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    Latest Posts

    Lattice Exchange adds more backers to its growing list institutions looking to dive into DeFi

    Lattice Exchange (LTX), a decentralized platform that aims to advance digital-asset trading, announced today that digital asset institutional funds such as GDA (Global Digital...

    Intel Purchased a Digital Currency for 5 Years

    CMTLabs, Inc. (Currency Method Tokenizing Labs) revealed Intel's NUC Group purchased CMTL℠ (Computer Memory Test Labs, Inc.) digital currency service tokens during a five...

    MF DOOM Announces Augmented Reality Blockchain Auction

    Today, hip-hop anti-hero MF DOOM and Rhymesayers Entertainment announce an innovative partnership with Illust Space to deliver augmented reality masks just in time for...

    ExCore’s sale is LIVE

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    Tokenization Platform LCX to Automate Anti-Money Laundering Practices and Crypto Compliance

    Liechtenstein based LCX, today announced a partnership with Pliance. LCX is enhancing its Anti-Money Laundering (AML) processes such as screening of Politically Exposed Persons (PEP), Combating the Financing of Terrorism (CFT) and sanction screening by integrating Pliance’s technology and API’s. LCX’s compliance suite enables automating compliance processes to make sure that all cryptocurrency transactions happening on LCX’s are safe, compliant and secure.

    Pliance is a fast-growing fintech company based in Sweden. The team developed smart RegTech solutions which deliver comprehensive protection by combining sanctions lists, Politically Exposed Persons (PEP) and global watchlists into a single dataset. In combination with LCX’s crypto compliance technology, the new system enables LCX to follow a risk-based approach to AML as recommended by the Financial Action Task Force (FATF), the Token and TT Service Provider Act (TVTG) also known as the new Liechtenstein Blockchain Laws, the 5th and forthcoming 6th Money Laundering Directive. The 5th Directive (AML5) particularly addressed cryptocurrencies, legislation for those who hold or store virtual currencies, provide exchange services of virtual and fiat currencies and custodian wallets.

    “We are delighted to partner with LCX, the fact that we will play a role in providing a secure environment for customers with our scalable automation of compliant AML processes makes me feel proud,” said Siam Choudhury, CEO at Pliance. “By automating its AML processes with Pliance, LCX shows the benefits of working with modern tools when building modern products.”

    “LCX aims to deliver integrity to the cryptocurrency industry and financial markets alike,” said Monty C. M. Metzger, Founder, and CEO at LCX. “Our new compliance suite is an advanced crypto AML compliance solution for constant risk classification and an in-depth due diligence assessment.”

    Latest Posts

    Lattice Exchange adds more backers to its growing list institutions looking to dive into DeFi

    Lattice Exchange (LTX), a decentralized platform that aims to advance digital-asset trading, announced today that digital asset institutional funds such as GDA (Global Digital...

    Intel Purchased a Digital Currency for 5 Years

    CMTLabs, Inc. (Currency Method Tokenizing Labs) revealed Intel's NUC Group purchased CMTL℠ (Computer Memory Test Labs, Inc.) digital currency service tokens during a five...

    MF DOOM Announces Augmented Reality Blockchain Auction

    Today, hip-hop anti-hero MF DOOM and Rhymesayers Entertainment announce an innovative partnership with Illust Space to deliver augmented reality masks just in time for...

    ExCore’s sale is LIVE

    ExCore Sales and Impressive Staking ExCore is a new and rapidly growing cryptocurrency that stands to eliminate inflation. Because there is a finite supply and...

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