May 25, 2015
Lawsky’s Last Bitcoin Licensing Play

New York is on the verge of getting new licensing rules governing commercial use of virtual currencies including bitcoin. As Benjamin M. Lawsky steps down next month as head of...

May 12, 2015
Faster Data Breach Detection Using Artificial Intelligence

Sixty-six percent of breaches take months or even years to discover. Over the course of 155 days one famous retailer suffered a massive security breach, compromising 56M cardholder accounts, with...

May 06, 2015
Ripple Labs Faces Fines From FinCEN

Ripple Labs has become the first virtual currency exchanger to face fines from the Financial Crimes Enforcement Network (FinCEN), according to a press release issued May 5. Working in conjunction with...

April 27, 2015
UK: Banks face further 19 billion pounds misconduct bill

Britain’s biggest banks face another 19 billion pounds of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in a report on...

April 07, 2015
South Korea: Regulator to boost anti-money laundering efforts

South Korea’s financial regulator said Tuesday it plans to tighten its anti-money laundering checks into the nonbanking sector, joining growing global policy efforts to clamp down on the illegal activity....

March 25, 2015
Global E-Money Service Remitly Raises $12.5M

Seattle-based startup Remitly has raised another $12.5 million to help Indian and Filipino immigrants send money home from the U.S., according to a March 19 press release.  The Series B...

March 19, 2015
UK Government Pushes Digital Currency Regulation

The U.K. government plans to impose anti-money laundering (AML) regulations on bitcoin exchanges, beef up law-enforcement capabilities for spotting criminal use of digital currencies, and work with the digital currency...

March 18, 2015
Bank Group Asks For More Leeway To Fight Money Laundering

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) should let banks share their reports of suspected money-laundering activity with their foreign branches and affiliates, payments association The Clearing House argued...

March 05, 2015
Defying Online Fraud Post US EMV Migration

By the end of 2018, U.S. card-not-present fraud losses are expected to reach $6.4 billion. While the U.S. migrates to EMV to help prevent card-present fraud, the fraudsters are migrating...