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U.S Treasury’s Financial Crimes Enforcement Network Calls for Beneficial Ownership Registry

U.S Treasury’s Financial Crimes Enforcement Network Calls for Beneficial Ownership Registry

by Austin Mitchell Lewis | Jun 8, 2021 | Argos KYC News

During the corporate customer onboarding process, identifying the natural person who has the ultimate ownership of the company is a must. Retrieving ultimate beneficiary information is always the most time-consuming part in processing corporate KYC. Photo by U.S....
US Treasury- FinCEN “Anti-Money Laundering Regulations Also Apply to VASPs”

US Treasury- FinCEN “Anti-Money Laundering Regulations Also Apply to VASPs”

by Austin Mitchell Lewis | Jun 8, 2021 | Argos KYC News

The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Virtual Asset Service Providers (VASPs) should abide by Anti-Money Laundering (AML) laws just like all other corporations. On Nov. 15, Reuters reported that Director...
New client announcement: ARGOS X Probit Exchange

New client announcement: ARGOS X Probit Exchange

by Austin Mitchell Lewis | Jun 8, 2021 | Argos KYC News

ARGOS is excited to welcome a new client: Probit Exchange. Probit, a world-class trading engine offers one of the fastest processing capacities of 1,500,000 orders matching every second. With its enhanced security to protect virtual assets, Probit provides a...
FATF Evaluation Result: Updates on Jurisdictions with Strategic AML Deficiencies

FATF Evaluation Result: Updates on Jurisdictions with Strategic AML Deficiencies

by Austin Mitchell Lewis | Jun 8, 2021 | Argos KYC News

On an ongoing basis, the FATF reviews and identifies jurisdictions that pose a risk to the international financial system. The FATF calls on the subject jurisdictions to implement action plans within the proposed timeframes and monitors them. At the FATF Plenary in...
SEC, FinCEN and CFTC issue 3-party joint statement on digital assets

SEC, FinCEN and CFTC issue 3-party joint statement on digital assets

by Austin Mitchell Lewis | Jun 8, 2021 | Argos KYC News

Last week, the leaders of the Financial Crimes Enforcement Network (“FinCEN”), the Commodity Futures Trading Commission (“CFTC”), and the Securities and Exchange Commission (“SEC”) published a rare “Joint Statement on Activities Involving Digital Assets” to “remind...
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