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.
The Senate Banking Committee’s first hearing of 2018 shows that Congress is interested in reforming illegal financing and money laundering regulations this year. According to...
Big Data is no longer the purview of big banks. CO-OP Financial Services Chief Data Officer Matthew Maguire tells PYMNTS’ Karen Webster that credit unions...
The Financial Action Task Force (FATF), an international organization that sets the standards for fighting money laundering, found that Mexican prosecutors are failing to punish...
San Mateo startup Tipalti, a firm that automates accounts payable and payments cash flow, has partnered on two recent global payment method studies. Those studies,...
Fortytwo Data, a Big Data company, has released new research that concludes the U.K. is ramping up its fines for anti-money laundering (AML) infractions. According...
California Congresswoman Maxine Waters has some questions for the Treasury Department about what it intends to do to beef up security — particularly with regards...
In payments, innovation doesn’t always have to materialize in disruptive waves, but can come, rather, through incremental evolution. In an interview with Karen Webster, i2c...
Weeks after reports surfaced that some small business accounts at HSBC had been frozen, a result of the FI revamping anti-money laundering (AML) crackdowns, HSBC...
HSBC U.K. has reportedly frozen some small business (SMB) bank accounts, according to news reports from Reuters. The frozen bank accounts, which have occurred in the...