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 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...
Today in TechREG, European Union negotiators have reached an agreement about the scope of anti-money laundering (AML) rules for cryptocurrency transactions. While most of the...
EU policymakers agreed on new anti-money laundering (AML) rules for crypto transactions on Wednesday, June 29. The agreement contemplates that for transactions between digital wallet...
This week, members of the EU Parliament and the European Commission and representatives of the member states will continue the negotiations regarding the scope of...
U.S. legislators say they are getting closer to adopting what could be the biggest anti-money laundering (AML) reforms in decades. As the International Consortium for...