American Express takes its responsibility to fight financial crime seriously and is committed to addressing concerns outlined by banking regulators, Chairman and CEO Stephen J. Squeri said in a statement released Thursday (Oct. 8). Squeri issued the statement on the same day the Office of...
Some of the world’s largest banks have reportedly handled billions of dollars for a Kremlin-backed FinTech that used forgery to enter the international financial system. An investigation by the Financial Times (FT) published Monday (Sept. 21) found that A7, a company established as an alternative...
Regulations can create winners and losers, as well as kick off unpredictable second-order effects. Most industries already know this. The digital asset sector, however, could be about to find out. On Thursday (May 14), the Senate Banking Committee advanced the long-debated CLARITY Act in a...
A global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian government’s anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. While the regulator largely found that the country’s protections and...
May 14, 2026
Regulations can create winners and losers, as well as kick off unpredictable second-order effects. Most industries already know this. The digital asset sector, however, could be about to find out. On Thursday (May 14), the Senate Banking Committee advanced the long-debated CLARITY Act in a 15-9 vote. The move marks the most significant congressional step […]
November 04, 2025
In September, the Treasury Department extended the public comment period on the implementation of the GENIUS Act, signaling both the complexity and sensitivity of shaping anti-money laundering (AML) and compliance...
June 02, 2025
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. But the recent...
April 01, 2025
Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of...
October 14, 2026
The U.S. Department of Justice (DOJ) is reportedly investigating the chain of companies surrounding payments firm Euro Exchange Securities. This probe comes after British authorities seized Euro Exchange in June for possible anti-money laundering (AML) violations, Bloomberg News reported Wednesday (Oct. 14). The DOJ is seeking information from the court-appointed administrators handling the wind-down of Euro Exchange […]
October 08, 2026
American Express takes its responsibility to fight financial crime seriously and is committed to addressing concerns outlined by banking regulators, Chairman and CEO Stephen J. Squeri said in a statement...
September 22, 2026
Some of the world’s largest banks have reportedly handled billions of dollars for a Kremlin-backed FinTech that used forgery to enter the international financial system. An investigation by the Financial...
April 23, 2026
A global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian government’s anti-money laundering, counter-terrorist financing...
