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.
1,500 complaints about suspicious activity per month. That’s the tally that FinCEN Director Kenneth A. Blanco told a conference last week that FinCEN, which operates as...
Law enforcement officials are seeing a rise in money laundering cases in Canada, and some say the country isn’t doing enough to clamp down on...
Swiss startup Liquineq believes it can disrupt banking by safely and securely processing transactions within seconds using blockchain. But its aim is not to replace...
“Fake it ‘til you make it” is a familiar idiom with roots in the great teachings of Aristotle, who once said that a person who...
FitPay, the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own...
Trulioo, the global identity verification company, announced Tuesday (July 24) that it started offering instant ID verification for consumers in the Philippines. In a press...
Sizzle Self-checkout: Check yourself, as the song says. And in retail, the checking yourself is literal and increasing. As many as 70 percent of shoppers have used...
On a surface level, community banking and artificial intelligence (AI) can seem like something of a mismatch in concept. Community banking is all about relationship-lending...
Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series...