December 15, 2022
European Banks Pay for Anti-Money Laundering Failures
A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank with a £1.5 million ($1.83...
December 15, 2022
Backlog Forces Resignation of Germany’s Anti-Money Laundering Head
The leader of German’s anti-money laundering office has reportedly resigned. Christof Schulte, who had overseen Germany’s Financial Intelligence Unit (FIU) since 2018, stepped down Thursday (Dec. 15) following the revelation...
December 15, 2022
How Sam Bankman-Fried Propped Up His Hollow Empire With Hype
Sam Bankman-Fried was able to create a leading brand for himself and FTX almost overnight. Both his reputation and his cryptocurrency exchange crumbled into insolvency even quicker. The company’s marketing strategy...
December 15, 2022
How Sam Bankman-Fried Propped Up His Hollow Empire With Hype
Sam Bankman-Fried was able to create a leading brand for himself and FTX almost overnight. Both his reputation and his cryptocurrency exchange crumbled into insolvency even quicker. The company’s marketing...
December 15, 2022
Feds Shut Down Ring Offering DDoS Attack Services
Federal prosecutors have charged six men with waging a DDoS attack wave on websites worldwide. DDoS stands for “distributed denial-of-service,” or attacks that bombard targeted computers with information, blocking them...
December 15, 2022
An Insider on Why Banks Must Collaborate to Stay Ahead...
With a single fake identity, bad actors can wreak havoc by going from bank to bank and exploiting it for all they can get. In the “Digital Identity Tracker®," Lisa...
December 15, 2022
Global Growth Creates Compliance Challenge for Digital Brands
The digital economy’s capacity to operate in real time across international borders can add layers of complexity to businesses’ commercial opportunities. Digital businesses can launch globally as quickly as they...
December 15, 2022
FinTech-Powered Digital Financial Services Drive Small Business Growth
FinTechs are offering an alternative to cumbersome and risky corporate spending processes. And whether it’s freelancers or large enterprises, workers no longer have to go through the hassle of spending...
December 14, 2022
Pulse Check on Capitol Hill’s Plans for Crypto Markets Regulation
With crypto markets in turmoil, regulating the volatile industry has become a priority for lawmakers. This pivot comes as the collapse of cryptocurrency exchange FTX has sent tremors through the...
