Find here all the latest articles, news, and research on Money Laundering and other Money Laundering-related topics:
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Dr. Henry Balani from Encompass Corporation explores how corporate digital identity tokens can transform and enhance corporate KYC processes.
digital identity, KYC, KYB, money laundering, corporate identity, identity verification, risk management, regtech
Block, the owner of Cash App, has to pay USD 40 million in civil fines to New York’s financial services regulator over compliance failures.
AML, regulation, compliance, money laundering, financial crime
Dheeraj Maken, Practice Director at Everest Group, discusses the surge in synthetic identity fraud and what financial institutions in the US can do to spot and deter it.
synthetic identity, fraud detection, online fraud, fraud management, identity theft, identity verification, identity fraud, deep fake, regulation, money laundering, money transfer, credit card, credit card fraud, artificial intelligence, generative AI, GenAI
Barclays has revealed an FCA money-laundering probe and tax fight, as well as provisioning GBP 90 million for potential car finance mis-selling costs.
compliance, fraud management, money laundering, fraud prevention
Spain-based Banca March has been under scrutiny, facing a EUR 605,424 fine due to suspected breaches of Anti-Money Laundering (AML) regulations.
AML, money laundering, regulation, financial services, online security, fraud management
UK-based regtech Napier AI has announced that it obtained a majority growth investment from Marlin Equity Partners, with the deal allowing the company to further solidify its market position.
investment, AML, CFT, money laundering, artificial intelligence
Argentina has implemented new procedures to guide law enforcement in handling digital assets involved in criminal activity.
cryptocurrency, fraud prevention, money laundering, stablecoin
Criminal network that abused the EU’s temporary protection status in order to move EUR 35.7 million has been cracked down by law enforcement across Europe.
fraud management, money laundering, fraud detection, fraud prevention
Bank of America (BofA) and JP Morgan have announced their intention to lobby the White House and Congress following accusations of closing accounts of conservative customers for political reasons.
regulation, financial services, financial institutions, KYC, money laundering
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have released a joint report analysing developments in the crypto-asset sector.
DeFi, crypto, report, regulation, money laundering
As compliance remains a top priority for financial institutions, Adam McLaughlin, AML Subject Matter Expert at NICE Actimize, provides key insights into sanctions screening challenges within real-time payments (RTP).
financial sanctions, regtech, real time payments fraud series, real-time payments, transaction monitoring, money laundering, artificial intelligence
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has enforced a USD 2.46 million administrative penalty on Exchange Bank of Canada for not falling in line with money laundering regulations.
money laundering, regulation, AML, financial crime, financial sanctions, financial institutions
AUSTRAC has established an internal cryptocurrency task force to identify and take action against crypto ATM providers that do not comply with the country's anti-money laundering laws.
cryptocurrency, AML, money laundering, fraud management, fraud prevention
UK-based working capital digital platform Stenn has crumpled into administration following a reference to the fintech in a US criminal prosecution about a Russian money laundering case.
regulation, money laundering, online fraud, payment fraud, fintech
Santander has handled 22.467 money mule cases in the 12 months between October 2023 and September 2024 and published a report on its findings.
fraud prevention, money laundering, money scam, report, romantic scam
Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has entered into a memorandum of understanding with three US federal banking agencies.
partnership, money laundering, compliance, AML, regulation
South Korea has ramped up its regulatory scrutiny of cryptocurrency exchanges such as Upbit, focusing on compliance with Know Your Customer (KYC) requirements.
cryptocurrency exchange, regulation, KYC, money laundering
Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.
banking, fraud detection, fraud management, money laundering, financial services, financial institutions
The first Plenary session of the Financial Action Task Force (FATF) under the Mexican Presidency of Elisa de Anda Madrazo has concluded.
money laundering, fraud prevention, fraud detection, fraud management
Nigeria’s Economic and Financial Crimes Commission (EFCC) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.
cryptocurrency, money laundering, regulation, cryptocurrency exchange