Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for...
European digital bank N26 reports that Germany’s Federal Financial Supervisory Authority (BaFin) has lifted its growth restrictions on the company, effective June 1. This move...
Toronto-Dominion Bank (TD Bank) reportedly fired more than a dozen employees and began an overhaul of its processes as part of its efforts to address earlier...
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to...
The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently...
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty...
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition...
Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as...