AML

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.

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Neuro-ID Debuts Frictionless Identity Screening Products
Neuro-ID Debuts Frictionless Identity Screening Products
February 16, 2022  |  Identity

Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with...

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UK May Boot Almost 100 Crypto Firms as Anti-Money Laundering Deadline Approaches
UK May Boot Almost 100 Crypto Firms as Anti-Money Laundering Deadline Approaches
February 11, 2022  |  Cryptocurrency

With nearly 100 cryptocurrency firms still waiting for approval to operate in the U.K. as a March 31 deadline approaches, it seems likely that the...

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Credit Suisse’s Swiss AML Case Reminds Us That Fraud Is Old School
Credit Suisse’s Swiss AML Case Reminds Us That Fraud Is Old School
February 09, 2022  |  Security & Fraud

Amid the cryptocurrency surges, the wallets coupled and decoupled — in short, the digital revolution in financial services — it seems that the fraudsters would...

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EMEA Daily: Big Tech Gets Support From Washington, in Europe
EMEA Daily: Big Tech Gets Support From Washington, in Europe
February 08, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, Big Tech got a surprise gift from the Biden White House. Meanwhile, European Commission Executive...

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Crypto Networks Connected to Increase in Reported Fraud
Crypto Networks Connected to Increase in Reported Fraud
February 08, 2022  |  Cryptocurrency

A federal law enforcement network has identified a surge of suspicious activity from San Francisco financial firms, including some of the world’s leading cryptocurrency trading...

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PYMNTS Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a Quarter Billion Dollars?
PYMNTS Crypto Basics Series: What’s a Crypto Wallet and How You Can Avoid Losing a...
February 01, 2022  |  Cryptocurrency

Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of in 2022, as the industry exploded into the mainstream public consciousness....

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Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
Regulators Walk Fine Line Between Protecting Consumers, Stifling FinTech Innovation
February 01, 2022  |  Regulation

The regulators sharpen their gaze, the legislators sharpen their pencils and bang the gavels — and Big Tech, banks and FinTechs are in the crosshairs,...

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As Money Laundering Booms, Crypto Thieves Flock to DeFi
As Money Laundering Booms, Crypto Thieves Flock to DeFi
January 27, 2022  |  Security & Fraud

The amount cryptocurrency stolen, scammed and blackmailed nearly doubled in 2021. So, it stands to reason that money laundering would be up as well. Get...

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Bithumb Will Block Unregistered Crypto Wallets
Bithumb Will Block Unregistered Crypto Wallets
January 25, 2022  |  Cryptocurrency

South Korean cryptocurrency exchange Bithumb will no longer accept wallet addresses that haven’t been properly registered with the exchange as part of its enforcement of...

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