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.
Société Générale S.A. of Paris, France has agreed to pay U.S. federal and state authorities $1.34 billion to resolve legal disputes due to the firm’s...
To look into crimes involving digital currencies, U.S. Deputy Attorney General Rod Rosenstein is looking for international support. He took on the topic at Interpol’s...
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause...
The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to...
The Federal Trade Commission (FTC) said on Thursday (Nov. 8) that MoneyGram will pay $125 million in penalties after having violated a six-year-old settlement tied to...
Lender Investors Bancorp is reportedly ready to start reaching out to potential buyers as it considers a sale. According to The Wall Street Journal, Investors, which...
The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in the company’s Bank...
Verifying the identities of new users during onboarding is only part of the authentication challenge. Many consumers — particularly younger, tech-savvy ones — want access...
CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution. Get the Full Story Complete the form to...