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.
Know Your Customer (KYC) regulations are tightening, but due diligence goes both ways in the buyer-supplier relationship, leading to a rise in Know Your Supplier...
Charges of money laundering and illegal money transmission have been levied against a 21-year-old bitcoin dealer in California. Get the Full Story Complete the form...
1,500 complaints about suspicious activity per month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Law enforcement officials are seeing a rise in money laundering cases in Canada, and some say the country isn’t doing enough to clamp down on...
Swiss startup Liquineq believes it can disrupt banking by safely and securely processing transactions within seconds using blockchain. Get the Full Story Complete the form...
“Fake it ‘til you make it” is a familiar idiom with roots in the great teachings of Aristotle, who once said that a person who...
FitPay, the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own...
Trulioo, the global identity verification company, announced Tuesday (July 24) that it started offering instant ID verification for consumers in the Philippines. In a press...
Sizzle Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...