April 18, 2024
UnitedHealth Reports Processing Issues at Change Healthcare
Change Healthcare’s troubles are apparently not over. The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some...
April 17, 2024
Finix Launches Tool to Onboard Merchants for Payment Acceptance
Full-stack payment processor Finix has launched a solution that allows businesses to onboard merchants for payment acceptance in a streamlined way. The new Merchant Underwriting solution also ensures that the businesses remain current...
April 17, 2024
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would require stablecoin issuers to maintain...
April 16, 2024
Congress Calls for Proactive Policies to Combat Security Breaches
The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left...
April 15, 2024
FinCEN Warns Banks to Watch for Passport Card Fraud
Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a...
April 11, 2024
Sam Bankman-Fried Appeals Conviction and Sentence, Faces Yearslong Process
Sam Bankman-Fried appealed his conviction and 25-year prison sentence Thursday (April 11). The FTX founder, who was convicted in November 2023 and sentenced in March for stealing $8 billion from...
April 11, 2024
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. The Securities and Exchange Commission (SEC), the Office of the...
April 11, 2024
Investigation Into Morgan Stanley’s Wealth Arm Underscores Scrutiny of AML...
Anti-money laundering (AML) defenses might begin at the point of onboarding. The needs are for all manner of firms — and especially banks and investment management companies — to embrace...
April 10, 2024
Compliance Officers Say Crypto Industry Can Learn From Exchanges’ Settlements
The cryptocurrency industry can learn lessons from the settlements three crypto exchanges reached with regulators. So said the chief compliance officers of Binance, Coinbase and Kraken while speaking Wednesday (April 10)...
