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The April digest is out! 📊 FinCEN & OFAC propose the first-ever mandatory sanctions compliance program for stablecoin issuers under the GENIUS Act 🚨 FCA raids eight London sites in its first-ever physical crackdown on illegal P2P crypto trading 🌏 South Korea suspends Coinone over 70,000 KYC failures — the second major exchange hit in a month 💰 DOJ Scam Center Strike Force restrains $700M, arrests 276, and seizes 503 fake investment domains Read this month's Allpass.ai Compliance Digest to stay informed and ahead of risk 👇 And remember to subscribe if you haven't already.

Switching from Sumsub? Your data comes with you. Regulations across Europe require you to retain verification records for up to five years. That means when you move to a new system, your existing compliance history needs to move too. We put together a short step-by-step guide on how to approach the migration without losing data or creating compliance gaps. Swipe through 👇 Also, if you have a large volume of historical data, we'd be happy to help you with the move. Book a call with 🇺🇦 Denys Galenko to talk through your specific setup. Link in the comments, along with the full guide. #KYC #AML #Sumsub #KYCSoftware #DataMigration

Not every business needs an enterprise KYC platform. Sumsub is the right choice for some businesses. But if you need KYC software you can start using right away with straightforward pricing and no feature paywalls, Allpass.ai is worth a look. ✅ Built for the real daily work of AML officers, not for enterprise sales decks. ✅ Go live without integration. Start verifying users from day one. ✅ Full feature access on every plan. You pay for verifications, not for unlocking tools. ✅ Support that actually responds and cares. More information the article ➡️ https://lnkd.in/d9ukRHAH Book a demo with Denys Galenko ➡️ https://lnkd.in/dfN4HuWt #KYC #AML #Sumsub #KYCSoftware #Fintech #Crypto

Someone is laundering money through your crypto platform right now. You just don’t know it yet. Crypto was designed to be borderless and pseudonymous. That's what made it powerful and unfortunately attractive to bad actors. 💲154 billion. That's the volume of illicit crypto transactions recorded in 2025 alone — a 162% YoY increase, according to Chainalysis. The money got bigger, and so did the crime. This isn't just a problem for the industry's reputation. It's a direct business risk. For example, South Korea's Financial Intelligence Unit suspended Upbit, the country's largest crypto exchange, for three months over AML violations. Coinone, Bithumb, Korbit, and GOPAX followed — all hit with fines and suspensions as part of a sweeping enforcement campaign that ran through 2025 and into 2026. KYC alone won't protect your crypto platform. Regulators want to see what happens after onboarding — who's moving what, where, and why. That's what KYT does. In our latest guide, we break down: ✔️What KYT is and how it works ✔️Regulatory requirements by region ✔️How to implement it without adding headcount Link in comments 👇 #Crypto #KYT #AML #KnowYourTransaction #Bloackchain

Brazil spent 5 years building one of the world's most ambitious gambling markets. Now there’s a chance of it being torn down. Brazil's gambling journey is a masterclass in regulatory whiplash. Fixed-odds sports betting was legalized in 2018. For years, the market operated in a legal grey zone but explosive growth driven by mobile penetration and a football-obsessed population of 215 million. In 2023, the government passed Law 14,790 (the "Bets Law"), launching a fully regulated market on January 1, 2025. The promise: R$13 billion/year in tax revenue, funding schools, public security, and sports programs. Major international operators rushed in alongside local players. On the path to building the most comprehensive online gambling regulatory system regulators ban credit cards and buy-now-pay-later payments for gambling deposits as a consumer protection move, bringing Brazil in line with the UK and Sweden. Operators adapted. Then, April 2026: Workers' Party (PT) lawmakers introduced Bill PL 1808/2026 proposing a full repeal of the Bets Law. Not reform. Not tightening. Complete prohibition, with ISPs ordered to block platforms and banks ordered to block transactions. So — will Brazil actually exit the market ❓ Hard to tell for sure. The bill is still to face multiple committee reviews and has not yet received formal endorsement from President Luiz Inácio Lula da Silva or senior officials.  The more likely scenario: continued contraction. Stricter ad bans (a Senate proposal already in motion), tighter responsible gambling rules, and higher compliance burdens for operators. For the international gaming community and compliance teams, the emergence of PL 1808/2026 highlights the volatility of the Brazilian market. 💭 What are your thoughts? Will Brazil exit the iGaming market? #iGaming #Brazil #LATAM #Gaming #iGamingNews

