Category: Bitcoin (BTC)

Exchanges Might Not Meet All AML & KYC Requirements But Neither Do Banks


An investigation led by Australian Transaction Reports and Analysis Centre (AUSTRAC) to one of Australia’s major banks, Commonwealth Bank of Australia (CBA), has revealed the deficiencies of the country’s banks in terms of compliance with the know-your-customer (KYC) and anti-money laundering (AML) requirements of the law.

This article was originally published on: CoinTelegraph on