Huobi, one of the world’s largest cryptocurrency exchanges, has received a low rating in a recent industry evaluation of compliance practices. The evaluation, conducted by VAF Compliance, assessed the AML (anti-money laundering) and KYT (know your transaction) procedures of various exchanges, and Huobi received a score of only 50 out of 100. It is important […]
VAF Compliance is honoured to announce partnership with DMCC Crypto Centre for KYC/AML Compliance Assistance. We are thrilled to partner with DMCC Crypto Centre, a leading crypto ecosystem in the UAE, to provide KYC/AML compliance assistance to its members. VAF Compliance is dedicated to helping the crypto industry navigate the complex regulatory space and ensuring […]
VAF Compliance is thrilled to announce its recent membership with CMIC Global, marking a significant milestone in its commitment to enhancing crypto market integrity best practices and standards development within the Virtual Assets industry. This collaboration with CMIC Global is poised to empower VAF Compliance in broadening its service offerings and delivering enhanced support to […]
In the rapidly evolving cryptocurrency landscape, compliance is crucial, especially for large-scale transactions. Recently, our CEO and co-founder, Gilson Costa, shared insights in an interview with Crypto Insight on how we help individuals and businesses tackle the challenges of crypto compliance. Here’s a brief look at that discussion. Bridging the Gap Between Crypto and Traditional […]
The FATF Travel Rule, also known as Recommendation 16, was released by the Financial Action Task Force (FATF), an organization that leads global action to tackle money laundering, terrorist and proliferation financing. The rule requires financial institutions and cryptocurrency companies, known as Virtual Asset Service Providers (VASPs), to collect personal data on participants exceeding 1,000.00 […]