November 24, 2013
Have States’ Efforts To Regulate Virtual Currencies Run Amok?

I can hear the supporters of virtual currencies now: “Permits? We don’t need no stinkin’ permits.” And they’re probably right, or are they? The New York Department of Financial Services...

September 27, 2013
IRS Data Assesses State Of U.S. Anti-Money Laundering

By Pete Rizzo (@pete_rizzo_) A total of 5,125 criminal investigations were initiated in FY 2012 and the conviction rate for the year stands at 93 percent, reveals the Internal Revenue...

September 06, 2013
Facebanx Seeks To Become New Face Of Payment Security

By Pete Rizzo (@pete_rizzo_) “The time is now right for biometric technology to emerge as a secure solution for mobile applications that require high levels of security, particularly payment. From...

August 26, 2013
Bank Of Ghana Installs New Measures To Fight Money Laundering

According to Ghana Web, the Bank of Ghana announced that money laundering and terrorist financing issues are hurting the country’s economy and financial institutions. The article reported that the weak...

August 12, 2013
NY DFS Hits Bitcoin Companies With Subpoenas

New York’s Department of Financial Services (DFS) has issued dozens of subpoenas to companies associated with bitcoin, sources told The Wall Street Journal on August 12. DFS is seeking information...

August 07, 2013
Report: Anti-Money Laundering Spending Tops $5B

New research from WealthInsight has found that global anti-money laundering (AML) spending totaled $5.3 billion in 2012, up from $3.6 billion in 2008, The Paypers reported on August 7. This...

August 05, 2013
Oppenheimer Fined $1.4M For AML Violations

Oppenheimer & Co has agreed to pay $1.425 million in fines at the request of FINRA, Reuters reported on August 5. The fines stem from the sale of more than...

July 31, 2013
Today’s Briefs: August

Briefs from August 23, 2013 Uber Rakes In $360M In Latest FundingSan Francisco-based mobile taxi app provider Uber has raised $361 million as part of its latest private equity round,...

July 01, 2013
Bitcoin Exchange Mt. Gox Registers With U.S. Gov

Mt. Gox, the world’s largest bitcoin exchange, has filed paperwork with the U.S. Treasury to formally register as a currency exchange, IDG News reports. If approved, the move would bring...