South Korea Cracks Down on Crypto: UPbit Under Fire for KYC and AML Violations
South Korea’s crypto regulatory landscape is tightening, and one of the nation's largest cryptocurrency exchanges, UPbit, is now in hot water. The exchange faces...
South Korea Cracks Down on Upbit Exchange: Suspension, KYC Violations, and Potential Fines Loom
South Korea's Financial Intelligence Unit (FIU) has issued a formal suspension notice to Upbit, the largest cryptocurrency exchange in the nation, following allegations of...
iCapital Revolutionizes KYC and AML Processes with Strategic Acquisition of Passport Technology Provider
n a move set to reshape the landscape of financial compliance, iCapital, a leading global fintech platform specializing in alternative investments, has announced the...
BitMEX Faces $100 Million Penalty for AML Violations Amid Revenue-Driven Compliance Lapses
In a landmark enforcement action, cryptocurrency exchange BitMEX has been fined $100 million by a U.S. federal judge for knowingly ignoring anti-money laundering (AML)...
Bridging the Divide: How AML and Fraud Management Can Collaborate for Better Results
Anti-Money Laundering (AML) and fraud management have traditionally operated as distinct disciplines, each addressing unique aspects of financial crime prevention. AML focuses primarily on...
