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AML Compliance.
Review of Nigerian Money Laundering (Prevention and Prohibition) Act, 2022.
Nigeria forbids the practice of money laundering either with Fiat or Virtual Assets as seen in the Nigerian Money Laundering (Prevention and Prohibition) Act, 2022. A&D Forensics is committed to...
AML Compliance.
The Need For KYC and Identity Verification For Start-ups
As start-ups penetrate the African market at large, the need to perform KYC and verify customers identity becomes crucial. Therefore, no matter what the business domain is, every virtual enterprise...
AML Compliance.
3 Ways Compliance as-a-Service (CaaS) Can Help Your Cryptocurrency Start-up
Compliance-as-a-Service (CaaS) providers can help ensure your cryptocurrency start-up adhere to AML laws while saving you the time and money often required to maintain compliance in the...
Press Release.
Tornado Cash Mixer Sanctioned By OFAC
On Monday, August 8, 2022, the United States Office of Foreign Assets Control (OFAC) added Tornado Cash Mixer to its Specially Designated Nationals (SDN) List. Over 7 billion dollars have been...
Press Release.
Forsage Founders Charged By SEC For $300M Ponzi Scheme.
The SEC has been extremely clear on digital assets qualifying as securities if they pass the Howey test. Hence, Forsage Founders were charged by SEC for issuing securities and not registering with...
Press Release.
High-Risk Cryptocurrency Exchanges.
As a Virtual Asset Service Provider, Vasp, you are expected to comply with FATF Regulations. This simply keeps you safe and enables you to identify and avoid High-Risk Cryptocurrency Exchanges. The...
Press Release.
NFT Scams and Fraud: 3 NFT Risk Categories+ how to report an NFT Fraud.
Always confirm the currency you transact with before concluding NFT transactions. This prevents you from being a victim of NFT bidding scams.
As a project builder, audit your smart contracts to...
Press Release.
Hydra Darknet Market Shut Down!
Hydra darknet market was shut down by Germany’s Federal Police on Tuesday, April 5, 2022. Shortly after, a Russian resident was indicted by the Department of Justice on conspiracy charges related to...
AML Compliance.
UAE Implements New Virtual Asset Regulatory Law, VARA
The Dubai World Trade Centre’s board of directors will establish an Act against offenders.The Act will include possible fines to be imposed on offenders. Meanwhile, VARA is permitted to take actions...
AML Compliance.
Enhanced Due Diligence For Cryptocurrency Exchanges, MSBs and VASPs
Enhanced Due Diligence, or ‘EDD, is necessary to protect Money Service Businesses (MSBs), Virtual Assets Service Providers (VASPs), and Cryptocurrency Exchanges from financial crimes such as money...
AML Compliance.
OFAC Guidance On Having a Compliant Cryptocurrency Exchange
OFAC through the OFAC guidance wants all companies, exchanges involved in the digital asset industry to adopt an SCP and also document their efforts adequately when creating and implementing SCPs.
