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.
For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC)...
What a difference a week makes. It was only on Nov. 2 that Coindesk exposed the ties between FTX and Alameda Research, the crypto exchange...
When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it...
Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...
The Swiss Financial Market Supervisory Authority (FINMA) is extending the scope of its anti-money laundering (AML) ordinance to cover cryptocurrency assets. The adjusted regulations, which...
In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...
Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. The agreement, announced by a...
Today in Europe, the Middle East and Africa, Mastercard announced an investment in Egypt’s FinTech-focused venture capital platform nClude and HSBC launched a new digital...