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.
The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and...
No other industry has more at stake in digital identity verification than financial services, a future Zil Money’s Justin Timlin says will be driven by...
As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than...
This week in TechREG, regulators in Europe and the United Kingdom continue exploring new rules in the cryptocurrency space. Get the Full Story Complete the...
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission has...
The European Supervisory Authorities (ESAs) published a joint report on Thursday (June 1) advocating for the introduction in all relevant EU sectoral laws of a...
Today in TechREG, three European Union supervisory authorities, including the banking and financial markets authorities, advocated for amending sectoral laws to include more powers to...
Cryptocurrency exchanges that commit serious breaches of anti-money laundering (AML) rules should lose their licenses, a group of EU financial officials said Wednesday (June 1)....
The European Parliament may soon decide whether to approve a proposal to expand a “travel rule” for crypto firms that would include virtually every single...