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.
Traditional compliance methods face a tough battle in the cryptocurrency world. Pseudonymity, code-driven transactions and borderless systems, it turns out, don’t naturally mesh with laws...
The Financial Crimes Enforcement Network (FinCEN) is seeking comments on a proposed survey designed to gather information on the direct compliance costs incurred by non-bank...
Mastercard and Smile ID plan to accelerate the rollout of secure digital identity solutions across Africa to enable enterprises to onboard new customers faster. The...
Anti-money laundering (AML) and countering the financing of terrorism (CFT) need streamlining and modernizing as financial institutions face new threats from cyber criminals and illicit...
When the Consumer Financial Protection Bureau posts a notice in the Federal Register, the language is usually dense, procedural and, at least for some, easy...
Money movement is, ultimately, all about counterparties. This simple fact has long frustrated the crypto community, particularly as it relates to its upstream implications around...
Paxos agreed to pay a $48.5 million settlement to the New York State Department of Financial Services (NYDFS). The settlement is related to the digital currency...
The Financial Technology Protection Act (H.R. 2384) was one of 12 financial services bills passed this week by the House of Representatives. The 12 bills...