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.
Privacy is a chief concern among internet users, with 75% of Americans concerned about their privacy online and 70% believing their data is less secure now...
National Australia Bank (NAB) said Monday (June 7) it is under investigation for breaches of the country’s money laundering and counter-terrorism laws. According to a Reuters...
Challenger banks live up to their moniker as “challenger” by using new tech to deliver a better and more convenient digital experience. In the Digital...
In today’s top news, bitcoin fell after Elon Musk said Tesla will no longer take cryptocurrency as a payment form, and LendingClub is partnering with...
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. A presidential decree...
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,...
The banking industry has long been mired in legacy systems and traditional processes, in many ways has become the exemplar of the stuffy, old-fashioned business...