AML | FinTelegram News

December 15, 2020

Finally! U.S Congress bans anonymous shell companies to fight money-laundering

U.S. officials like to accuse the European state of not acting consistently enough against money laundering and terrorist financing. However, the fact is that the obligation to disclose the ultimate beneficial owners (UBO) behind companies has been in place in the EU for several years. There are no more anonymous shareholders in the EU. In the U.S., such a law has only now been passed.

June 25, 2019

Crypto and money laundering – new FATF rules are much appreciated!

The Financial Action Task Force (FATF) is an independent inter-governmental body with the mission to develop policies to protect the global financial system against money..

May 26, 2019

German fintech unicorn N26 caught with anti-money laundering issues

In April 2019, German media outlets reported on a money laundering case around the German Fintech Startup N26. According to a research by the German..

January 13, 2019

Payment Services Providers And Their Responsibility In Illegal Broker Schemes

Update April 24, 2019: FinTelegram received information from Jubiter Technologies and their measures taken to avoid money laundering. The Estonian company joined FinTelegram’s fight against..

January 10, 2019

Crypto Crime: Money Laundering Now And Then

In January 2017, Deutsche Bank agreed to pay US$ 625 million to US and UK financial authorities to settle charges that it helped Russian investors..

December 23, 2018

EFRI Funds Recovery Campaign Against Veltyco’s Online Trading Schemes Option888, ZoomTrader, and XMarkets

FinTelegram has already been covering the online trading scams around the public-listed VELTYCO GROUP PLC for months and has warned investors. These scams include Option888,..

December 19, 2018

SafeMarkets Warning: Unauthorized Payment Services Providers Involved

There have been numerous warnings from official supervisory agencies against the illegal broker websites operated by Israeli fraud artist Gal BARAK. Recently, the UK Financial..

Cryptonomics

November 9, 2018

MARSHALL ISLANDS – THE POLITICAL CRISIS IN THE WORLD’S FIRST CRYPTO-NATION

The Marshall Islands, officially the Republic of Marshall Islands (RMI), are a popular offshore center for many scams and fraud systems in the field of..

Cybercrime

October 23, 2018

ANTI-MONEY LAUNDERING: EXPERT HUMMINGBIRD RAISES $3 MILLION

Hummingbird, a US RegTech startup and operator of an anti-money laundering (AML) platform, announced that it has raised $3 million in a funding round led..

October 23, 2018

HOW TO TACKLE THE MONEY LAUNDERING ISSUE IN THE CRYPTO SPACE!

In its press release of 19 October 2018, the Financial Action Task Force (FATF) calls on its members to take rapid and coordinated action on..

August 12, 2018

THE CRASH AND SOME THESES ON THE STATE OF THE CRYPTO-MARKET!

Fintelegrams hypotheses for the status of the crypto market in August 2018: The ICO-hype triggered the price spike in 2017; The hype is over, market..

June 22, 2018

REGULATORY AML-CRACKDOWN ON CRYPTO-EXCHANGES IN JAPAN

We already reported today that the market capitalization of the cryptocurrencies lost almost US$ 17 billion within 24 hours. Analysts do not believe the ground..

Tag: AML