AML/KYC | ForkLog

ForkLog 124 29.08.2025

When ‘clean’ is not enough

When exchanges freeze wallets that never received “dirty” funds—and how to reduce the risk.

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ForkLog 16 09.07.2025

New Zealand to Ban Bitcoin ATMs

New Zealand’s Deputy Minister of Justice, Nicole McKee, announced plans to completely ban cryptocurrency ATMs in the country as a measure against money laundering. According to her, such ATMs are actively used by drug traffickers. “We need a more sensible and flexible AML/FT system that will hinder criminals from laundering money. We will make it […]

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ForkLog 141 24.06.2025

Turkey Imposes Limits on Stablecoin Transfers and Withdrawal Delays

Turkey’s Ministry of Finance has drafted stringent regulations for cryptocurrency transactions to combat money laundering and financial crimes, as reported by local media. Crypto platforms will be required to collect detailed information on the origin and purpose of each transfer. Users must provide a transaction description of at least 20 characters for each operation. In […]

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ForkLog 24 12.06.2025

Hong Kong Authorities to Develop AML Tool for Cryptocurrencies

Hong Kong Customs has announced the development of a tool aimed at tracking cryptocurrency transactions linked to money laundering. This was reported by SCMP. The agency is collaborating with the University of Hong Kong to create the software. Mario Wong Ho-yin, Assistant Commissioner for Intelligence and Investigation at the Customs and Excise Department, expressed the […]

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ForkLog 12 21.05.2025

Russia Endorses Measures Against Digital Ruble Money Laundering

The Federation Council has approved a law extending AML regulations to participants of the digital ruble platform. On May 20, the State Duma passed the document in its second and third readings. Initially, the bill proposed centralized control over asset transactions by the Central Bank. In the final version, this control is shared between the […]

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BitOK’s AML service: what it is and how it works

ForkLog 81 08.04.2025

What Is the BitOK AML Service and How Does It Work?

Users can deploy AML tools from firms like BitOK to minimise risks when dealing with high-risk services and suspicious transactions.

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ForkLog 53 07.04.2025

Who is behind BestChange? The developer on anonymity, government requests and top assets

For all of BestChange’s 18-year history, the creator of the crypto-exchanger monitor stayed out of the limelight. This is the first public interview with Denis Malkov. In a conversation with ForkLog, the developer spoke about a cyberattack on his first exchange and competition with other aggregators. We asked which coins are most popular with BestChange […]

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ForkLog 23 31.03.2025

Blockchain Forum 2025 to Feature AML Protection by BitOK

On April 23 and 24, Moscow will host the Blockchain Forum 2025, bringing together over 15,000 participants from 100 countries. Among the speakers is Dmitry Machikhin, founder and CEO of the AML service BitOK. Each attendee will receive a personal promo code for free AML checks. Organizers will soon send details to the email addresses […]

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ForkLog 22 29.03.2025

Trump Pardons BitMEX Co-Founders, Reports Say

U.S. President Donald Trump has pardoned three co-founders of the BitMEX exchange, according to CNBC. The individuals in question are company co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who were accused of violating the U.S. Bank Secrecy Act’s KYC and AML requirements. Former BitMEX Head of Business Development Greg Dwyer, who was involved in […]

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ForkLog 73 21.02.2025

Russia to Connect Banks to Cryptocurrency Transaction Analysis Service by 2025

Rosfinmonitoring plans to fully integrate Russian banks into its ‘Transparent Blockchain’ service by the end of 2025, enabling the identification of clients linked to cryptocurrency transactions. This was reported by RBC, citing Anton Lisitsyn, Deputy Director of the Federal Financial Monitoring Service. According to him, the pilot is in the final stage of approval. “We […]

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ForkLog 19 25.12.2024

Turkey Enforces AML Requirements for Cryptocurrency Transactions

Starting February 25, 2025, users in Turkey conducting digital asset transactions exceeding 15,000 TRY (~$425), will be required to provide identification data to crypto service providers. The new AML provision aims to prevent money laundering and the financing of terrorism. Insufficient information about the sender will categorize the transfer as “risky,” with the possibility of […]

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ForkLog 7 15.11.2024

South Korean Authorities Uncover Up to 600,000 KYC Violations at Upbit

South Korea’s Financial Intelligence Unit, part of the FSC, has identified between 500,000 and 600,000 potential violations of KYC procedures at the Upbit exchange, according to Maeil Business. Specifically, Upbit allegedly allowed users to open accounts using identifiers with blurred personal details such as names and registration numbers. The platform faces fines of 100 million […]

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