money laundering

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.

Source: en.wikipedia.org

Money Talks, and Now It Also Has a Museum in Boston’s Seaport
Money Talks, and Now It Also Has a Museum in Boston’s Seaport
April 19, 2025  |  The Weekender

Come July 1, 2026, Boston’s Seaport will welcome a new kind of tourist attraction, one that will be near and dear to the hearts of...

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Report: Crypto Firm Anchorage Digital Bank Investigated by Homeland Security
Report: Crypto Firm Anchorage Digital Bank Investigated by Homeland Security
April 14, 2025  |  Cryptocurrency

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...

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Block Fined $40 Million for Cash App’s Anti-Money Laundering Failures
Block Fined $40 Million for Cash App’s Anti-Money Laundering Failures
April 10, 2025  |  AML

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...

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Hawk Raises $56 Million to Help Banks Counter Financial Crime
Hawk Raises $56 Million to Help Banks Counter Financial Crime
April 08, 2025  |  Fraud Prevention

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...

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OKX Crypto Exchange Fined $500 Million for Anti-Money Laundering Violations
OKX Crypto Exchange Fined $500 Million for Anti-Money Laundering Violations
February 26, 2025  |  AML

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 —...

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BofA CEO: Over-Regulation Bars Customers From Banking System
BofA CEO: Over-Regulation Bars Customers From Banking System
February 25, 2025  |  Banking

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...

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Trumpcoins, Global Growth and Regulatory Battles Defined Crypto This Week
Trumpcoins, Global Growth and Regulatory Battles Defined Crypto This Week
January 29, 2025  |  Cryptocurrency

Political favor, institutional acceptance and regulatory scrutiny are increasingly colliding to redefine the digital asset landscape. At the heart of this transformation is the ongoing...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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5 Banks Enter Into Stipulated Orders and Written Agreements With FDIC
5 Banks Enter Into Stipulated Orders and Written Agreements With FDIC
December 27, 2024  |  Bank Regulation

Five banks entered into stipulated orders and written agreements with the Federal Deposit Insurance Corporation (FDIC) in November. These cases were among 13 FDIC enforcement decisions and...

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