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.
Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest about eCommerce and payments in...
The leader of the global anti-money laundering (AML) task force said he was “optimistic” that it is closer to establishing worldwide standards that apply to...
Credit Suisse has been censured by FINMA, the Swiss financial supervisor, for weak anti-money laundering processes, reported Financial Times. Get the Full Story Complete the...
High-profile digital currency firms are reportedly banding together to create a lobbying organization called the Blockchain Association, The Washington Post reported. The group’s first focus...
Denmark is working on new legislation that will increase money laundering fines by about eightfold. According to Bloomberg, the new bill by the Danish Financial Supervisory...
Banking during the pre-digital days involved transport. One had to visit a branch — and remember, there is a reason people still joke about bankers’...
The European Commission is crafting a proposal aimed at giving the European Banking Authority more enforcement powers and resources to go after banks that are...
The best thing about living in the digital age, DataVisor CEO and Co-Founder Yinglian Xie told Karen Webster in a recent conversation, is the convenient access...