Found 179 results in 1 second.
In February 2024, Piermont Bank and Sutton Bank each became subject to consent orders issued by the Federal Deposit Insurance Corp.
BaaS, fintech, consent, regulation, AML
The Swiss Financial Market Supervisory Authority (FINMA) has announced that it fined private financial institution Bank Audi for violating money laundering regulations.
regulation, compliance, AML, money laundering, fraud prevention
Philippines has planned to block the Binance exchange by June 2024, giving time for investors to close their positions held via the exchange.
cryptocurrency exchange, regulation, AML, compliance, trading platform
The European Union has decided to issue a ban on cryptocurrency transactions that involve unverified non-custodial wallets.
cryptocurrency, regulation, digital wallet, transactions
UK-based AML specialist SmartSearch has analysed global AML events and published a new report which showcases drug trafficking as one of the most prevalent issues.
report, AML, financial crime, cryptocurrency, fraud prevention
Adam McLaughlin from Nice Actimize emphasises the crucial distinction financial institutions need to make between efficiency and effectiveness in adopting technology, as compliance goes beyond mere checkbox activities.
compliance, financial crime, financial institutions, transaction monitoring, Sanctions Screening, fintech, data, artificial intelligence, machine learning, risk management
The European Data Protection Supervisor (EDPS) has investigated the European Commission's use of Microsoft 365 and found several violations of data protection rules.
regulation, data, data protection, data breaches, financial data
Vlad Macovei from The Paypers emphasises the worldwide move toward Open Data regulation, including the EU's Data Act, changing North American data privacy laws, and global legal approaches to data privacy.
open data, Open Banking, Open Finance, regulation, data sharing, GDPR, data protection, artificial intelligence, Digital Markets Act (DMA), PSD2, banking, fintech
The Financial Intelligence Unit (FIU) from India has announced that it imposed a monetary penalty of approximately USD 662,565 on Paytm Payments Bank.
regulation, AML, money laundering, banking, digital banking
Cryptocurrency exchange Binance has received approval from a US judge to pay USD 4.3 billion for violating anti-money laundering (AML) and sanctions laws.
AML, cryptocurrency, cryptocurrency exchange, regulation, KYC
Gabriel Lucas and Chaira Mekkaoui, Associate Directors at Redbridge Debt and Treasury Advisory, discuss the importance of balancing legacy technology and digital transformation.
cross-border payments, ecommerce, digitalisation, digital payments, customer experience, compliance, risk management, GDPR
India-based digital payments app Paytm has partnered with private sector financial institution Axis Bank to support settlement of merchant payments.
partnership, payments , banking, KYC, settlement
India-based digital payments app Paytm has engaged in talks to acquire Bengaluru-based interoperable ecommerce startup Bitsila.
acquisition, digital payments, ecommerce, payments
The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.
cryptocurrency, regulation, financial crime, digital assets
Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.
penalty, money laundering, financial crime, financial sanctions, financial institutions
India-based Paytm has suffered a significant dip in its market valuation following an order issued by the Reserve Bank of India.
banks, compliance, regulation, payments
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have announced charges against a HyperFund cryptocurrency fraud scheme.
cryptocurrency, investment, crypto asset, digital currency
The Federal Reserve Financial Services has launched a new ACH risk management service to help financial institutions in their fraud detection efforts.
risk management, fraud management, product launch, financial services, financial institutions
Trustmi, a player in business payment security, has launched its Sarbanes-Oxley (SOX) Compliance solution for business payments.
product launch, artificial intelligence, compliance, online security, cybersecurity
The Google Play Store in India has removed the Binance and OKX cryptocurrency exchange apps following a noncompliance notice issued by the government.
compliance, cryptocurrency exchange, cryptocurrency, regulation