Tag: scams
Wash Trading: How to help your customers understand risks in the NFT market
April 18, 2022
Wash trading is a dominant form of fraud in the young NFT marketplace, and has already yielded scammers millions in illicit gains. In this...
How to spot scammers exploiting remote cryptocurrency transactions
February 1, 2021
Consumers are increasingly transacting cryptocurrency remotely, and financial criminals are taking advantage of the trend. What does this mean for your institutional compliance? Cryptocurrency...
Crypto investment scams: what businesses need to know for consumer protection
September 28, 2020
First-time or existing customers may be vulnerable to fraudulent investment schemes that promise high returns that never materialize. Here are some red flags businesses...
The ‘Social Security Administration’ scam cryptos should be aware of
July 27, 2020
The Social Security Administration will never call an individual to demand payment in cryptocurrency or any other form. We explain what to do about...
A Warning To Businesses About COVID-19 Compliance And Scams
April 27, 2020
What’s expected of AML compliance during the pandemic? Business as usual, says FinCEN. Economic slowdowns could hurt bitcoin ATM owners, and new, pandemic-inspired scams...
Crypto Scams Are A Genuine Problem. Better KYC Is The Fix.
August 26, 2019
The cryptocurrency industry is faced with numerous unique challenges. But the most consequential is the need to demonstrate legitimacy, particularly to increasingly hawkish regulators...