Hong Kong has been steadfast in its mission to combat money laundering and transnational organized crimes. This commitment was prominently highlighted at the recent International Forum on Combating Money Laundering and Transnational Organized Crimes, where experts underscored the significance of
China is taking significant steps to enhance its anti-money laundering (AML) laws, aiming to address the challenges presented by new financial technologies, particularly cryptocurrencies. As the fintech sector rapidly evolves, so do the risks associated with these innovations, including potential
Money laundering is a significant global problem, undermining financial stability and security. The annual volume of laundered money is staggering, estimated between $2.17 trillion and $3.61 trillion, representing 3-5% of the world's GDP. To combat this, financial institutions employ
In an effort to enhance business efficiency and compliance with anti-money laundering and counter-terrorism financing (AML-CTF) regulations, a new software has been launched in Port Moresby. Targeting both financial institutions and non-financial businesses, this innovative tool aims to streamline
The US National Futures Association (NFA) has issued a serious complaint against NinjaTrader Clearing LLC and its President, Michael Cavanaugh, for significant deficiencies in their anti-money laundering (AML) program as well as failures in supervisory responsibilities. This unsettling development
The gaming and iGaming industries are experiencing a transformative phase marked by significant innovations, strategic investments, and emerging trends. Companies like Galaxsys, SuperScale, and GR8 Tech are at the forefront of these changes, driving the industry forward with their cutting-edge
