The FTX collapse – a timeline
FTX was one of the greatest crypto exchange companies in the world founded in 2019 by Sam Bankman-Fried. The FTX platform allowed people to buy and sell crypto assets i.e. bitcoin, ether etc. The company used aggressive marketing and low trading fees which lead to fast growth in a few years. FTX issued its own […]
What is the purpose of customer screening?
Customer screening allows regulated entities to perform watch list checks for their potential and existing their clients and identify risks associated with the business relationship. The main elements of customer screening include: PEP checksPolitically Exposed Persons (PEPs) are persons who hold or held a prominent public function. PEPs usually have political influence and often misuse […]