
A&D FORENSICS WEEKLY BRIEF APRIL 15, 2022
This week’s brief covers news on the 3CS Training, IMF Research on Crypto Usage, ETH dev. sentenced to 63 months in jail and lots more…
We trace, investigate blockchain and cryptocurrency related frauds, scams, ICO frauds and exit scams. We help our customers stay compliant by avoiding the murky waters of blockchain and cryptocurrency.
We monitor solutions that help
banks spot their crypto exposure.
We improve your security, know your
users in depth, track funds flow.
We spot trends and regulate the virtual asset service providers in your jurisdiction.
This week’s brief covers news on the 3CS Training, IMF Research on Crypto Usage, ETH dev. sentenced to 63 months in jail and lots more…
This week’s brief covers news on the hydra darknet market shutdown, Bet9ja website hack, NBA embracing Blockchain / Cryptocurrency and lots more…
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 avoid giving opportunities for scammers to exploit your project.
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 the Hydra market.
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 against individuals who do not comply with the UAE Regulatory Law by VARA. The offenders could be fined or have their permit suspended for not more than six months.
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 laundering, terrorist financing, and proliferation financing using cryptocurrencies.
Bringing blockchain and cryptocurrency education to all levels of the Nigerian Law Enforcement organizations is critical. It’s the first step towards agencies being able to detect, trace and seize illegally obtained cryptocurrencies.
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.
According to FATF, many platforms claim to be decentralized, but their daily operations are managed by a person or organization. Hence, regulators are advised not to depend on a platform’s own attestations while interpreting and implementing the FATF Travel Rule widely.
Call Direct: +2348036180089 | +2349095503040
Call Direct: +2348036180089 | +2349095503040
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