Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of more than 2,500 financial institutions, the Nasdaq company said in a Monday (April 22) press release. “As financial...
The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency. A review of Israeli government seizure orders and blockchain analytics reports revealed that Hamas and two other militant groups — Palestinian Islamic Jihad (PIJ), which joined Hamas in the...
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those vulnerabilities, the U.S. Department of the Treasury said in a report released Thursday (April 6)....
July 22, 2024
The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. The Financial Technology Protection Act of 2023 (H.R. 2969), sponsored by Rep. Zach Nunn, R-Iowa, establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing under the Department […]
April 22, 2024
Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of...
October 10, 2023
The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency. A review of Israeli government seizure orders and blockchain analytics reports revealed that Hamas...
April 06, 2023
Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can do more to reduce those...
