Anti-Money Laundering

DOJ Settles with Aux Cayes for $500M Over AML Violations and Noncompliance
Regulatory & Compliance DOJ Settles with Aux Cayes for $500M Over AML Violations and Noncompliance

In a significant development in the cryptocurrency world, the Department of Justice (DOJ) has reached a settlement with Aux Cayes FinTech Co. Ltd., an affiliate of the cryptocurrency exchange OKX. The company has faced serious allegations of violating United States anti-money laundering (AML)

February 24, 2025
How Will AU10TIX's New AML Solution Revolutionize Risk Management?
Regulatory & Compliance How Will AU10TIX's New AML Solution Revolutionize Risk Management?

The recently announced advanced Anti-Money Laundering (AML) solution by AU10TIX, a prominent global technology company specializing in identity verification and management, is set to redefine risk management strategies in the fight against financial crimes. By integrating cutting-edge technology

February 13, 2025
Sri Lanka Urgently Implements AML/CFT Reforms to Avoid FATF Grey List
Regulatory & Compliance Sri Lanka Urgently Implements AML/CFT Reforms to Avoid FATF Grey List

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

February 13, 2025
How Will the FIU.net Upgrade Enhance EU Financial Crime Fighting?
Regulatory & Compliance How Will the FIU.net Upgrade Enhance EU Financial Crime Fighting?

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

February 7, 2025
How Is Monaco Improving Its Anti-Money Laundering Measures?
Regulatory & Compliance How Is Monaco Improving Its Anti-Money Laundering Measures?

Monaco, a small yet powerful financial hub, has been continually working to enhance its regulatory framework against money laundering and terrorism financing. A positive report published by the Council of Europe regarding Monaco's efforts has shone a spotlight on this remarkable progress.

January 31, 2025
Upbit Faces Possible Suspension Over KYC and AML Violations
Regulatory & Compliance Upbit Faces Possible Suspension Over KYC and AML Violations

Upbit, South Korea’s most prominent cryptocurrency exchange, is currently grappling with a significant regulatory challenge that may result in a six-month suspension due to alleged violations of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This issue, raised by South K

January 21, 2025
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