VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML ...
At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....
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Compliance, and Raising the FBAR. How to get your way, by giving in. Compliance regimes, by their nature are the auditing to a standard and the enforcement of rules of governance in a regulated environment. Compliance regimes will be found wherever there has been a third party harmed by activity outside of their control. Sometimes they are also found where businesses have attempted to erect barriers to entry into a market and have successfully lobbied for controls which they satisfy but may cause difficulty to smaller competition. There are compliance regimes for vast numbers of regulated....
Thousands of bitcoins have been stolen from users since the virtual currency started, and yet we can see all of these thefts happen, in real time, on the block chain. We know which addresses the stolen coins are sent to, and which ones they are stolen from. We can track the life of a bitcoin through the network. Why, then, can't we simply take those stolen coins out of commission? A UK-based digital forensic services firm, Systech, has begun offering a recovery service for lost and stolen bitcoins. The service is twofold: firstly, it will use its traditional forensic data recovery....
Coinify, a Denmark-based blockchain currency payment provider, has partnered with iSignthis Ltd., a remote identification and payment authentication service provider, to offer a new service connecting blockchain payments, identity verification and credit cards. The companies claim that for the first time, user identity will link to transactions to meet anti-money laundering (AML) requirements. iSignthis supports compliance with AML regulations through a secure and convenient process that preserves customer privacy. The service also verifies ownership of a payment card to prevent fraud....
Avalara has today added a bitcoin module to its AvaTax compliance engine. The company is one of the leading providers of cloud-based compliance solutions focused on sales tax and other transactional taxes. The first and only service provider to offer bitcoin functionality in a tax compliance platform, Avalara hopes the addition of bitcoin support will allow retailers, digital currency processors and wallet services to calculate sales tax and value added tax (VAT) in real-time. History of sticky compliance issues. Avalara senior director Webb Stevens said the company has a history of....
Coinbase CEO Brian Armstrong argues that privacy advocates could gain the most from compliance since it will make them rich. But could non-compliance be even more lucrative for Bitcoin? Compliance Will Make Who Rich? Armstrong defines compliance as “working with regulators, law enforcement, banks, etc.” and touts the fact that as much as 20% of Coinbase....