Argos KYC News & Insights
FATF Plenary: Updates on Risk Countries and Anti-Money Laundering Measures
The Financial Action Task Force(FATF) is an international financial crime watchdog who oversees money laundering and terrorist financing. FATF establishes international standards for preventing money laundering and terrorist financing and reviews member states that...
UK’s new AML Regulations for 2020
Last year, the Financial Action Task Force (FATF), the global anti-money laundering (AML) watchdog, updated its guidance for developing a legal framework for virtual assets and VASPs, virtual asset service providers. The FATF has called for rapid implementation of...
New Client Announcement: Argos X Dove Wallet
Argos is excited to introduce our new client, Dove Wallet! Dove Wallet is a global crypto wallet service known for its daily bonus policy. Dove Wallet distributes a portion of the collected trading fee to its users as daily bonus. The bonus depends on the user’s total...
EU 5th Anti-Money Laundering Directives
BackgroundThe Fifth Anti-Money Laundering Directive, effective as of January 10, 2020 is part of the European Union’s effort to strengthen AML regulations.The 5th AMLD is… To enhance transparency by setting up publicly available registers for companies, trusts and...
The Year in Review and 2020 Regulatory Timelines
2019 has been an eventful year for the cryptocurrency industry and its regulators. A lot of laws and regulations regarding anti-money laundering have been introduced, and you might be wondering how they will impact your business in 2020. Here are a few things you...
U.S Treasury’s Financial Crimes Enforcement Network Calls for Beneficial Ownership Registry
During the corporate customer onboarding process, identifying the natural person who has the ultimate ownership of the company is a must. Retrieving ultimate beneficiary information is always the most time-consuming part in processing corporate KYC. Photo by U.S....
US Treasury- FinCEN “Anti-Money Laundering Regulations Also Apply to VASPs”
The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Virtual Asset Service Providers (VASPs) should abide by Anti-Money Laundering (AML) laws just like all other corporations. On Nov. 15, Reuters reported that Director...
New client announcement: ARGOS X Probit Exchange
ARGOS is excited to welcome a new client: Probit Exchange. Probit, a world-class trading engine offers one of the fastest processing capacities of 1,500,000 orders matching every second. With its enhanced security to protect virtual assets, Probit provides a...
FATF Evaluation Result: Updates on Jurisdictions with Strategic AML Deficiencies
On an ongoing basis, the FATF reviews and identifies jurisdictions that pose a risk to the international financial system. The FATF calls on the subject jurisdictions to implement action plans within the proposed timeframes and monitors them. At the FATF Plenary in...