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.
The European Banking Authority (EBA) has warned that the largely unharmonized regulatory regimes across Europe regarding non-bank lending may create challenges for stakeholders, including regulators,...
Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive...
Today in the connected economy, Samsung makes a deal with Dish to sell equipment for its soon-to-launch American 5G network. Get the Full Story Complete...
AI-powered cybersecurity firm ThetaRay is teaming up with omnichannel B2B payments startup Qolo to detect and prevent financial crimes across Qolo’s full range of curated...
Nikhil Rathi, the Head of the U.K.’s Financial Conduct Authority (FCA), gave a speech at City Week 2022 on April 26, in which he stressed...
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The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital...
Today is Friday (April 22), and a crypto bank that was granted a conditional license last year is now being called to the carpet by...
Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from...