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.
Maximizing money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made fraud a pervasive threat to this...
Digital payments FinTech Flutterwave has denied any wrongdoing after a court in Kenya froze its bank accounts. As Bloomberg News reported Thursday (July 7), Kenya’s...
Anti-money laundering (AML) software maker Lucinity has raised $17 million in a Series B round, the Icelandic company announced Thursday (July 7). Founder and CEO...
Figuring out the best way to maximize money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made...
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...
The trade group UK Finance recently published its annual fraud report, and the picture isn’t pretty for British consumers. Financial fraud in the country rose...
Where consumers once had to wait for payments to post, they now expect their money to move instantly between accounts. Maximum money mobility is the...
Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that...
This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will...