Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. Get the Full Story Complete the form to unlock this...
The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. Get...
Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny...
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management...
German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Get the Full Story Complete the form to...
TD Bank’s chief compliance officer, Monica Kowal, has reportedly left the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. Get the Full Story Complete...
Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. Get the Full Story Complete the form to unlock this...
Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. Get the Full Story Complete the form to...