The next frontier of know your business (KYB) may have surprisingly little to do with knowing whether a business exists. Instead, the governance and operational advantage is shifting to how a business has changed since Firm A last engaged with Firm B, or C or...
The Justice Department’s new National Fraud Enforcement Division is preparing to use vast government and commercial datasets to identify suspected fraud before receiving a whistleblower complaint, agency referral or corporate disclosure, potentially changing how businesses assess and manage enforcement risk. The division’s first comprehensive statement...
A Russian national who was allegedly involved in large-scale bank account takeover activity was arraignedFriday (Sept. 4) in the Northern District of Georgia after being extradited from the Republic of Georgia, the U.S. Justice Department said in a Monday (Sept. 8) press release. Sergei Anatolyevich...
On the eve of Chinese President Xi Jinping’s visit to Washington, where artificial intelligence governance and competition will be on the agenda, the Trump administration on Tuesday (Sept. 1) jumped into one of the highest profile lawsuits over the use of copyrighted material to train...
April 23, 2025
The U.S. government’s evolving approach to crypto regulation could mark a pivotal moment for payments innovation. “There’s certainly a change in how the administration views the digital assets industry,” Dan Boyle, partner at Boies Schiller Flexner, told PYMNTS CEO Karen Webster. “This is not a confrontational posture.” Until recently, the U.S. Department of Justice (DOJ) operated […]
December 26, 2024
Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics of debit payments may also...
March 13, 2024
Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting in an estimated $75 billion...
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...
September 25, 2026
The Justice Department seized bank accounts of Montana-based payments business Capstone, alleging that the company was unlicensed, misrepresented its business to U.S. banks and may have made payments on behalf of two unnamed cryptocurrency firms, the Financial Times reported Friday (Sept. 25). The FT reported, citing unnamed sources, that the two firms are stablecoin issuer […]
September 08, 2026
A Russian national who was allegedly involved in large-scale bank account takeover activity was arraignedFriday (Sept. 4) in the Northern District of Georgia after being extradited from the Republic of...
August 13, 2026
The Department of Justice’s National Fraud Enforcement Division, which was created earlier this year, will have about 500 attorneys by Aug. 24 and will continue growing after that, according to...
July 20, 2026
The Justice Department has seized more than 1,000 domains illegally streaming World Cup matches. The seizures, announced Monday (July 20), took place in three different actions during the global soccer...