The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024...
The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of...
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty to charges of enabling money laundering at Binance, CNBC reported Tuesday. The verdict was delivered in a federal court in Seattle by...
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a national security leader at New York-based blockchain data firm Chainalysis, Kristofer Doucette, released a report Monday (April...
May 16, 2024
The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of progress. And as the March 2025 adoption deadline for the ISO 20022 message format […]
April 26, 2024
Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as Chris Caruana, VP of Strategy...
November 22, 2023
Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional holdings of the more than...
March 02, 2023
Once businesses go digital, they don’t go back. After all, the future only moves in one direction. That’s according to Luke Trayfoot, chief revenue officer of online marketplace payment technology...
May 23, 2024
Toronto-Dominion Bank (TD Bank) reportedly fired more than a dozen employees and began an overhaul of its processes as part of its efforts to address earlier failings in its anti-money laundering (AML) program. As TD faces regulatory scrutiny and legal challenges, it has embarked on a comprehensive overhaul of its AML practices, The Wall Street Journal […]
May 16, 2024
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible...
April 30, 2024
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty to charges of enabling money...
April 29, 2024
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a...
