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.
Meridian Trade Bank, which serves residents in Latvia and Lithuania as well as some non-European clients, has been fined for breaching anti-money laundering rules. According...
With a market gap as wide as $1.5 trillion, it’s no wonder the trade finance industry has landed the attention of FinTechs at a lightning...
In order to prevent cybersecurity attacks, U.K. banks are going to have to take chances investing in new technologies at a time when the banks are...
Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands...
DMG Blockchain Solutions announced a new tool for crypto exchanges and enterprise payment platforms that facilitate cryptocurrency transactions aimed at enabling anti-money laundering (AML) and...
A month away, and the General Data Protection Regulation (GDPR) looms large. As Shakespeare wrote centuries ago (without data mapping in mind), the readiness is...
President Donald Trump and Brexit unsurprisingly dominate the conversation among executives surveyed by Duff & Phelps for its 2018 Global Regulatory Outlook survey. The corporate...
New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of...
A new report by the General Council for Islamic Banks and Financial Institutions (CIBAFI) said the decline of correspondent banking relationships disproportionately impacts Islamic financial...