The Federal Reserve Board plans to amend its requirements for banks to maintain anti-money laundering (AML) programs to, among other things, require them to focus...
The Financial Crimes Enforcement Network (FinCEN) is seeking comments on a proposed survey designed to gather information on the direct compliance costs incurred by non-bank...
Six state regulators have secured a $4.2 million settlement from Wise US that resolves the regulators’ allegations that the company had inadequacies in its Bank Secrecy...
The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. Get...
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. Get the Full Story...
The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency. Get the Full Story Complete the form to unlock...
WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts. Get the Full Story Complete...
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Get the Full Story Complete the form to unlock this article...