Anti Money Laundering/page/5 news and trends

OCC and Fed Fine American Express $350 Million Over AML Deficiencies
AML // 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 released Thursday (Oct. 8). Squeri issued the statement on the same day the Office of...

Russian FinTech Allegedly Laundered $6.9 Billion Via Global Banks
Banking // 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 Times (FT) published Monday (Sept. 21) found that A7, a company established as an alternative...

Crypto’s Big Senate Win Leaves Banks With Bigger Worries
Cryptocurrency // 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...

FAFT Wants Italy to Strengthen Money Laundering Protections
AML // 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 and proliferation financing (AML/CFT/CPF) measures. While the regulator largely found that the country’s protections and...

Interviews & Exclusives
Crypto’s Big Senate Win Leaves Banks With Bigger Worries

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 […]

Banks and FinTechs Press Treasury on Compliance Gaps in GENIUS Act

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...

3 Takeaways as Enforcement Actions and Data Breaches Roil BaaS Models

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...

Congress Urged to Reform AML Rules, Repeal Corporate Transparency Act Amid Rising Fraud Costs

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...

Quick Reads
DOJ Opens Inquiry Into Payments Firm Euro Exchange

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 […]

OCC and Fed Fine American Express $350 Million Over AML Deficiencies

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...

Russian FinTech Allegedly Laundered $6.9 Billion Via Global Banks

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...

FAFT Wants Italy to Strengthen Money Laundering Protections

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...