The legalization of virtual assets in Ukraine can become a stimulus for the development its economy. FATF and other anti-money laundering organizations are moving very quickly towards transparency control over assets. is cooperating with international financial institutions that combat money laundering. purpose this article to conduct research aimed at establishing specifics existing state mech...

Many proposed payment systems allow the payer to remain anonymous during a transaction. However, this unconditional privacy protection could be misused by criminals, e.g. for blackmailing or money laundering. With a fair payment system, anonymous payments are still possible, but the anonymity can be removed with the help of a trusted party which need not be involved in the transaction itself. I...

Cryptography has been instrumental in reducing the involvement of overhead third parties in protocols. For example; a digital signature scheme assures a recipient that a judge who is not present at message transmission will nevertheless approve the validity of the signature. Similarly, in oo-line electronic cash the bank (which is oo-line during a purchase) is assured that if a user double spen...

Advances in information technology have the potential to make anti-money laundering more efficient and successful. It is a serious crime that can significant impact on global economy, as it allows criminals profit from their illicit activities evade detection by law enforcement agencies. Technologies help identify suspicious activity detect patterns may indicate money laundering. This financial...

Purpose This paper aims to examine the validity of a state’s prohibition on virtual assets in context its global commitment battle against money laundering. Design/methodology/approach was empirical legal research exploring how general lack expertise apply risk-based approach anti-money laundering strategies might have implications for invoking Financial Action Task Force (FATF) exclusion provi...

Money laundering offences have becoming important issues worldwide. Within the accounting fraternity, discussions involved an issue related to low level of compliance by professional accountants towards anti-money regime in Malaysia. In context this study, refers both legislative requirements Anti-Money Laundering, Anti-Terrorism Financing and Proceeds Unlawful Activities Act 2001 (AMLA 2001) i...

In the wake of the September 11, 2001, terrorist attacks on the United States, the UN Security Council passed a resolution targeting transnational sources of terrorist funds. At least one offshore Islamic bank was shut down, and American officials, ignorant about Islamic finance, viewed any “Islamic” bank with heightened suspicion. The Bush Administration targeted Al-Baraka in particular, confu...