AMLBot Team

Estonia Crypto License: Compliance Requirements and How to Avoid Revocation in 2026

Estonia Crypto License: Compliance Requirements and How to Avoid Revocation in 2026

Estonia has shifted from a permissive crypto jurisdiction to a regulated environment where strict compliance and economic substance are paramount. As the FIU (Financial Intelligence Unit) intensifies its supervisory approach and the implementation of MiCA (Markets in Crypto-Assets Regulation) continues to raise baseline regulatory standards, crypto businesses operating in Estonia

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

What is DeFi and how to protect your cryptocurrencies?

What is DeFi and how to protect your cryptocurrencies?

The world changes every day. Today, new alternative types of financial platforms appear. They are based on blockchain and provide their users with a huge number of new abilities while allowing them to avoid the involvement of third parties. This one provides users with more freedom. If you don’t

Why are cryptocurrencies so attractive for criminals, and how to fight against this?

Why are cryptocurrencies so attractive for criminals, and how to fight against this?

Today, cryptocurrencies are very often used in crimes and money laundering. Let’s consider why cryptocurrencies are so attractive for crimes and how they are used in money laundering. In addition, you will find out how to protect your cryptocurrency from “dirty money”. Cryptocurrencies are very often involved in money

An another branch of crypto regulation: alternative solutions

An another branch of crypto regulation: alternative solutions

According to the threat of new cryptocurrency regulations, one of the biggest decentralized exchanges Uniswap stopped trading certain tokens. However, the main fear and stress in the cryptocurrency world are about the first version of tax compliance requirements proposed by the United States Senate. Current crypto-related policies and regulations fall

“Dirty” cryptocurrencies: what are the risks and how to protect yourself from “dirty” money

“Dirty” cryptocurrencies: what are the risks and how to protect yourself from “dirty” money

According to the statistics, around 40 % of BTC transactions are illegal. “Dirty” cryptocurrencies are unsafe for their owners even if they are not involved in any illegal operations. In this article, you will get to know what “dirty” cryptocurrencies mean, what risks they can cause, how not to become a

How to be confident in the purity of your transactions: from fiat to crypto

How to be confident in the purity of your transactions: from fiat to crypto

Whether you are an owner of a crypto startup or manage a traditional business, you need to pay attention to this guide on how to protect your business and assets. Let’s find out what is the best way to protect your assets and what services to use for this.

AMLBot's Statement Regarding Antinalysis' Usage of API

AMLBot's Statement Regarding Antinalysis' Usage of API

LONDON ⎯ AMLBot, the full-fledged crypto compliance solution, today announced that action had been taken in response to a warning that its APIs are likely being used by Antinalysis. Antinalysis is a blockchain analytics tool that allows users to check bitcoin addresses for links to illegal activities. AMLBot immediately blocked Antinalysis&

The Crypto Travel Rule: from challenges to solutions

The Crypto Travel Rule: from challenges to solutions

As you know, the European Union announced new rules of control for cryptocurrency transactions on 20 July 2021. This policy is intended to enhance a control above crypto transactions requiring the identification of the originator and recipient. The main purpose of AML policy is to fight against money laundering and

Hydra transaction volume grew to $1.4 billion in 2020. What’s next?

Hydra transaction volume grew to $1.4 billion in 2020. What’s next?

The task of the Amlbot team is to protect its customers from the risk of blocking associated with receiving funds that have been on Hydra. First time with us? You can check your transactions for free in the web version or in the telegram bot The Russian market, which sells