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.
A proposal being reviewed by the U.S. Treasury Department that would ID who controls unhosted cryptocurrency wallets would also allow innovations related to fighting financial...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and...
No other industry has more at stake in digital identity verification than financial services, a future Zil Money’s Justin Timlin says will be driven by...
As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than...
This week in TechREG, regulators in Europe and the United Kingdom continue exploring new rules in the cryptocurrency space. Get the Full Story Complete the...
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission has...
The European Supervisory Authorities (ESAs) published a joint report on Thursday (June 1) advocating for the introduction in all relevant EU sectoral laws of a...
Today in TechREG, three European Union supervisory authorities, including the banking and financial markets authorities, advocated for amending sectoral laws to include more powers to...