German financial watchdog BaFin blasted online bank N26 for weak anti-money laundering (AML) controls and imposed a 4.25 million euro ($4.93 million) fine on the digital banking platform, according to a report in the Financial Times on Wednesday (Sept. 29). Get the Full Story Complete...
The past year has ushered in record growth for the eCommerce industry. Consumers around the globe are going online to buy everyday essentials and more — but this has also created significant regulatory challenges for the online platforms and marketplaces driving this trend. Cybercriminals have...
As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department of Justice’s money laundering section, Laurel Loomis Rimon has a unique private-public sector purview of what is involved in stopping...
Following a series of scandals, the European Commission wants to create a new Anti-Money Laundering Authority (AMLA), the Financial Times reported Wednesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
New expansive anti-money laundering (AML) priorities for financial institutions were recently handed down by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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. By completing this form, you agree to receive marketing communications from PYMNTS...
Cryptocurrencies’ anonymous nature makes them popular, but crypto exchange platforms are still required to collect buyers’ personal data for anti-money laundering (AML) and know your customer (KYC) compliance. In the AML/KYC Tracker, Gemini Chief Compliance Officer Elena Hughes explains how platforms can selectively collect data...
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. By completing this form, you agree to receive marketing communications from PYMNTS and...
National Australia Bank (NAB) said Monday (June 7) it is under investigation for breaches of the country’s money laundering and counter-terrorism laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
