AMLBot Team

What to Expect from Current and Future U.K. Cryptocurrency Regulations

What to Expect from Current and Future U.K. Cryptocurrency Regulations

Cryptocurrency has opened the doors to innovation and new forms of investment, but it has also created an environment that is vulnerable to scams and fraud. In the U.K., work is underway to establish cryptocurrency regulations that will help protect consumers and stabilize the market. Over the past two

Binance partnership with Mastercard, Security Crisis in Crypto Industry and Other Late-August News

Binance partnership with Mastercard, Security Crisis in Crypto Industry and Other Late-August News

The Crypto industry faces a new security crisis. After the Tornado Cash and Solana cases, a lot of crypto and tech fellas are afraid to keep their money in digital assets. Meanwhile, Binance continues its expansion and is fighting hackers that are already using deep fakes to impersonate the company’

Analysis of Dubious Alpha Stocks Market Exchange

Analysis of Dubious Alpha Stocks Market Exchange

The AMLBot team conducted an in-depth investigation of the Alpha Stocks Market exchange project by analyzing the company’s website and its traffic. The team also took into account all mentions of the company across online space, including reviews, as well as the individuals who were indicated on the site

Is 2022 the Year of Crypto Regulations?

Is 2022 the Year of Crypto Regulations?

The economic instability wrought by the COVID-19 pandemic also generated an uptick in the collectibles investment markets—including virtual assets. As governments and international bodies like the FATF move to catch up with modern trends, they have begun implementing regulatory practices on virtual assets like cryptocurrencies and virtual asset service

Big Crypto Frauds in Netherland, USA and South Korea. Elon Musk Gets Sued for $250+ Million and Other Latest Crypto News

Big Crypto Frauds in Netherland, USA and South Korea. Elon Musk Gets Sued for $250+ Million and Other Latest Crypto News

The bigger the crypto industry gets, the more interesting cases of fraud we see. This week was full of regulations (again!), Elon Musk (again!!), and scams and frauds that involved big companies. Some of them were more “wolf in sheep’s clothing” type of fraud, while some openly scam their

Ethereum DeFi Exchange Curve Finance Suffers Frontend Hack

Ethereum DeFi Exchange Curve Finance Suffers Frontend Hack

The Curve Finance DeFi exchange suffered a hack recently, which led to the cybercriminals making away with over $570,000 in Ethereum equivalent. Nevertheless, some of the funds from the stated amount were frozen before the company announced that it had fixed the breach. The AMLBot team decided to conduct

Don’t Believe the Hype: Six Red Flags of Crypto Businesses

Don’t Believe the Hype: Six Red Flags of Crypto Businesses

Do you find a promising crypto project but aren’t sure if it’s a good case or a scam? Check it for 6 points of suspiciousness. Otherwise, you can go from riches to rags. Yes, some scams can cost you a whole fortune, so double-check every potential project!If

Positives Of Crypto Regulation

Positives Of Crypto Regulation

Significant changes in the cryptocurrency world have become a primary issue in the financial world in 2022: the fight against fraud, enormous losses, and new regulatory rules. In this article, we’ll break down all the changes in detail. Current situation This current state of affairs is disappointing: regular account

Легко получить лицензию и сложно начать бизнес. Рекомендация 2

В продолжение нашей серии статей на тему «Как не потерять криптолицензию в Эстонии» Николай подготовил вторую рекомендацию. Вы можете прочитать первую рекомендацию здесь и о том, почему Николай является экспертом в этой области, здесь. Вторая рекомендация связана с юридическим требованием, изложенным в Законе Эстонии о предотвращении отмывания денег и финансирования

Fantastic Scam Chronicles – A Look At OneCoin, Thodex, PudgyPenguins and SquidGame Token

Fantastic Scam Chronicles – A Look At OneCoin, Thodex, PudgyPenguins and SquidGame Token

The list of scams is long and horrifying to read, but some degenerates truly stand out for their deviousness and ingenuity. That sad lineup includes such wretches as OneCoin, Thodex, PudgyPenguins and the SquidGame Token. This foursome of thieves will be the subject of our today’s review article. Brace

Tesla sold 75% of its Bitcoin reserve: what does it mean for the crypto industry?

Tesla sold 75% of its Bitcoin reserve: what does it mean for the crypto industry?

On July 27, 2022, Tesla Motors sold more than 70% of its Bitcoin holdings. It helps them convert almost 1 billion dollars ($936 thousand) in less than one week. So now the company will have more money to produce and market new cars. Elon Musk is widely known as a

Coinbase faces SEC probes: should we wait for more restrictions in 2022?

Coinbase faces SEC probes: should we wait for more restrictions in 2022?

The US Securities and Exchange Commission received new anonymous insights that led to the new Coinbase agency`s investigation. At the current time, this platform trades more than 159 crypto tokens. If those products were deemed securities, the firm would need to register as an exchange with the SEC. But

Latest Breaking Crypto News: $2 million investment from a UK bank, Coinbase and SEC fights, bitcoin’s fall because of Elon Musk, and an explanation of AML rules.

