The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the...
Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and...
Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed...
The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in...
PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant...
The Securities and Exchange Commission (SEC) has announced charges against the former co-CEOs of Bitwise Industries, a private technology services startup based in Fresno, California. The charges against...
Four of Sam Bankman-Fried’s closest friends have testified against him in his criminal trial. Over the better part of four weeks, U.S. prosecutors have brought...
Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for...
Four Inc. has partnered with Chainalysis to equip government agencies with the necessary tools to monitor, analyze and combat illicit activities within blockchain networks. This collaboration brings together...