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.
While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified...
U.S. Bancorp is hopeful that an order issued aimed at getting the bank to strengthen its anti-money laundering efforts will be lifted by the end...
Bill Gates took on cryptocurrencies and the future of transportation in an ask me anything (AMA) session on Reddit. And, while he believes innovations in...
The irony of cryptocurrency is that, the more mainstream it gets, the less it’s able to do what it was designed to do — that...
Not everyone gets a trophy, an inevitable truth discovered by the U.S. Olympic team in Pyeongchang — at least so far. Get the Full Story Complete...
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime Minister Māris Kučinskis...
U.S. Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the...
IdentityMind Global announced that it has closed a $10 million Series C round of financing. Get the Full Story Complete the form to unlock this...