Source: en.wikipedia.org
Fraudsters are reportedly trading massive scam operations for smaller and more profitable schemes using artificial intelligence (AI). That’s according to Giles Thomson, president of the Financial Action...
The growing adoption of stablecoins and other virtual assets (VAs) “could amplify illicit finance risks,” the Financial Action Task Force (FATF) said Thursday (June 26)....
The Financial Action Task Force (FATF) has updated its list of countries with financial-crime-prevention deficiencies. The international body announced after its meeting this week that...
Each year, money launders funnel $2 trillion in ill-gotten gains into the financial system. And a lot of that money travels by air, in cash,...
As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task...
The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. FATF, which sets global standards for anti-money laundering and countering the financing...
Too many countries lack legal frameworks to fight the use of cryptocurrency in money laundering or terrorist funding, according to a Paris-based intergovernmental group that...
The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list”...