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.
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. Get the Full Story Complete the form to unlock this article...
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering. Get the Full Story Complete the form to unlock this article...
The Financial Intelligence Unit India (FIU IND) aims to block the URLs of nine offshore virtual digital asset service providers (VDA SPs). Get the Full...
Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas. Get the Full Story Complete the form to unlock this article and...
The holidays are approaching, and generative artificial intelligence shows no sign of slowing down. Get the Full Story Complete the form to unlock this article...
Estonia-based Salv, a provider of financial crime compliance solutions, has raised 3.9 million euros ($4.29 million) in new funding to fuel its expansion in the United...
OTTO Payments, the payments division serving the OTTO marketplace, has adopted Hawk AI’s solutions for anti-money laundering (AML) compliance. Get the Full Story Complete the...
Officials in Europe are launching an authority to combat money laundering and terrorism financing. Get the Full Story Complete the form to unlock this article...