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 the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course,...
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To provide a digital payment offering to financial institutions (FIs) working with cannabis-related businesses (CRBs), digital payment company Spence Labs has collaborated with cannabis banking...
The pandemic-driven digital payment surge has kept anti-money laundering (AML) teams on their toes, but many have focused too heavily on money laundering without rooting...
The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very...
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Crypto traders are often eager to quickly set up accounts on exchanges so they can begin transacting before prices shift, but platforms risk fraud if...
Abra has rolled out Abra Borrow, which will help the company reach its goal of becoming a complete crypto bank, a company blog post stated....
In today’s top news, Boston’s Federal Reserve and MIT could reveal digital dollar prototypes this summer, and Jumio raised $150 million to expand its digital...