February 03, 2023
Swiss Prosecutors Looking Into 2022 Credit Suisse Data Leak
Switzerland aims to identify and prosecute those behind a 2022 Credit Suisse data leak. Reuters reported Friday (Feb. 3) that the country’s federal prosecutors have launched criminal proceedings and those responsible for the leak...
February 03, 2023
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable...
Not knowing who’s on the other side of the transaction is expensive. As noted here last month, financial institutions (FIs) were fined nearly $5 billion for anti-money laundering (AML) violations, breaches...
February 02, 2023
SendFriend Buys DigiPli to Boost Sanctions Screening and AML Controls
B2B FinTech company SendFriend has acquired U.S. compliance provider DigiPli. The move will combine DigiPli’s anti-money laundering (AML) model with SendFriend’s cross-border payments solution for financial institutions (FIs) needing access...
February 01, 2023
FTC and GoodRX Settle Complaint Around Health Breach Notification Rule
The Federal Trade Commission (FTC) has taken the first enforcement action under its Health Breach Notification Rule. The proposed order bars digital health platform GoodRX from sharing consumers’ health information...
February 01, 2023
Web3 Is Coming Fast, and Regulation Needs to Keep Pace
Web3 is a buzzword and concept that quickly rose to prominence during 2021 and 2022, alongside the continued investment in underlying blockchain technologies by institutions and nation-states across the board....
January 31, 2023
Eventus Unveils Anti-Money Laundering Platform Validus
Eventus has debuted an anti-money laundering (AML) platform for traditional finance and digital asset companies. The Austin-based company, which provides transaction monitoring and market risk solutions, announced the cloud-based tool...
January 26, 2023
Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. The Munich company announced the Series B on Thursday (Jan. 26), saying the funds would help it...
January 24, 2023
The Robinson-Patman Act: Everyone Old Is New Again
Originally passed in the mid-1930s to protect small grocery businesses in the face of fast-growing chain supermarkets that could negotiate steep discounts for bulk purchases, the Robinson-Patman Act prohibits price...
January 22, 2023
Competition Policy in Times of Inflation
By Richard May & Antonio Capobianco1 After years of appearing low and stable in many countries, inflation has recently risen across the developed world. The year-on-year percentage change in...
