Newsletter

May 2021 5th Edition

Featured Articles

Reasonable Methods in KYC Verification

The term KYC stands for “Know Your Customer” or “Know Your Client.” A method by which a company should confirm a customer’s identity in order to assess their authenticity and trustworthiness. Banks, insurance firms, and other financial institutions are the most likely to employ this method to verify the credibility of clients. In the 1990s, KYC was first implemented in the United States. Following the 9/11 attacks, the rules were tightened. The need for KYC has arisen as a result of the global nature

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Balkan money-laundering is booming 

The property market makes a good place to hide ill-gotten gains On May 12th, prosecutors in North Macedonia charged Nikola Gruevski, the country’s former prime minister, with money-laundering. It is alleged that he funnelled cash donated to his party through Belize to buy property illegally and conceal its ownership. He

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Study: Iran Using Crypto Mining To Evade Sanctions

Iran is using Bitcoin mining to evade crippling U.S. sanctions on its economy, according to a new study. Blockchain analytics firm Elliptic estimates that around 4.5 percent of global Bitcoin mining takes place in Iran, allowing the country to earn hundreds of millions of dollars in cryptocurrencies that can be

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