In a sweeping legal move, the Consumer Financial Protection Bureau (CFPB) has filed a significant lawsuit against the operator of Zelle and three major U.S. banks—Bank of America, JPMorgan Chase, and Wells Fargo. The agency accuses these financial giants of failing to protect their customers from e
Sri Lanka faces a challenging situation as it strives to avoid being placed on the Financial Action Task Force (FATF) grey list, a designation indicating a high risk of money laundering and terrorist financing activities. The urgency of the matter was underscored in a high-stakes meeting involving
The 2025 legislative session in New York State is set to begin on January 8th, and local state representatives are gearing up with plans to address a variety of pressing social and economic issues. With the re-election of Trump adding to the political landscape, New York legislators are tasked with
The regulatory technology (RegTech) industry in Canada is on the brink of a significant transformation. With the increasing demand for efficient compliance solutions and the rapid integration of advanced technologies, Canada is positioning itself as a global leader in the RegTech sector. This
The European Union (EU) has made a significant leap forward in its ongoing battle against financial crime with the announcement of the enhanced FIU.net system. This platform for financial crime intelligence-sharing has been a critical tool for Financial Intelligence Units (FIUs) across the EU since
The fintech landscape in the UK is poised for significant transformation by 2025, driven by advancements in AI, stablecoins, and robust fraud prevention measures. As the country navigates these changes, it aims to maintain its leadership position in the global fintech arena. This article explores
