AMLBot Academy

If you’ve spent time researching the dark web, you’ve likely come across the name “Ross Ulbricht.” Many know him as the founder of the popular dark-web marketplace, the Silk Road, but most don’t know the whole story. Learning about Ulbricht’s infamy and why he was given

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

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

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)

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

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

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

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

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.

The cryptocurrency was born with the philosophy of removing the central authority and giving power to the users. The recognition of the crypto assets by governments brings the question about paying taxes to these central authorities back on the table. What are the most important tax implications when it comes

Despite the growing popularity of cryptocurrencies and blockchain, investors often face challenges that are not typical within the traditional economy. Trend uncertainty, volatility, and price fluctuation prevent many players from making long-term investments in BTC, Ethereum, and other popular cryptocurrencies. Robust price changes make the area of cryptocurrencies a second-rate

It’s never been easier to buy crypto, but it’s also never been harder to stay on top of all the tax law and regulations. Here, we’ll guide you through the first steps of getting your crypto clearances in place, as well as how to make sure you’

Nowadays, anti money laundering programs are necessary to follow for every enterprise that deals with finances. There are a number of guidelines that regulate the area for AML activities. Failure to comply with these security policies and principles will lead your business to undermined trust and harmful sanctions from regulators.

Money and financial gain is always the main motive for fraud. Recently, the Fenergo data supplier company has released a report summarizing the biggest cases of scamming in 2020. Their analysis of safety issues found on platforms they operate revealed that the amount of fines for privacy issues increased by

Creators of first cryptocurrencies had the intention to create a new means of payment for use by the general public. However, the early day coins have not evolved into a new means of payment or store of value, but have served more as a highly speculative asset class for certain