The U.S. Treasury has brought sanctions against seven individuals and one entity accused of exploiting Iraq’s national payment system, alongside money service businesses and hawala networks, for...
A Lebanese money dealer who allegedly moved around tens of millions of dollars a week in laundered drug money was slapped with sanctions by the U.S. Treasury on Thursday.
Money transfer giants MoneyGram and Western Union, along with two of Russia’s largest banks, have been accused of facilitating thousands of dollars in donations to the Ukrainian separatists...
The U.S. Treasury has taken action against a bevy of individuals and financial institutions accused of facilitating sanctions evasion on behalf of Iranian entities, moving more than a billion...
A fresh diplomatic row erupted between Washington and Brussels on Wednesday after the European Commission included four US territories in its beefed-up blacklist of third countries with poor anti...
A bill snaking its way across Capitol Hill has raised the specter of new red tape for cryptocurrency platforms as lawmakers single out the sector’s role in terrorist financing and sanctions evasion.
Are influential regulators, international standards-setters and financial sector participants doing enough to tackle de-risking? PaymentsCompliance speaks to J. Andrew Spindler, a former New York...
The fight against financial crime in the Americas reached an ever-higher pitch in 2018, with new and innovative methods of sanctions evasion sprouting as quickly as enforcement agencies could cut...
A former official with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is confident the casino industry understands the obligations of preventing money laundering,...
Last-minute talks are continuing between international financial messaging service SWIFT and the U.S. Treasury as the looming re-imposition of sanctions lifted under the Iran nuclear deal raise the...
Attempts to introduce a new federal U.S. licensing regime for fintechs applicable across all 50 states will face a fresh legal challenge from a high-profile group of state-level regulators, after...
Conspicuous by its absence in the U.S. Treasury’s recent report on fintech, virtual currency will be the sole subject of an upcoming paper being developed by a working group of U.S. regulators...
A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.
Leaving open banking data standards in the U.S. to the whims of the private sector could leave consumers exposed to malicious practice with no recourse, experts have said.
U.S. financial watchdogs have quelled industry concerns that agencies use non-binding rules to fuel enforcement action, downplaying the legal weight of supervisory guidance they issue.
Although U.S. federal authorities have received industry praise for espousing a hands-off approach to open banking, signs are emerging that consumers may prefer lawmakers and regulators to play a...

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