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.
OTTO Payments, the payments division serving the OTTO marketplace, has adopted Hawk AI’s solutions for anti-money laundering (AML) compliance. The organization will use Hawk AI’s...
Officials in Europe are launching an authority to combat money laundering and terrorism financing. Known as ALMA, the group will have “direct and indirect supervisory powers over...
Binance founder Changpeng Zhao must remain in the United States while awaiting his sentencing on Feb. 23. A judge ruled Thursday (Dec. 7) that Zhao was a flight...
Changpeng Zhao, the co-founder of cryptocurrency exchange Binance Holdings, is reportedly facing legal restrictions that prevent him from returning to his home in the United Arab...
Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional...
Changpeng Zhao, founder and CEO of Binance, the world’s largest cryptocurrency exchange, has reportedly agreed to step down and plead guilty to violating criminal U.S....
France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location...
Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. The partnership, announced late Wednesday (Oct. 18) sees NymCard enhancing its fraud platform with ACI Fraud Management...
FinTech company Jack Henry has introduced a new tool to help banks combat fraud. The firm’s Financial Crimes Defender, announced Monday (Oct. 16), is a cloud-native, real-time fraud...