AMLBot Team - AMLBot Blog (Page 2)

AMLBot Team

How to Avoid AML And KYC Penalties and Fines

How to Avoid AML And KYC Penalties and Fines

Financing criminal operations and laundering their proceeds are events that take place often despite legislation present to prevent their occurrences. Criminals are finding gaps left while securing financial systems, using them to move illegal funds through. The flow of such funds ultimately ruins the integrity of the systems and institutions

The Role of Customer Due Diligence in AML and KYC Compliance

The Role of Customer Due Diligence in AML and KYC Compliance

The financial industry is a heavily regulated with numerous laws governing its operations. Some regulations are designed to safeguard customer interests. In contrast, others are devised to keep tabs on the movement of funds to prevent illegal activities like money laundering, terror financing, and more. As stringent Anti-Money Laundering (AML)

Introducing Mode Selection

Introducing Mode Selection

We are excited to announce the launch of a new feature that allows users to select their preferred mode of AML checks. This enhancement is available to personal account users through both our Web Dashboard and Telegram bot, as well as through an API Integration. Three Modes of Operation Users

Восстановление криптовалюты: гайд по возвращению цифровых активов

Восстановление криптовалюты: гайд по возвращению цифровых активов

Потеряли цифровые активы? Не отчаивайтесь — наш гайд проведет вас через все необходимые шаги, чтобы вернуть украденные средства быстро и безболезненно. Украли криптовалюту? Неудивительно. Децентрализованная природа криптовалют и анонимность, которая им присуща, делают этот рынок мишенью для мошенников. С каждым годом они разрабатывают все больше новых и изощренных схем кражи цифровых

The Most High-Profile Crypto Fraud Cases and What We Can Learn from Them

Cryptocurrency facilitates a novel and alternate financial system that brings several benefits, like inclusivity, integrity, and overcoming censorship. However, the same factors that breed such benefits can be responsible for the shortcomings of this industry. The pseudo-anonymity and the lack of familiarity with cryptocurrency usage make it a hotbed for

What Are Cryptocurrency Investigations and Why Are They Necessary?

What Are Cryptocurrency Investigations and Why Are They Necessary?

Cryptocurrencies have a prominent role to play in the modern financial world, and crypto investigations are the key to keeping them safe and secure. The use of digital assets is increasingly widespread, with the number of crypto users increasing by 60 million in the second half of 2022, and it

How Not to Become a Victim Of Fake Websites – AMLBot's Experience

How Not to Become a Victim Of Fake Websites – AMLBot's Experience

The cryptocurrency industry is known to make it to the news cycles frequently because of negative happenings like hacks and attacks. As a result, several cryptocurrency users face situations where their funds get depleted from their wallets. Unfortunately, it is only in the aftermath of their loss that most realize

How to Get a Crypto License for Your Business: A Complete Guide

How to Get a Crypto License for Your Business: A Complete Guide

In the face of unclear regulations and shifting legislation, obtaining a crypto license may seem daunting. Although there may be challenges involved, applying for a license is a vital step to ensuring that your company complies with national or state requirements, operates legally in your jurisdiction, and earns the loyalty

kak poluchit kriptolicenziyu

Крипто лицензия: для чего нужна и как получить?

В условиях нечетких правил и меняющегося законодательства получение лицензии на криптовалюту может показаться сложной задачей. Несмотря на то, что могут возникнуть проблемы, подача заявки на лицензию является жизненно важным шагом для обеспечения того, чтобы ваша компания соблюдала национальные или государственные требования, работала на законных основаниях в вашей юрисдикции и заслужила

AML And KYC – Key for Crypto Adoption

AML And KYC – Key for Crypto Adoption

Decentralized ledger technology (DLT), more commonly referred to as the blockchain, was first introduced by Bitcoin, making it possible to transact value without the need for intermediaries. Similarly, among several other characteristics, blockchain users transacting cryptocurrencies remain pseudonymous. Identified by wallet addresses that are strings of alphanumeric characters, it can

How Cryptocurrency Is Used In Darknet

How Cryptocurrency Is Used In Darknet

Cryptocurrency is replacing fiat money in several aspects. It was first introduced as a digital currency to replace fiat and aid individuals in peer-to-peer transfers by eliminating centralized entities that hold people's money and oversee their transactions. Crypto users get complete control over their funds and a greater

MiCA and the Main Requirements of the New Crypto Regulatory Framework: A Guide for Crypto Businesses

MiCA and the Main Requirements of the New Crypto Regulatory Framework: A Guide for Crypto Businesses

The Markets in Crypto assets regulation (MiCA) was approved by the European Council on October 5, 2022. MiCA regulation will come into force in the middle to the end of 2024, and once it does, it will establish a harmonized framework governing the crypto industry in the European Union. At

How to Open a Bank Account for a Crypto Company

How to Open a Bank Account for a Crypto Company

Setting up a bank account for a crypto company sounds like a simple task, but in reality, it can be time-consuming and complex. As cryptocurrencies have become more mainstream, some banks have begun to extend their services to crypto companies. In contrast, others have steered clear of what they view

Why Do Hackers Attack Crypto?