South Korea’s Financial Intelligence Unit under the Financial Services Commission fined crypto exchange Coinone $3.5M and shut down its growth engine. This wasn't just a fine. From April 29 to July 28, 2026, Coinone cannot onboard new users, accept deposits, or process external withdrawals. Three months of zero growth, by regulatory order. What triggered it: ❗ ~70,000 users without proper identity verification ❗ 40,000 accounts with incomplete or unverifiable documents ❗ 30,000 users allowed to trade without full KYC ❗ 10,000+ transactions routed through 16 unregistered overseas exchanges ❗ No meaningful suspicious transaction monitoring or risk profile updates While Coinone primarily serves the Korean domestic market, that market is not small. South Korea accounts for ~30% of global crypto trading volume. When regulators here move, it signals where the rest of the world is heading. 🌍 And the direction globally is clear: In Europe, the MiCA transitional period for VASP licenses ends July 1, 2026 — unlicensed crypto firms will not be able to legally operate across the EU. In Australia, expanded AML/CTF laws covering crypto custody and token issuance went live April 2. The pattern is consistent: KYC in crypto is no longer a competitive advantage. It's a condition of existence. Strong KYC doesn't have to mean friction or high implementation cost. Allpass.ai helps crypto exchanges build identity verification that meets regulatory standards without slowing down onboarding or burning budget on complex integrations. See what Allpass.ai can do for your crypto business and try it for free: https://lnkd.in/dyr-siWC #crypto #KYC #AML #compliance #fintech #MiCA #regulation #SouthKorea

Despite advancements in technology and stricter regulatory environments, there’s a bunch of myths that still persist, often resulting in inefficient, costly, and less secure compliance practices. ❗ Manual review is still believed to be more efficient ❗ Companies ignore perpetual monitoring ❗ KYC and fraud prevention stay siloed in separate teams Each of these creates real gaps in a world where regulators release updates weekly, AI fraud schemes grow in volume, and a client who was low-risk at onboarding may not be low-risk today. Part of the problem is practical: AML officers often don't have the right tools to do KYC efficiently. So the default becomes "good enough" — until it isn't. That's the gap Allpass.ai was built to close: ⚙️ Automate document collection and validation to spend less time on routine checks ⚡ Speed up verification with AI-powered checks that catch fraud before it slips through 🌍 Make AML manageable with automated checks, and perpetual monitoring 📈 Scale processes fast as verification volume grows Better productivity. Lower costs. No compromise on security or compliance. Swipe to see the 5 myths in full and check the link in the comments to learn more about Allpass.ai 🔽 #KYC #AML #Compliance #FinancialCrime #RegTech #IdentityVerification #Fintech #Crypto #ComplianceAutomation

FinCEN took a major step towards implementing whistleblower program to fight illicit finance. What does this mean for financial institutions? Read the article to find out what this shift signals 👇 #FinCEN #AML #Compliance #AntiCorruption #FinancialCrime #RegulatoryEnforcement #FraudPrevention

Happy Easter from the team at Allpass.ai! 🐣 May you celebrate surrounded by your loved ones, with a heart full of light, hope, and love.

Imagine losing 40% of business clients because KYB takes too long. This one user on Reddit didn’t have to imagine it. In a recent thread, someone described what many AML officers deal with: KYB isn’t necessarily slow because of regulations and requirements. It’s slow because teams either don’t have the tools to make it easier or don’t know how to orchestrate the process to make it quicker. AML officers usually need to jump through many hoops to onboard a business: 📃 Collect company information and formation documents ✅ Verify the identities of all UBOs 🔍 Run AML screening across dozens of sources ❗ Determine risk level 📁 Maintain detailed audit trails All while managing chats and emails, trying to get all the information they need to get the ball rolling. With Allpass.ai, the flow can be more efficient: You build a structured questionnaire that collects all required documents and information in one place. Then, you create an automated verification flow for each UBO. They receive a link, upload their ID, complete a liveness check, and get screened across 3,000+ AML databases — without you coordinating any of it. You share just a couple of links and Allpass.ai collects and organizes the information for you. All that's left for you is to review and decide. The result: ✅ Hours saved on every case ✅ All data organized and audit-ready ✅ Faster, clearer decisions Want to see how it works? Sign up for a free trial and build your first questionnaire and verification flow today. Link in the comment section 🔽 #KYB #KYC #AML #compliance #onboarding #fintech