AML

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.

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Big Tech Antitrust Examination By AGs Gathers Steam
Big Tech Antitrust Examination By AGs Gathers Steam
November 18, 2019  |  ANTITRUST

Antitrust headlines dominated the regulatory sphere this past week – focused, of course, on marquee names such as Facebook and Google. Get the Full Story...

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‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
‘Travel Rule’ To Force Crypto Exchanges To Share Customer Data
November 15, 2019  |  Cryptocurrency

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S. government is going to strictly oversee...

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Germany To Force Mobile Payment Providers To Share Systems With Rivals
Germany To Force Mobile Payment Providers To Share Systems With Rivals
November 15, 2019  |  Apple

Apple criticized German lawmakers’ vote to pass new legislation that would force it to open up its mobile payment system to rival providers, Reuters reported...

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Amid KYC/AML – And eCommerce – Biometrics Gain Support
Amid KYC/AML – And eCommerce – Biometrics Gain Support
November 14, 2019  |  Today In Data

Customers want speed and security when transacting online or with various FIs and merchants. The problem is that fraudsters have increasingly been crafting new ways...

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How SMBs’ Digital Banking Demands Change The KYC Challenge For Banks
How SMBs’ Digital Banking Demands Change The KYC Challenge For Banks
November 14, 2019  |  B2B Payments

While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is...

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FinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
FinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
November 14, 2019  |  AML

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and Countering Financing of...

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Why FATF’s New Digital ID Report Will Be A Boon For Payments
Why FATF’s New Digital ID Report Will Be A Boon For Payments
November 13, 2019  |  Security & Fraud

The timing seems about right. As a brand-new decade looms – one that promises great strides for digital payments and commerce – digital ID, already...

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