Articles of Anti-Money Laundering

2019 Global Digital Asset Anti-Money Laundering (AML) Research Report

0. Summary Digital assets such as Bitcoin were mainly used in the early days to purchase illegal items such as drugs and counterfeit banknotes from the dark web. Now, with the gradual maturity of blockchain technology, as a mainstream digital asset, Bitcoin has become the value target sought by many people. It has also extended […]

Ukraine approves final version of anti-money laundering law to regulate virtual asset transactions in accordance with FATF guidelines

According to Cointelegraph reported on December 7, the Ukrainian government has approved the final version of the anti-money laundering law, which will regulate virtual assets and virtual asset service providers (VASP) according to the guidance of the Financial Action Task Force (FATF). Image source: pixabay On December 6, Rada, the Ukrainian legislature, announced the final […]

Head of FinCEN, USA: Anyone must abide by the Anti-Money Laundering Act (AML), and the stable currency is no exception.

According to recent media reports, Kenneth Blanco, director of the US Financial Crimes Enforcement Network (FinCEN), delivered a speech at Georgetown University, clearly stating that anti-money laundering (AML) laws apply to everyone. Image source: On October 21st, the banking trade publication American Banker reported that Blanco said that financial technology companies that provide cryptocurrency users […]

Academics use AI algorithm to promote bitcoin anti-money laundering

Translator's foreword: The original intention of blockchain applications such as Bitcoin is to achieve inclusive financial purposes. However, the use of criminals has brought them a bad reputation, which also highlights the importance of anti-money laundering work. Researchers at MIT, IBM, and blockchain analysis firm Elliptic have jointly introduced methods to detect illegal blockchain transactions. […]

The head of Libra’s letter to the US Senate: accepting anti-money laundering supervision

On July 8, 2019, Facebook's Libra project leader David Marcus sent a letter to the US Senate to answer seven questions about Libra. In this letter, Marcus disclosed more details about the Libra project. For example, Libra made it clear that the balance sheet would consist of 100% of bank deposits and very short-term government […]

Babbitt Column | Money Money Risk Avoidance Guide for Digital Currency Trading Subjects

The anonymity and complexity of digital currency trading make trading participants and trading platforms face many risks, such as abnormal trading of trading participant accounts, so that the trading platform believes that there is a risk of money laundering, and the platform adopts measures to freeze accounts, which will be more serious. There will be […]