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.
A global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian...
Embedded finance firm Synctera has acquired compliance startup Cable. The deal, announced Tuesday (April 14), is designed to complement Synctera’s offerings in compliance areas such as know your customer (KYC)....
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and three federal financial regulators proposed rules Tuesday (April 7) that they said will modernize their anti-money laundering and countering...
Bad bots used to be a nuisance. They had weird names like YissouSpider and Yandex. They were something for cybersecurity teams to tune out with...
Watch more: Digital Shift With Flagright’s Madhu Nadig Scale is fast becoming a central challenge in financial crime compliance. As digital payments expand and real-time...
The U.S. Treasury thinks that the current problem with crypto is its opacity, not its existence. A new policy report released to Congress from Treasury...
Artificial intelligence (AI) and machine learning are playing a key role in TD Bank Group’s “No. 1 priority,” its U.S. anti-money laundering (AML) remediation program,...
There’s an unavoidable paradox at the heart of stablecoins’ growth story. The tokenized assets promise to modernize money by making dollars programmable, portable and instantaneous,...