The Financial Action Task Force (FATF) has demanded strict know-your-customer procedures for all small digital asset sales, bringing an end to anonymous crypto exchanges, which can be used for money laundering and terrorism financing. “In cases where a [Virtual Asset Service Provider] VASP carries out...
The buyer-supplier relationship is viewed as a strategic component of commerce, procurement, supply chain management and the overall success of a business. Yet, the needs of both buyer and vendor are changing as supply chains globalize, and as transactions become more complex — and those...
The Finance Committee in France released a report that calls for the ban of certain cryptocurrencies that enable anonymous transactions. “We must be aware of the problems that [cryptocurrencies] can pose in terms of fraud, tax evasion, money laundering or fraud, or energy consumption,” said...
In 2016 hackers were able to steal about $21 million from accounts held at Bank of Russia, and this year attacks on banks around the globe are likely to get worse now that hacker group Anonymous has joined the effort. According to a report in...
February 25, 2022
Hacking collective Anonymous has declared a “cyber war” against Russia in response to Russia’s actual war in Ukraine. According to multiple published reports Friday (Feb. 25), the group announced its intent on Twitter shortly after Russian forces began their push into Ukraine. “The Anonymous collective is officially in cyber war against the Russian government,” the […]
June 25, 2019
The Financial Action Task Force (FATF) has demanded strict know-your-customer procedures for all small digital asset sales, bringing an end to anonymous crypto exchanges, which can be used for money...
March 20, 2017
In 2016 hackers were able to steal about $21 million from accounts held at Bank of Russia, and this year attacks on banks around the globe are likely to get...
June 07, 2016
In May, hacktivist group Anonymous warned multiple financial institutions that it was going to take them down as part of Operation Icarus. Late last week, on Thursday (June 2), the London...
