Recent actions by the Trump administration to cease the enforcement of penalties on businesses failing to comply with the Corporate Transparency Act (CTA) have stirred significant controversy. The CTA, passed by Congress in 2021, requires corporations and limited liability companies to disclose
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)
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
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 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
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.
