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 a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...
Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. Get the Full Story Complete...
Today in Europe, the Middle East and Africa, Mastercard announced an investment in Egypt’s FinTech-focused venture capital platform nClude and HSBC launched a new digital...
In a move that signals a major change for Switzerland’s financial services industry, the Swiss government intends to establish a central registry to track ownership...
The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases...
The Financial Industry Regulatory Authority (FINRA), a Wall Street regulator, has issued new guidance for broker-dealers on the penalties they could face for violating anti-money...
In a speech at a conference on finance tokenization, François Villeroy de Galhau, governor of the Banque de France, said the bank is working on...
Italy’s Metoda Finance has partnered with German cloud-banking platform Mambu to improve regulatory compliance for Italian financial institutions (FIs) making the digital transformation, a press...
A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story...