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.
Spending on blockchain technologies will ramp up to $9.2 billion by 2021, according to International Data Corporation (IDC) figures. Its latest Worldwide Semiannual Blockchain Spending...
Some of America’s leading universities are adding a new course to their roster – call it Bitcoin 101. Graduate classes at schools such as Duke...
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Money changing hands internationally is a process that carries with it all sorts of speed bumps, especially amid regulatory scrutiny. Payments can be made smoother...
The paper chase bedevils efficient buyer/supplier relationships, particularly with large corporates buyers. Previse’s CEO Paul Christensen says the enemy is process when it comes to...
The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering,...
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Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services....
The Senate Banking Committee’s first hearing of 2018 shows that Congress is interested in reforming illegal financing and money laundering regulations this year. Get the...