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Monthly Archives: December 2022

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  Blog

Anatomy of a Crypto Hack: Digital Funds, Real-World Consequences

December 16, 2022 by Verafin

While cryptocurrency exists in a digital space, criminals leveraging crypto can have a significant impact on the traditional financial industry. Tracking the flow of funds across blockchain to fiat is essential for finding the perpetrator of these crimes – and... 

  Blog

Keeping your Crypto Company Compliant: The Need for Consolidated Sanction Solutions

December 6, 2022 by Verafin

Cryptocurrency has developed an increasingly prominent role in the global economy. The perceived pseudo-anonymity of blockchain transactions and an evolving regulatory landscape has emboldened criminals to leverage cryptocurrency in attempts to evade sanctions. The Office of Foreign Assets Control (OFAC)... 

  Blog

Counterparty Resolution Provides a Complete View of Your Customer

December 5, 2022 by Verafin

Fundamentally, AML investigations seek to resolve the question of where money is coming from and where it goes. Examiners strive to identify, evaluate, and report all suspicious activity. The FFIEC’s overview of suspicious activity states a suspicious transaction can include... 

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