In this report we observe and track all relevant events that have unfolded in the Anti-Money Laundering (AML) and digital asset space in the past seven days. DIGITAL ASSETS, TECH AND MINING It has been an exciting week in the AML space as the digital asset roller coaster is tracked on Elon Musk’s Twitter feed. Despite the tanking of the
On Friday February 26th the SEC released a Digital Asset Risk Alert providing observations made by the division of examinations’ staff. This included investment advisers, broker-dealers and transfer agents. The risk alert aims to assist firms dealing with digital asset securities in developing and enhancing their compliance practices. Digital asset securities are defined as: “The term “digital asset,” as used
Twenty-twenty has definitely been an interesting year and while international news has mostly been doom and gloom, crypto performed exceptionally well. From a low point in March 2020, where the Bitcoin price dropped to almost US$3,000 to the end of the year where it reached US$29,022. We also saw leaps and bounds in the development of regulations, the Financial
With institutional investor interest and investments in Bitcoin and other digital assets increasing significantly over the past 12 months, including a number of listed entities investing in Bitcoin and significant improvements in regulations, it’s only a matter of time until these investors start looking towards crypto hedge funds as an investment option. Is your hedge fund ready for these investors?
Vendor due diligence is a critical part of any company’s operations, but in the Digital Asset or CryptoCurrency space, this takes on a whole new level of risk. Funds or companies using third parties, such as exchanges or custodians to store their assets, face significant risk due to the fact that the third party is in control of their private
Policies and procedures are essential for any business, but which policies should your crypto fund have? As the crypto asset space matures, we are seeing more and more institutional interest and with this comes additional scrutiny and requirements. If you want to attract this capital, the startup model that your fund has run on traditionally may not be enough. One