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.
South Korea’s Financial Services Commission (FSC) has updated its anti-money laundering rules by requiring domestic banks to monitor all of the accounts held by cryptocurrency...
As the world continues its path to becoming more digital, risks are increasingly finding their way into transaction processes, and that calls for a different...
BitTorrent may be sold to blockchain firm TRON for the price of $140 million, The Next Web reported. According to reports, shareholders have not signed...
IdentityMind Global, the AML transaction monitoring company, announced on Wednesday (June 20) the launch of IdentityMind 2.0, which the firm is calling a new generation...
To help companies that want to jump into the artificial intelligence (AI) revolution — but are perhaps unsure where to actually start — the team...
Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. Get the Full Story Complete the form...
Meridian Trade Bank, which serves residents in Latvia and Lithuania as well as some non-European clients, has been fined for breaching anti-money laundering rules. Get...
With a market gap as wide as $1.5 trillion, it’s no wonder the trade finance industry has landed the attention of FinTechs at a lightning...
In order to prevent cybersecurity attacks, U.K. banks are going to have to take chances investing in new technologies at a time when the banks are...