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.
Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept....
The regulatory landscape has become stricter – and more expensive – as enterprises and FIs grapple with fraudsters and seek to protect data and dollars. In...
The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is...
Today in the payments news roundup, Stripe is rolling out its offerings in eight new European countries. Also, the new iPhones and the rest of Apple’s...
Netki announced that it has upgraded its digital identity service so that cryptocurrency firms can meet AML recommendations by the Financial Action Task Force (FATF)...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Get the Full Story Complete the form to unlock this article...
Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank, according to CoinDesk. Get the Full Story Complete...