Latest Breaking Crypto News: $2 million investment from a UK bank, Coinbase and SEC fights, bitcoin’s fall because of Elon Musk, and an explanation of AML rules.

Hi! To keep you up to date with all the latest news, but without wasting a lot of time, we’ve collected a quick round-up of the week’s highlights. SEC accuses ex-Coinbase manager of the abuse of power, the crypto service help them in the investigation The SEC is

What are AML Regulations for Cryptocurrency?

What are AML Regulations for Cryptocurrency?

The role of cryptocurrency exchanges in the global financial system continues to increase. However, the anonymous nature of these transactions poses a risk to financial markets, since they facilitate the movement of funds generated by criminal activity. Most cryptocurrency exchanges now enforce Anti-Money Laundering (AML) regulations for this reason. Investing

How the FATF Will Regulate Crypto

How the FATF Will Regulate Crypto

The intergovernmental body, Financial Action Task Force (FATF), has been combating global money laundering since 1989. Beginning in 2018, FATF made efforts to level the playing field in the cryptocurrency and virtual asset service provider (VASP) spaces. The FATF standards will look to apply similar safeguards to virtual assets (VAs)

Binance’s New Era in Europe. The Spanish subsidiary is recognized by VASP.

Binance’s New Era in Europe. The Spanish subsidiary is recognized by VASP.

Binance Moon Tech Spain, S.L. are officially considered VASP – the decision of the National Bank of Spain. Following France and Italy, the Bank of Spain has officially registered its Spanish subsidiary Binance Moon Tech Spain, S.L., as a VASP. The registration signifies that the Bank of Spain has

Latest Breaking Crypto News: $8M Theft, Binance Expansion, How To Choose an Exchange, and more. What have you missed in a week?

Latest Breaking Crypto News: $8M Theft, Binance Expansion, How To Choose an Exchange, and more. What have you missed in a week?

Hey! We know that you are struggling with knowledge and the breaking news! We bring you the latest news and the biggest surveys, published this week, so you can save your time! Binance continues its expansion in the European market Binance doesn’t quit attempts to become the most fast-growing

Uniswap Liquidity Providers Hit for $8.6M in Phishing Scam

Uniswap Liquidity Providers Hit for $8.6M in Phishing Scam

This Monday (July, 11) Uniswap liquidity providers have fallen victim to a phishing attack. That resulted in $8,6 million losses worth in different crypto assets. Hacker targeted more than 7 000 Ethereum addresses. They tricked victims into approving malicious transactions by a fake UNI airdrop link on a website

P2P Trading Scams

P2P Trading Scams

n AMLBot, we receive many investigation requests regarding scams in P2P trading. So we decided to share a real case to demonstrate how one of the most common fraud schemes works. Usually, it has three sides participating in the scheme: the victim, the scammer, and the exchanger. Story description Our

New AML rules

🇪🇺 Meet our digest on new rules to stop illicit crypto flows in the EU 🇪🇺 The EU has reached a deal on the new AML rules, which has great importance for the crypto market. The negotiations’ focus was on handling transfers from CASPs (Crypto Asset Services Providers, e.g. exchangers) to/

Collapse of the Terra Ecosystem

Collapse of the Terra Ecosystem

As many of you know, TerraUSD (UST), an algorithmic “stablecoin” created by Terraform Labs, crashed this week. Designed to maintain a peg to the US dollar, the value of 1 UST fell from $1 to a low of only $0.0004699, resulting in billions of dollars in losses to UST

Keeping it Clean, or how to comply with AML in DeFi

Keeping it Clean, or how to comply with AML in DeFi

In March 2021, the global anti-money laundering body FATF (Financial Action Task Force), consisting of 37 county members, has published a draft regulation for virtual asset service providers (VASP). The focus of the published guidance is on the non-fungible tokens (NFTs) and Decentralized Exchanges (DEXs), which highlights how the regulators

AMLBot Partners with Good Crypto to arm its Community with the best trading tools!

AMLBot Partners with Good Crypto to arm its Community with the best trading tools!

Good Crypto multi-exchange trading app, in order to provide you with the most advanced Trading & Analytics tools on the market for free. In the past couple of years, the cryptocurrency market has instantly increased, allowing digital assets to attract more investors and preparing us for even bigger growth. The

The mass adoption of cryptocurrencies will encourage the integration of AML services in the payment systems

The mass adoption of cryptocurrencies will encourage the integration of AML services in the payment systems

One of the most famous payment systems worldwide is going to integrate cybersecurity solution CipherTrace to verify digital assets. As a result, this solution will help the payment system users apply cryptocurrencies according to the financial regulatory provisions. Ajay Bhalla, the head of the Mastercard Cybernetics Department, said that the

Массовое распространение криптовалют способствует интеграции AML-сервисов в платежные системы

Одна из самых известных платежных систем в мире Mastercard собирается интегрировать инструмент кибербезопасности CipherTrace для проверки цифровых активов. В результате это решение поможет пользователям платежной системы использовать криптовалюты в соответствии с положениями финансового регулирования. Аджай Бхалла, глава отдела кибербезопасности Mastercard, заявил, что внедрение этого нововведения было вызвано ростом популярности криптовалют