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.
Criminals are not the only elements that can vex financial institutions when it comes to protecting against money laundering. False positives — instances of potential...
The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. Get the Full Story Complete...
Cryptocurrency exchanges in Canada will now only have to report transfers of more than CA$10,000 ($7,663). Get the Full Story Complete the form to unlock...
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In the pre-digital age of financial services, AML/KYC was a very slow process. The government would put out their lists of sanctioned entities – hostile...
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s...
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes, according to a...
As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said to be working...