A discussion with Frédéric Jesupret, Group Information Security Officer at Allianz Partners As new privacy regulations are created and updated, discussions about privacy management are increasing arou...
Tag: Compliance
Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures
Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police. I...
US prosecutors probing Binance over AML compliance since December 2020 – Reuters
U.S. prosecutors have been probing Binance’s anti-money laundering compliance, operations, and internal communications since December 2020, Reuters reported on Sep. 1, citing people familiar with the ...
Crypto.com hits new milestone with SOC 2 Type II compliance
Crypto.com, a cryptocurrency exchange with over 50 million users and accessible across 90 countries, has added to its growing reputation as one of the world’s leading crypto platforms with the success...
Crypto.com completes SOC 2 Type II Compliance audit to position as a secure and reliable platform
Singapore-based cryptocurrency platform, Crypto.com, announced on August 23 that it completed the Service Organization Control (SOC) 2 Type II Compliance audit. Notably, the audit carried out by Deloi...
PayPal joins TRUST to aid its compliance with crypto regulations
PayPal, a leading digital payment platform, has been integrated into the Coinbase Travel Rule Universal Solution Technology (TRUST) network. Coinbase confirmed the development in a Twitter post on its...
PayPal Partners With TRUST Network to Ensure Banking Compliance
PayPal has joined Coinbase’s Travel Rule Universal Solution Technology (TRUST) network, which aims to “protect the security and privacy” of customers while complying with the banking industry’s Travel...
Why PayPal Joined Coinbase’s Compliance Solution TRUST
Payment giant PayPal joined the Coinbase-led compliance initiative called Travel Rule Universal Solution Technology (TRUST). Launched in 2022, the solution was created to “protect the security and pri...
Binance Addresses Alleged Compliance Neglect, Says KYC Efforts Cost The Exchange Billions ⋆ ZyCrypto
Advertisement     Following a June 6 Reuters report which allegedly linked Binance to money laundering schemes involving the top darknet and hacking groups, some membe...
Crypto.com eyes security via regulation as it secures UK FCA approval amid global compliance tour
Major crypto exchange Crypto.com secured approval from the U.K. Financial Conduct Authority (FCA) in its most recent addition to its list of newly confirmed territories. While Crypto.com services were...
TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’
Blockchain analytics firm TRM Labs says that the Tornado Cash sanctions present new problems for crypto firms trying to comply with US regulations. TRM Labs provides information to crypto entities suc...
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
Between Aug. 7 and Aug. 13, users sent in about 11,000 ETH (so this figure went down week-over-week) and sent out … 49,852 ETH. Tornado was sanctioned on Aug. 8, meaning the week-over-week figure near...
Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space ⋆ ZyCrypto
Advertisement     The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 ...
Doing Business In China Is Getting Harder: U.S.-China Business Forum
Sean Stein Forbes China At the start of 2022, American companies on the ground in China were optimistic about the business outlook, surveys found. Confidence had rebounded to pre-2017 levels, based in...
TRM Labs Company Intelligence
August 2, 2022, 1:41PM EDT • 23 min read Quick Take Founded in 2018, TRM Labs is a blockchain intelligence company that provides various compliance and forensics services for public and private sector...
Robinhood fined US$30 million for compliance failures
Robinhood, a trading app fined US$30 million The company is already in a loss of $295 million On Tuesday, the department of Financial Services, New York fined US$30 million on Robinhood, a trading app...
Gatenox raises $2.5m from investors to aid crypto KYC/AML compliance
Gatenox, the UK-based verified credentials solutions provider for institutional and retail clients, has raised $2.5 million in a seed funding round led by German-based venture capital firm C3 VC Fund....
FAMEEX Gives Considerate Approaches to Purse Regulatory Compliance
Place/Date: – July 20th, 2022 at 11:33 am UTC · 2 min read Source: FAMEEX Photo: FAMEEX Recently, Russia and the EU have reportedly implemented laws that regulate crypto in the country. While th...
Former Celsius Executive Alleges That the Firm Was Manipulating CEL Token and Neglecting Compliance: Report
A former Celsius executive has alleged that the crypto lending firm may have been negligent in various ways leading up to its ultimate bankruptcy. According to a new report by CNBC, Celsius’ former di...
Compliance and legal staff among crypto job cut-backs
As some of the largest crypto companies cut back on their staff during the current crypto winter, there is still demand for staff specialised in legal and compliance skills. With the regulatory enviro...
Gensler says SEC can consider tailoring rules for crypto industry compliance
The Securities and Exchange Commission (SEC) chairman Gary Gensler said the commission might tailor securities laws for crypto companies to comply. In an interview with Yahoo Finance on July 14, Gensl...
India Shuts Down Blockchain and Crypto Assets Council Citing Compliance
The Internet and Mobile Association of India (IAMAI) will dismantle the Blockchain and Crypto Assets Council (BACC) in what is being considered a massive blow to the only representative body for the d...
India is investigating crypto exchanges compliance to foreign exchange laws
India’s Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country’s Foreign Exchange Management Act (FEMA), Economic Times India reported. Accordin...
CoinDCX Suspends Deposits and Withdrawals, Citing Compliance Requirements
CoinDCX, an India-based major cryptocurrency exchange, has suspended crypto deposits and withdrawals for various users,citing compliance measures as the reason for the move. After many customers expre...
Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements
India’s largest crypto exchange by value – CoinDCX – has extended the withdrawal restrictions that have been in place since May 13 until further notice. It said these extreme steps are necessary to im...
Bybit, KuCoin each fined more than C$2 million in Canada for securities compliance failures
? Want to work with us? CryptoSlate is hiring for a handful of positions! The Ontario Securities Commission (OSC) has conducted two successful enforcement actions against Bybit and Kucoin. The market ...
Crypto Meltdown Calls for a Decentralized Compliance Layer to Protect User Interest
Over the last few weeks, the cryptocurrency market has been rocked by extreme volatility. There has been a steep decline in the price of digital assets. Such has been the meltdown in that the entire m...
BlockFi is charged with $193k for improper compliance
BlockFi is much from having a peaceful season. Not solely the crypto business is suffering the hits of a bear market, currently the crypto disposal platform is facing an almost $1 million fine oblig...
IMF Suggests CBDCs To Include Compliance And User-Friendly Payment Features
International Monetary Fund (IMF) took a broad step in recommending creating a payment system with eco-friendly practices. It undertook a study on energy consumption based on the consensus mechanisms ...
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The c...
Stepn to block mainland China users in compliance with regulators, SCMP says
Solana-based “move-to-earn” game Stepn will block users in mainland China as required by the authorities there, the South China Morning Post reported on Friday. Stepn is an Australia-based company tha...