Latest from the Didit blog.
The UK's first A7 alert describes a network built to pass identity checks
The National Crime Agency published Flash Alert 0808-NECC on 31 August 2026. It sets out how the A7 network moves value across borders for sanctioned Russian clients.
A four-digit merchant code decided whether memecoin buyers faced KYC
The Block reported on 1 September 2026 that memecoins bought by card through Robinhood Wallet and Fomo were coded as digital media, MCC 5815, with no identity check. Visa's rulebook puts crypto under 6051.
Korea let a crypto exchange pull government records for KYC instead of asking for documents
Dunamu, which runs Upbit, said on 26 August 2026 that the Ministry of the Interior and Safety had designated it an administrative information sharing institution, the first digital asset exchange to get there.
FinCEN's Banque Misr proposal names one bank and 103 front companies
On 1 September 2026 FinCEN proposed cutting the five United Arab Emirates branches of Egypt's state-owned Banque Misr off from American correspondent banking. The finding rests on 103 suspected front companies.
All 400 wealth managers refresh KYC now, but 26% record no expected activity
The Financial Conduct Authority published its Wealth management survey report 2026 on 18 August. Every firm now says it refreshes KYC. A quarter record no expected transaction frequency.
The travel rule is being rewritten for every cross-border payment, not just crypto
FATF agreed revisions to Recommendation 16 in June 2025. From the point countries implement, a peer-to-peer cross-border payment above USD/EUR 1,000 carries name, address and date of birth.