U.S. Advisories Clarify Financial Institutions May Face Penalties For Facilitating Ransom Payment
Financial institutions play a critical role in the collection of ransom payments, two U.S. Treasury agencies …
Figures Emerge On China's Crypto Crackdown
China has shut down 88 trading platforms and imprisoned four individuals since 2018 as part …
U.S. Consults On AML Rule Renewal For Correspondent Banks
The Financial Crimes Enforcement Network (FinCEN) is seeking public comment concerning the renewal, without change, …
Baltic Industry And Regulators Clash Over KYC Utility - Bank of Lithuania AML Day
Industry and regulators have clashed during Lithuania central bank’s conference about who should be responsible for …
FCA Primed For Revision Of Regulatory Perimeter
Crypto-assets and the ongoing incursion of technology firms into the UK financial sector remain on …
Westpac Settles Australian Probe Over AML/CTF Violations For Record $1.3bn
Australian lender Westpac has agreed to pay a record A$1.3bn (US$912m) penalty to settle an …
Western Union Fraud Victims Receive Further $147m Refund
U.S. authorities have handed out $147m to 33,000 victims of a fraudulent payment scheme related …
EU Unveils Digital Finance Strategy
The EU has unveiled its long awaited digital finance strategy, aiming to reform the crypto …
Calls For Stronger European Controls In Wake Of FinCEN Files
Two of Europe’s premier anti-money laundering bodies have called on countries to commit to giving …