A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Popular images of international crime fighting are usually replete with bank heists, gun fights, drug smuggling, and undercover agents in dark suits and shades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A Texas money transfer company has pleaded guilty to federal charges that it failed to adequately maintain an anti-money laundering (AML) program, letting $167 million move overseas without oversight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Digital payments FinTech Flutterwave has denied any wrongdoing after a court in Kenya froze its bank accounts. 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...
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Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that promotes such standards, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
U.S. legislators say they are getting closer to adopting what could be the biggest anti-money laundering (AML) reforms in decades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The U.S. and U.K. governments announced on Monday (June 13) a new joint initiative to encourage the development of privacy-enhancing technology (PET) that could be used in the fight against money laundering. Get the Full Story Complete the form to unlock this article and enjoy...
The European Supervisory Authorities (ESAs) published a joint report on Thursday (June 1) advocating for the introduction in all relevant EU sectoral laws of a specific legal ground to revoke licenses for breaches of anti-money laundering/combating the financing of terrorism (AML/CFT) rules. Get the Full...
