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.
Morgan Stanley is reportedly facing a regulatory investigation into its money laundering prevention measures. The Financial Industry Regulatory Authority (FINRA) has launched a probe into whether the investment...
The Treasury Department plans to delay for two years the implementation of a new anti-money laundering rule focused on investment advisers while one of its...
Six state regulators have secured a $4.2 million settlement from Wise US that resolves the regulators’ allegations that the company had inadequacies in its Bank Secrecy...
New Zealand wants to outlaw cryptocurrency ATMs and place limits on overseas cash transfers. Nicole McKee, the country’s associate justice minister, announced these plans Wednesday (July 9)...
Crypto has long been, and still can be, a safe haven for bad actors. That simple fact has long made digital asset custody a thorny...
The Financial Action Task Force (FATF) has updated its list of countries with financial-crime-prevention deficiencies. The international body announced after its meeting this week that...
Financial crime prevention firm NetGuardians has merged with transaction data analytics provider Intix. The merger, announced in a news release Thursday (June 19), combines the...
A German financial watchdog has reportedly recorded a record number of crypto-related suspicious activity reports. Notifications from banks and financial services companies related to cryptocurrency...