumio ’s artificial intelligence-powered biometric identity verification to meet the platform’s KYC and AML requirements.

Meeting 28

Meeting Compliance Bitcoin Fraud 28

Abrigo

JULY 22, 2022

And while their privacy and security are excellent, cryptocurrency networks do not yet have regulations in place in case of hacks or fraud , so consumers who fall victim to financial crime have no recourse to recover. Characteristics of crypto fraud and money-laundering. Fraud Prevention. Fraud Prevention. Learn More.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

FICO

APRIL 19, 2021

million coins in circulation, the overall market value of Bitcoin is about $1.1 In March of this year, Citigroup said, in a 108-page report on the topic , that bitcoin “may be optimally positioned to become the preferred currency for global trade.” With an estimated 18.7 trillion—too big for banks to ignore. by Doug Clare.

cryptocurrency 52

cryptocurrency Bitcoin Compliance Resources 52

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Thankfully, the AML and fraud industries have extensive opportunities for professionals to learn about these schemes. Fraud Prevention. Fraud Trends.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Thankfully, the AML and fraud industries have extensive opportunities for professionals to learn about these schemes. Fraud Prevention. Fraud Trends.

Fraud 195

Fraud cryptocurrency System Trends 195

Payments Source

DECEMBER 19, 2017

Over the last few weeks the SEC has clamped down on two Initial Coin Offerings (ICOs) — and in doing so, raises questions about whether shady ICOs are a byproduct of other avenues for cryptocurrency fraud being closed down.

Bitcoin 64

Bitcoin cryptocurrency Fraud Compliance 64

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. “Adoption is like water,” he said.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

JANUARY 26, 2017

The good news is that risk and compliance solutions work. As payments and commerce increasingly move online, the industry has focused heavily on creating powerful risk and compliance solutions to stave off illicit activities. For G2, bitcoin has become an increasingly good indicator of criminal activity, said Frechtling.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

Money and Payments

JUNE 3, 2014

Just one hour ago DNB, the Dutch central bank and bank supervisor, issued a warning on bitcoin. Essentially DNB concludes that virtual currencies (bitcoins and altcoins) are viewed as products with a very high risk profile. aml bitcoin money security and fraud' In 2014, DNB will.

Bitcoin 48

Bitcoin Company Payments Fraud 48

PYMNTS

JANUARY 20, 2017

According to a report in Forbes , the initiatives, which is being funded via crowdfunding, has attracted equal to 3,000 bitcoin of investments so far, with the crowdfunding raise set to end in February. Identify fraud and compliance management, like KYC and AML, are also high-value propositions for the tool.

blockchain 100

blockchain Tools Capital Bitcoin 100

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulation blockchain Software 72

South State Correspondent

MAY 9, 2022

We all say the customer comes first, but our actions around innovation often put cost, compliance, or our present way of doing business first. Still, it also dramatically reduces the cost of traditional account opening and often comes with better fraud controls. However, that is just the direct cost and risk.

Technology 195

Technology Customer Experience Data Training 195

PYMNTS

AUGUST 13, 2018

dollars, has been surging in trading — with daily trading volume around $3 billion, behind only bitcoin. Leonardo Real, Tether’s chief compliance officer, told the WSJ that since Friedman was let go, it has had a hard time finding a reputable firm to audit it. Tether , the digital currency that is purported to be backed by U.S.

US 100

US Bitcoin Report Compliance 100

FICO

APRIL 23, 2019

In between coloring eggs, if you picked up a paper or scrolled through a news site, you probably would have seen the news that $130 million cash was found at the house of the ousted president of Sudan and how the US government foiled a money laundering operation by drug traffickers using bitcoins. Money never sleeps, as they say.

Analytics 40

Analytics Compliance Fraud Analysis 40

CB Insights

JULY 20, 2017

Primary categories: Compliance: Companies in this category offer products and services for helping financial institutions meet cybersecurity related regulatory requirements such as Anti Money Laundering (AML), Know Your Client (KYC) regulations, and more. Other companies include Chainalysis , a provider of AML software for bitcoin.

Security 30

Security Company Compliance Marketing 30

PYMNTS

JUNE 26, 2018

That means experts are focusing heavily on compliance with the new regulation, with lofty fines for noncompliance, at the potential expense of protecting against targeted attacks or insider data leaks. presidential election, and nearly three-quarters felt that recent activity from Russia, China and North Korea was making U.S.

cryptocurrency 125

cryptocurrency Data Security Survey 125

CB Insights

AUGUST 3, 2017

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Anti-Fraud : Companies offering payment fraud solutions. Anti-Fraud.

Company 65

Company Fintech Comparison Marketing 65

William Mills

JANUARY 25, 2018

As of our issue date, Bitcoin made an amazing run up to nearly $20,000, went down to $9,199 and is now back up to $11,000. Hype impacts the demand of Bitcoin, but Bitcoin’s lasting legacy to banking will likely be its underlying distributed ledger technology.

Report 40

Report Bitcoin Strategy Innovation 40

Let's Talk Payments

APRIL 20, 2016

Third Key Solutions provides consulting and cryptographic key management solutions for companies using decentralized digital currencies, distributed blockchains and asset-tokens. Chainalysis allows to spot connections between digital identities. The company’s.

blockchain 40

blockchain Company Compliance Technology 40

CB Insights

SEPTEMBER 7, 2021

Chainalysis and CipherTrace provide cryptocurrency anti-money laundering, anti-fraud, KYC, and other compliance solutions for crypto businesses, financial institutions, and government agencies. Genesis Digital Assets , a US-based bitcoin miner, raised $125M in funding in July 2021.

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