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.
In the latest changes to the European Union’s (EU) anti-money laundering (AML) framework, the European Commission (EC) is finalizing the details of a package of...
Fraud is top of mind in tech — especially in payments — and not just because of the collapse of crypto trading firm FTX. Get...
A leaked draft of an EU anti-money laundering (AML) bill suggests the organization could prohibit regulated financial institutions from dealing in privacy-enhancing cryptocurrencies such as...
In a video address as part of a high-level conference on the digital euro earlier this month, the president of the European Central Bank (ECB),...
For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC)...
What a difference a week makes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it...
Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...
The Swiss Financial Market Supervisory Authority (FINMA) is extending the scope of its anti-money laundering (AML) ordinance to cover cryptocurrency assets. Get the Full Story...