Tag: Suspicious Activity Reports
Warren calls on DOJ, NHS to crackdown on crypto payments for child sexual abuse material
US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) are urging US authorities to crack down on the use of crypto in the illegal trade...
Breaking News
KuCoin and Founders Charged with Bank Secrecy Act and Money Transmission Offenses
KuCoin, along with its founders Chun Gan and Ke Tang, has been charged with violating the Bank Secrecy Act and operating an unlicensed money...
Cracking the Code of White-Collar Crime with Sumsub – Fintech Singapore
The battle against financial crime is an ever-evolving challenge requiring expert knowledge, cutting-edge technology, and continuous learning.
As white-collar criminals tirelessly innovate their methods...
EU Agrees on Stricter Anti-Money Laundering Rules
Francesco Fulcoli - Chief Compliance Officer
The Council of the European Union and the European Parliament have reached a provisional agreement on reforms to strengthen...
Privacy Coins Monero, Zcash, Horizen ‘At Risk’ of Delisting by Binance – Decrypt
Crypto exchange Binance has added a "monitoring tag" to a list of cryptocurrencies including privacy coins Monero (XMR), Zcash (ZEC), Horizen (ZEN) and Firo...
JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business – The Daily Hodl
A man who says he’s banked with JPMorgan Chase for 18 years has gone viral after accusing the bank of terminating his account with...
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor...
Misunderstanding Crypto And Terror Financing Leads To Bad Policy – CryptoInfoNet
The House Financial Services Committee is holding a hearing Wednesday focused on illicit activity in digital assets. This hearing follows two others, conducted last...
Well, California Has Decided To Regulate Crypto | JD Supra – CryptoInfoNet
On October 13, California Governor Gavin Newsom (D) signed Assembly Bill 39 (Digital Financial Assets Law). This new law broadly empowers the California Department...
Maximizing Data and Resources with a Hybrid Centralized-Decentralized AML Compliance Program
Corporate AML compliance objectives are a balancing act of effective risk management, revenue goals, and cost savings, but the reality is that many organizations...
FBI Takes Down $15,000,000 Unlicensed Crypto-to-Fiat Transmitting Operation in New York State: Report – The Daily Hodl
The Federal Bureau of Investigation (FBI) has reportedly busted a group of Indian nationals who allegedly operated an unlicensed business converting cryptocurrency to cash...
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an alert on October 20, 2023, aimed at assisting financial institutions in...
Combating Money Mule Activity: FCA’s Comprehensive Review and Recommendations
Francesco Fulcoli – Chief Compliance Officer and Board Member at TransferGo
The Financial Conduct Authority recently conducted an extensive review of payment account providers' systems and controls against...
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