Why Do Hackers Attack Crypto?

The crypto industry is witnessing several hacks lately to the tune of hundreds of millions of dollars. The untoward events are increasing in frequency with the rise of the industry's popularity. With more sophisticated applications and platforms deployed, hackers are finding ways to capitalize on vulnerabilities. While users

FATF Crypto Travel Rule – What Is It?

FATF Crypto Travel Rule – What Is It?

Criminal activity around the world is at an all-time high. Criminal enterprises bring in billions of dollars in revenue each year. Monetary incentives are needed to keep criminals motivated and illegal activities going. Therefore, preventing the flow of crime-related funds and identifying the actors behind the funds are necessary to

How To Identify Whether A Crypto Project Is A Ponzi Scheme

How To Identify Whether A Crypto Project Is A Ponzi Scheme

Cryptocurrency is now a popular investment class, and every investor wants a piece of the action. Their ability to net large profits in short intervals makes them a good proposition for investing funds. However, such profits come with high risks. Therefore, investors with large risk appetites and money to spare

How a Crypto Asset Recovery Service Can Reclaim Your Lost Funds

How a Crypto Asset Recovery Service Can Reclaim Your Lost Funds

When disaster strikes and cybercriminals vanish with your cryptocurrency, having access to a reputable crypto asset recovery service is critical. In the past two years, people have lost more than $1 billion in crypto scams, and many of those victims will never see their funds again. Crypto is an exciting

Introducing Updated B2B Packages

Introducing Updated B2B Packages

As the new year approaches, AMLBot is pleased to announce updates to our business packages. These updates are designed to assist businesses in staying compliant and efficiently tracking transactions, ensuring that they have the tools they need to succeed in the coming year. Transition to Subscription Model The Premium Plan,

Why Crypto Forensics and Asset Tracing Are Essential to a Secure Marketplace

Why Crypto Forensics and Asset Tracing Are Essential to a Secure Marketplace

Potential crypto investors who are concerned about risking their funds in an unregulated marketplace should take heart in the advancement of crypto forensics. In recent years, the use of blockchain forensics tools has proven extremely effective at crypto asset recovery. This is a critical step toward establishing a more secure

White Hat Hackers: Who Are They, And Why Do We Need Them?

White Hat Hackers: Who Are They, And Why Do We Need Them?

The ability to bring business online is one of the most crucial benefits of the internet to trade and commerce today. Websites, applications, and software are making life convenient for all. With the massive number of people using the internet for various purposes, a lot of money and data flow

Crypto Security Guide: How to Keep Your Assets Safe

Crypto Security Guide: How to Keep Your Assets Safe

Cryptocurrency has forever changed the face of financial transactions, but crypto security is still catching up with other aspects of the industry. Criminals have capitalized on this lag and made big money, and the problem continues to grow. Hackers stole nearly $2 billion worth of cryptocurrency in only the first

Why Tron Network Transaction Verification Could Save You Millions of Dollars ?

Why Tron Network Transaction Verification Could Save You Millions of Dollars ?

The United States Dollar has been experiencing depreciation for decades, but the year 2020 started a spiraling chain of events that hammered at the global reserve currency’s exchange rate and purchasing power. The coronavirus pandemic launched into motion a global economic paralysis scenario that saw the depreciation of national

AML and CFT Compliance for Crypto Companies

AML and CFT Compliance for Crypto Companies

Cryptocurrency is sometimes regarded as a risky business because of shifts in the market, but the bigger concern may actually be AML and CFT compliance. Regulators around the world have turned their gaze to the power of virtual currencies, and it's imperative for crypto companies to put the

The creators of the SheriFF Systems scam token have launched a new project

The creators of the SheriFF Systems scam token have launched a new project

The specialists at AMLBot conducted an investigation of the new Cezar Hard Fork token scam project, which was recently deployed on the Binance Smart Chain. On November 14, the Cezar Hard Fork project held a token sale, with transactions being conducted using the smart contract under the 0x33951CD588D386c4b5Cfd23AEe0960c0438cD315 address, which

Binance processed $7.8 Billion worth transactions for Iranian crypto exchange Nobitex despite US sanctions

Binance is a leader in global cryptocurrency exchange services. Being a centralized exchange, it operates legally in several jurisdictions where it was granted the license to conduct its business. Regulatory oversight tries to keep crypto trading venues, like Binance, in check, keeping them from indulging in risky behavior with user