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...
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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...
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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...
Germany’s main financial regulator, the Federal Financial Supervisory Authority (BaFin), has ordered German neobank N26 to increase its anti-money laundering (AML) efforts, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Germany’s Federal Financial Supervisory Authority (BaFin), the country’s central financial regulator, has ordered Deutsche Bank to toughen its anti-money laundering (AML) controls, the agency said in an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
