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.
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade,...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
NatWest, a U.K. state-backed bank, must pay 265 million pounds (about $350 million) after pleading guilty to failing to prevent money laundering, Reuters reported. Get...
The White House is looking for public input on ways to fight corruption in the U.S. real estate market, part of a larger project to...
The central banks of Indonesia and the United Arab Emirates (UAE) have signed an agreement to boost payment system cooperation. Get the Full Story Complete...
Digital identity verification is being put through its paces during the pandemic as remote onboarding of consumers keeps skyrocketing, bringing a reenergized wave of financial...
The Financial Crimes Enforcement Network (FinCEN) has rolled out its first priorities to fight money laundering and the financing of terrorism, according to a press...
New Zealand-based anti-money laundering (AML) company First AML has generated $21 million in a Series B funding round, the company announced in a Tuesday (Nov....