The federal government spent years building toward a centralized answer to one of banking’s oldest compliance questions: Who actually owns the company moving the money? Now, much of that answer is disappearing. Get the Full Story Complete the form to unlock this article and enjoy...
Four U.S. regulators have reached separate agreements with UBS Financial Services in which the company will pay a total of $125 million to settle violations of Bank Secrecy Act (BSA) anti-money laundering (AML) and countering the financing of terrorism (CFT) rules. Get the Full Story...
Five federal agencies are seeking public comment on a proposal to require certain payment stablecoin issuers to maintain a customer identification program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement efforts are part of its current rulemaking process. Get the Full Story Complete the form to unlock this article and...
August 14, 2026
Financial institutions have spent years trying to see more suspicious activity. New data from the Financial Crimes Enforcement Network (FinCEN) suggests the more valuable question may be whether they can see enough of the activity together. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS […]
April 08, 2026
Regulators’ proposed anti-money laundering (AML) rulemaking, introduced this week, offers a clear path for how compliance will be expected to operate as financial services continue to digitize and expand across...
January 06, 2025
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is...
April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
August 03, 2026
Four U.S. regulators have reached separate agreements with UBS Financial Services in which the company will pay a total of $125 million to settle violations of Bank Secrecy Act (BSA) anti-money laundering (AML) and countering the financing of terrorism (CFT) rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited […]
June 18, 2026
Five federal agencies are seeking public comment on a proposal to require certain payment stablecoin issuers to maintain a customer identification program. Get the Full Story Complete the form to...
June 17, 2026
Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement efforts are part of its...
April 08, 2026
The Treasury Department has proposed a rule that would require permitted payment stablecoin issuers (PPSIs) to adhere to anti-money laundering (AML) and sanctions compliance obligations. Get the Full Story Complete the form to unlock...
