British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

British Security Think Tank's Report Warns NFTs Could Bolster Money Laundering SchemesThe Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI: ‘NFT Technology Can Raise […]

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4 Key Finance-Related Issues Scrutinized by the Sec in 2018

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The SEC is currently in the process of scrutinizing cryptocurrencies and other financial markets moving forward. Throughout the year 2018 – to date – the agency has undertaken a lot of noteworthy actions. According to its latest report, the following enforcement actions will only become more apparent over time. #4 Cyber-related Misconduct The concept of […]

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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds

European Banks Facilitated Large Crypto-Fiat Deals, Probe FindsSeveral financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first […]

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Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money Laundering

Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money LaunderingCompanies from Russia and other parts of the former Soviet Union have apparently turned the small country of Estonia into a massive money laundering haven. An investigation into the Estonian branch of Denmark’s largest bank is examining up to $150 billion which may have been involved. Also Read: The Daily: Robinhood Aiming for IPO, Dodgers […]

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