Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...
PortX, an integration technology company for financial institutions (FIs), has teamed with compliance platform Hummingbird. The collaboration is designed to make it easier for FIs to use...
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed...
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering. Donna Achimov, deputy director of the country’s Financial Transactions and Reports Analysis...
OTTO Payments, the payments division serving the OTTO marketplace, has adopted Hawk AI’s solutions for anti-money laundering (AML) compliance. The organization will use Hawk AI’s...
Officials in Europe are launching an authority to combat money laundering and terrorism financing. Known as ALMA, the group will have “direct and indirect supervisory powers over...
Changpeng Zhao, the co-founder of cryptocurrency exchange Binance Holdings, is reportedly facing legal restrictions that prevent him from returning to his home in the United Arab...
Changpeng Zhao, founder and CEO of Binance, the world’s largest cryptocurrency exchange, has reportedly agreed to step down and plead guilty to violating criminal U.S....
FinTech company Jack Henry has introduced a new tool to help banks combat fraud. The firm’s Financial Crimes Defender, announced Monday (Oct. 16), is a cloud-native, real-time fraud...