Coinbase has settled on a $100 million fine and improvements package with regulators for anti money laundering failures. The package includes a backlog of more than 100,000 unreviewed transactions and... read more
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Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs), according to Transparency International UK. Transparency International UK warned in... read more
The post AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds appeared first on Payments Cards & Mobile.
The European Commission has presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for... read more
The post Beating financial crime: Commission overhauls anti-money laundering and terrorism rules appeared first on Payments Cards & Mobile.
The global Financial Action Task Force (FATF) updated its guidance on how to manage anti-money laundering (AML) measures in cryptocurrency payments fully two years ago – yet recent evidence suggests... read more
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The European Commission has taken Luxembourg to court, asking the European Court of Justice (ECJ) to impose penalties, on a daily basis, for failing to put new EU AML (Anti... read more
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