Project Crypto

What is AML Compliance Program?       Financial institutions are required to put in place an Anti-Money Laundering compliance program. This is done so they can combat financial crime and keep their customers safe from fraud, especially since it's a very lucrative business that criminals tend not only invest time into but also money too! An anti-money laundering program ensures that financial institutions are following all the regulations and procedures to prevent or detect potential money launderers.    With the implementation of anti-money laundering compliance programs, businesses need to be constantly vigilant. The United States' Bank Secrecy Act was amended by a variety or subsequently introduced legislation including USA Patriot Act and Fourth Anti-Money Laundering Directive in 2017 which comes with Fifth amendment scheduled for 2020. The AML compliance program is a crucial component to any financial institution. The right one can help you keep you...

  Ethereum is a public, open-sourced blockchain platform that allows users to write decentralized applications. In other words, Ethereum provides a decentralized virtual machine that employs the Turing-complete programming language to run scripts or intelligent agents in an environment protected from external interference or hacking. If you are not familiar with what Ethereum is, it's a public blockchain infrastructure that supports the development of decentralized applications. The way Ethereum works will fundamentally transform the way people do business online because it gives people access to secure methods for establishing ownership of property, interacting with one another in the virtual world, and building trust in transactions without needing an intermediary or central authority. What are dapps and how it works? Dapps are decentralized applications that function with the use of smart contracts on blockchain networks. The functionality of these apps is not controlled b...

  Cryptocurrencies are flourishing, with the rise of blockchain technology facilitating their spread. Cryptographic algorithms protect these crypto assets from central bank authority and allow them to circulate without any need for a financial system that relies on such oversight; this makes cryptocurrencies disruptive forces in traditional finance - traded across exchanges worldwide by criminals searching for anonymity or laundered through legitimate transactions as well-intentioned acts slip through regulatory cracks. In 2019, criminals laundered around $2.8 billion in Bitcoin through cryptocurrency exchanges an increase over 2018's figure by a whopping 1%. This trend has prompted global regulators who have responded with new AML/CFT laws applicable to service providers of cryptocurrencies such as the one recently implemented from Japan that requires exchanges to register themselves and report any suspicious activity - leading them towards more transparency than ever before! ...