Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
CSI has launched an artificial intelligence (AI)-powered anti-money laundering (AML) solution and said it plans to add more solutions of this kind later this year....
Crypto company Anchorage Digital Bank is reportedly being investigated by the Department of Homeland Security (DHS). The nature of the investigation is not known, but...
Block will pay a $40 million penalty over anti-money laundering deficiencies in its Cash App. The New York Department of Financial Services (NYDFS) announced the penalty Thursday (April 10), saying it...
Fraud and money laundering prevention provider Hawk has raised $56 million in new funding. The Germany-based company says its Series C round, announced Tuesday (April...
A deep dive into Federal Deposit Insurance Corp.’s (FDIC) Office of Inspector General’s latest audit and report on the agency reveals key risks to banks:...
TD Bank said Thursday (Feb. 27) that U.S. authorities selected consulting firm Guidepost Solutions as the independent monitor to oversee the bank’s remediation efforts. Leo...
The stablecoin market is positioning itself as at the forefront of payments innovation, and that forefront is at an inflection point. On Tuesday (Feb. 25),...
The operator of the OKX cryptocurrency exchange has admitted to breaking anti-money laundering (AML) laws. As part of the plea, Aux Cayes FinTech — doing business as OKX —...
Another big bank CEO says that claims about politically motivated “debanking” are unfounded. In a speech before the Economic Club of Washington, D.C., Bank of America CEO Brian...