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.
Germany’s main financial regulator, the Federal Financial Supervisory Authority (BaFin), has ordered German neobank N26 to increase its anti-money laundering (AML) efforts, according to an...
Turkey has added cryptocurrency trading platforms to its list of firms covered by anti-money laundering (AML) and terrorism financing regulation, Reuters reported. Get the Full...
Germany’s Federal Financial Supervisory Authority (BaFin), the country’s central financial regulator, has ordered Deutsche Bank to toughen its anti-money laundering (AML) controls, the agency said...
In the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course,...
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To provide a digital payment offering to financial institutions (FIs) working with cannabis-related businesses (CRBs), digital payment company Spence Labs has collaborated with cannabis banking...
The pandemic-driven digital payment surge has kept anti-money laundering (AML) teams on their toes, but many have focused too heavily on money laundering without rooting...
The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very...
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