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 …
ECB Accelerates Work On Digital Euro
The European Central Bank (ECB) has outlined next steps on the path to creating a …
Banks Fail To Seize Digitisation Opportunities - QED
European Commission advisor Peter Kerstens has said that the banking sector remains too cautious about digitisation, despite its benefits.
EU Crypto Law To Be Announced Within Days
Harmonised regulations for crypto-asset businesses across the EU are anticipated to arrive in a matter …
This Must Be Europe's Digital Decade - EC President
The European Commission (EC) president laid out her vision for Europe’s digital future with proposals …
Digital Identity and e-KYC Guidelines for Arab Countries
The Arab Monetary Fund published “Digital Identity and e-KYC Guidelines for the Arab Countries” on April …
U.S. Agency Sues International Cryptocurrency Laundering Schemes
The U.S. Department of Justice has filed a civil forfeiture complaint alleging North Korean actors hacked …
U.S. Agency Warns Of COVID-19 Cybercrimes
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory related to COVID-19 scams, …
U.S. Agency Answers Due Diligence Questions
The Financial Crimes Enforcement Network (FinCEN) has addressed three frequently asked questions regarding compliance with customer …