(source: en.wikipedia.org)
Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said...
Reduced cryptocurrency activity last year helped lead to a corresponding decline in crypto money laundering. That’s according to a recent report on crypto crime from...
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...
The Federal Trade Commission (FTC) has begun sending refunds to consumers who lost money in a tech support scam facilitated by payment processor Nexway. This move follows a...
India’s banking regulator has reportedly found thousands of Paytm Payments Bank accounts created without proper identification. The Reserve Bank of India (RBI) has turned this information...
Last November, Binance paid a landmark $4.3 billion settlement to the U.S. government. Since then, the world’s largest cryptocurrency exchange has recorded net inflows of $4.6 billion, Bloomberg...
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...
Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make...