Daily Briefing: ACFCS Podcast Tackles Libra Fincrime Conundrums, Latvian Bank SHUTTERED, AND MORE

Facebook Libra

QUOTE OF THE DAY: “TACT IS THE ABILITY TO DESCRIBE OTHERS AS THEY SEE THEMSELVES.” – ABRAHAM LINCOLN In today’s ACFCS Fincrime Briefing, Elliptic reviews the fincrime compliance conundrums around Facebook’s Libra crypto coin in a lively podcast, authorities shutter Latvian bank with checkered AML history, new FCC telephone scam glossary, and more. Please enjoy this unlocked […]

ACFCS Announces New Focus on Cryptocurrencies for Third Quarter

QUARTERLY FOCUS TO BRING NEW RESOURCES, COLLABORATION AND TRAINING TO HELP THE COMMUNITY ADDRESS FINCRIME RISKS IN THE CRYPTO SPACE In the financial crime arena, few topics have generated as much concern and confusion in recent years as cryptocurrencies. Alternately hailed as the future of finance and derided as a dodgy money laundering risk, the […]

AFFILIATE NEWS: CRYPTOCURRENCY UPDATES FROM CIPHERTRACE

July 18 in Washington DC: CipherTrace met with members of Congress to educate them about the benefits and alleviate fears regarding cryptocurrencies China cracks down on electricity rustlers — nabs 4,000 cryptocurrency mining rigs powered by stolen energy Joint SEC/FINRA statement on broker-dealer custody of digital asset securities $32 million worth of cryptocurrency lost in major Japan exchange […]

Daily Briefing: Malta Creates New Unit to Halt Fincrime, MUFG Pays NYDFS $33 Million,and More

Malta Flag

QUOTE OF THE DAY: “ENERGY CAN’T BE CREATED OR DESTROYED, AND ENERGY FLOWS. IT MUST BE IN A DIRECTION, WITH SOME KIND OF INTERNAL, EMOTIVE, SPIRITUAL DIRECTION. IT MUST HAVE SOME EFFECT SOMEWHERE.” – KEANU REEVES, ALSO CALLED NEO AND THE ONE.  In today’s ACFCS Fincrime Briefing, Malta bolsters laws, resources to tackle laundering, Congress pressuring FinCEN […]

Daily Briefing: FATF Issues Crypto AML Guideline, Chinese Banks Probed on NK Breaches, and More

QUOTE OF THE DAY: “ALL FIXED SET PATTERNS ARE INCAPABLE OF ADAPTABILITY OR PLIABILITY. THE TRUTH IS OUTSIDE OF ALL FIXED PATTERNS.” – BRUCE LEE In today’s ACFCS Fincrime Briefing, FATF issues long-awaited crypto AML recommendations, Chinese banks resist U.S. sanctions probes, subpoenas, face being locked out of American market, and more. Please enjoy this unlocked story, […]