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.
Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. Get the Full...
Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. Get the Full Story Complete the form to unlock this article...
Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC)...
PortX, an integration technology company for financial institutions (FIs), has teamed with compliance platform Hummingbird. Get the Full Story Complete the form to unlock this article...
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. Get the Full Story Complete the form to unlock this article...
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering. Get the Full Story Complete the form to unlock this article...
The Financial Intelligence Unit India (FIU IND) aims to block the URLs of nine offshore virtual digital asset service providers (VDA SPs). Get the Full...
Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas. Get the Full Story Complete the form to unlock this article and...
The holidays are approaching, and generative artificial intelligence shows no sign of slowing down. Get the Full Story Complete the form to unlock this article...