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.
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and...
With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. With it, financial institutions need to strengthen...
MoneyGram International is putting its muscle behind U.S. regulators’ proposal to tighten financial reporting required of financial institutions (FIs). Get the Full Story Complete the...
Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also...
On Friday (Dec. 11), the U.S. Senate passed legislation that would strengthen anti-money laundering (AML) rules. The legislation would also ban anonymous shell companies. Get...
As goes banking, so goes fraud. It has ever been thus. Money laundering and terrorist financing also go on the list these days, perhaps like...
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Congress is expected this week to vote for the first overhaul of the country’s anti-money laundering (AML) laws in decades, the Financial Times reports. Get...
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