Insights

The SEC Whistleblower Program
Whistleblowers who provide information leading to SEC actions resulting in sanctions of over one million dollars are eligible for awards. The amount of the award depends on the case, and it could be anywhere between 10% and 30% of the total sanctions.
Financial Crime Risks in Cryptocurrency
With cryptocurrencies, it is much more challenging for businesses to maintain compliance with AML regulations and know your customer (KYC) rules. Users can directly transfer funds between any two addresses on the same blockchain, making it much easier to move money across borders and obscure identities.