The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024...
The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency. A review of Israeli government seizure orders and blockchain analytics reports revealed that Hamas and two other militant groups — Palestinian Islamic Jihad (PIJ), which joined Hamas in the...
WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts. The new artificial intelligence (AI) solution, dubbed Isaac, streamlines the process and enables analysts to concentrate on more critical investigations, the provider of AI digital workforce...
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those vulnerabilities, the U.S. Department of the Treasury said in a report released Thursday (April 6)....
July 22, 2024
The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. The Financial Technology Protection Act of 2023 (H.R. 2969), sponsored by Rep. Zach Nunn, R-Iowa, establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing under the Department […]
May 16, 2024
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible...
October 10, 2023
The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency. A review of Israeli government seizure orders and blockchain analytics reports revealed that Hamas...
October 02, 2023
WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts. The new artificial intelligence (AI) solution, dubbed Isaac, streamlines the process...
