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Illegal Gambling Through Other Businesses’ Card Payments: How the Scheme Works and Who Is Liable
Illegal gambling businesses rarely accept payments under their own name. More often players’ card payments pass through someone else’s ordinary-looking business, and that is exactly what card schemes and banks hold acquirers and payment companies to account for. We go through, according to primary sources, how such a scheme works, what Visa and Mastercard require,…
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KYC and KYB for Payment Providers: Building a Risk-Based Customer Due Diligence Programme
Know your customer (KYC) and know your business (KYB) are the checks a payment company runs on its clients before and during the relationship. Banks, card schemes and supervisors judge you by how well you do them. From 10 July 2027 one EU regulation, the Anti-Money Laundering Regulation (AMLR), replaces the different national rules. This…
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Privacy Coins (Monero, Zcash): Legal Status in the EU, UAE and US
Holding a privacy coin is generally not prohibited. The restrictions hit the businesses that deal in it: exchanges, custodians, brokers.
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Online casino licence: Curaçao, Malta, Estonia, Anjouan or Tobique
Online casino licences compared: Curaçao (LOK), Malta (MGA), Estonia (EMTA), Anjouan and Tobique. Requirements, fees, taxes and timelines from the regulators.
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Travel Rule for Crypto Businesses: What Data to Transmit and How to Implement It
What data the Travel Rule requires in the EU, UK and US, how to handle self-hosted wallets and missing information, and how to implement the rule.
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What is Know Your Customer (KYC) and why is it essential for cryptocurrency exchanges?
KYC for crypto exchanges is the process by which a crypto exchange identifies its customers and understands who it is dealing with. For a licensed exchange it is not an option: in the EU it sits behind the Travel Rule that has applied since December 2024, and a new AML (anti-money laundering) Regulation will tighten…