The United Kingdom is preparing to spend 500 million pounds and hire hundreds of new financial crime specialists as it shifts its anti-money-laundering strategy from pursuing individual offenders toward disrupting the increasingly technology-enabled financial networks that allow illicit money to move. Get the Full Story...
Treasury may raise longstanding bank reporting thresholds and take into account how long financial institutions have known their customers, Treasury Secretary Scott Bessent told lawmakers Tuesday (Sept. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Revolut continued its global expansion by securing a bank license in Colombia, the company said in a Tuesday (Sept. 15) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
California’s top consumer regulator is signaling a potentially far-reaching approach to policing artificial intelligence: If state law requires a human to hold a license to perform a service, deploying AI to perform the same function may not provide a way around that requirement. Get the...
Connecticut expanded its campaign against sports event prediction markets beyond Kalshi. Last week, the state issued cease-and-desist orders to nine companies and nearly 30 subpoenas that reach payment processors, app stores, identity-verification providers, sports-data businesses and media organizations. Get the Full Story Complete the form...
Elon Musk’s xAI and X have reportedly dropped their antitrust case against Apple. 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...
A pair of regulatory actions issued Friday (Sept. 11) could change how banks think about third-party risk. 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...
California has moved beyond requiring companies to examine the risks of artificial intelligence and has begun regulating the people hired to perform those examinations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The latest wave of bank charter activity is producing institutions that may share a federal regulator while bearing little resemblance to one another. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...