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 federal law enforcement network has identified a surge of suspicious activity from San Francisco financial firms, including some of the world’s leading cryptocurrency trading...
Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of in 2022, as the industry exploded into the mainstream public consciousness....
The regulators sharpen their gaze, the legislators sharpen their pencils and bang the gavels — and Big Tech, banks and FinTechs are in the crosshairs,...
The amount cryptocurrency stolen, scammed and blackmailed nearly doubled in 2021. So, it stands to reason that money laundering would be up as well. Get...
South Korean cryptocurrency exchange Bithumb will no longer accept wallet addresses that haven’t been properly registered with the exchange as part of its enforcement of...
French investment group Wendel has made an agreement to acquire the Association of Certified Anti-Money Laundering Specialists (ACAMS) in a deal that values ACAMS at...
Companies started stepping up their identity verification protections amid rising security threats from hackers and fraud in 2021, says Bala Kumar, chief product officer at...
About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the...
The European Banking Authority (EBA) says banks in the European Union are blocking asylum seekers and other customers in misguided attempts to adhere to anti-money...