AML

AML
CSI Launches AI-Powered AML Solution in Collaboration With Dataseers
April 21, 2025

CSI has launched an artificial intelligence (AI)-powered anti-money laundering (AML) solution and said it plans to add more solutions of this kind later this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

AML
Block Fined $40 Million for Cash App’s Anti-Money Laundering Failures
April 10, 2025

Block will pay a $40 million penalty over anti-money laundering deficiencies in its Cash App. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

AML
OKX Crypto Exchange Fined $500 Million for Anti-Money Laundering Violations
February 26, 2025

The operator of the OKX cryptocurrency exchange has admitted to breaking anti-money laundering (AML) laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

AML
Brink’s Settles Anti-Money Laundering Charges With DOJ and FinCEN
February 06, 2025

The Brink’s Company said Thursday (Feb. 6) that its subsidiary, Brink’s Global Services USA (BGS USA), reached agreement with two U.S. agencies to resolve investigations related to cross-border currency shipments and compliance with federal money-transmitting laws. Get the Full Story Complete the form to unlock...

CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’
January 08, 2025

CBW Bank, with roughly $90 million in assets, filed a suit against the Federal Deposit Insurance Corp. (FDIC) contending that $20.4 million in penalties assessed against the bank for alleged failures over anti-money laundering (AML) efforts and deficiencies are both “unprecedented” and “unreasonable.”   Get the...

AML
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

AML
New Year, New AML and Compliance Approach for Financial Institutions
December 03, 2024

It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

AML
Report: Wise Implements Regulator’s Recommendations to Bolster AML Programs
November 29, 2024

FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

AML
Report: US Government Investigating Citigroup’s Anti-Money Laundering Policies
November 14, 2024

U.S. government agencies are reportedly investigating Citigroup’s anti-money laundering (AML) policies and its ties to a sanctioned Russian official. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...