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.
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
The rapid integration of financial products into non-financial platforms has transformed the way consumers interact with financial services. Embedded finance, a burgeoning trend, has led to significant innovations such as digital wallets and buy-now-pay-later schemes being seamlessly incorporated
The increasing complexity and demanding deadlines of the European Union's Markets in Crypto-Assets (MiCA) regulation present formidable challenges for small and mid-sized European Money Service Businesses (MSBs) and Virtual Asset Service Providers (VASPs). These stringent compliance rules,
Sri Lanka's decision to postpone its third evaluation of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework from March 2025 to March 2026 reflects the challenges of conducting such assessments in the wake of two national elections the previous year. This
Globalization has significantly transformed the way businesses and financial markets operate, bringing both opportunities and challenges, especially in the realm of financial crime prevention. The evolving framework of anti-money laundering (AML) legislation reflects the changes needed to combat
