Hundreds of billions of pounds' worth of criminal funds are laundered through the U.K. each year, while the non-compliant corporations and FIs that enable this receive little more than a "parking penalty" level fine. That’s according to Susan Hawley, Corruption Watch's director of policy, who...
An anti-money laundering resolution presented by Congresswoman Maxine Waters (D-CA) passed by a voice vote on Thursday (March 14). 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...
Senator Kamala Harris (D-CA) has introduced the Digital Service Act, which will “empower state and local governments to invest in digital services” to update and rebuild government systems. In addition, the legislation will boost the U.S. Digital Service (USDS), which supports the federal government in...
Canada wants to redo securities regulations to include cryptocurrency trading operations like Quadriga, which lost the ability to access $195 million of investor holdings after the death of Gerald Cotten, its founder. Get the Full Story Complete the form to unlock this article and enjoy...
The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. Get the Full Story Complete the form...
The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports, and is the first European Union (EU) country to do so. Get the Full Story Complete the form to unlock this article...
Legislation is bowing in Congress from a pair of U.S. senators that would broaden the ability of the Securities and Exchange Commission (SEC) to recover (or claw back) money on behalf of investors victimized in financial crimes. Get the Full Story Complete the form to...
Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a high money-laundering risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Ladies and gentlemen, it has finally arrived. 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...
