The defendant in a lawsuit over the filing of a suspicious activity report (SAR) is asking the U.S. Supreme Court to keep in place a lower court's ruling affirming that regulated entities have...
With U.S. regulators and lawmakers angling for enhanced disclosure requirements around beneficial ownership, officials are seeking banking sector input on the burden of complying with existing...
Six months after U.S. financial regulators issued clarification on reporting requirements for cryptocurrency providers, the industry appears to have received the message loud and clear, with the...
Canadian officials have issued a warning to financial institutions to be on the lookout for attempts to launder money using bank drafts at casinos, a vector growing in popularity after law...
Unclear expectations and inconsistent supervision by U.S. regulators has had a chilling effect on banks' willingness and ability to serve money transmitter clients, a new report from a federal...
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
An Ethereum Foundation employee has been arrested by U.S. authorities for allegedly teaching attendees of a conference in North Korea how to use cryptocurrency and blockchain technology to evade...
U.S. attempts to bolster beneficial ownership requirements have been hailed as a significant step in the fight against money laundering via shell companies, but observers warn the bill's vague...
U.S. officials are cracking down on enforcing regulations requiring cryptocurrency service providers registered as money services businesses to identify the senders and recipients of digital...
A Turkish bank is fighting back against sanctions evasion charges by U.S. officials, dismissing the allegations as legal overreach and claiming they are motivated by a desire to punish the country...
A group of federal U.S. regulators has fired a warning to the cryptocurrency industry that anti-money laundering (AML) and counter-terrorism financing (CTF) requirements are based on what a...
Peer-to-peer cryptocurrency transfers that bypass regulated businesses or intermediaries are an increasingly pressing financial crime concern for supervisory authorities, a Financial Action Task...
Criminals are fine-tuning their response to closer regulatory scrutiny of cryptocurrency exchanges by turning to alternative methods to cover their tracks and launder funds anonymously, a...
Further legislative and regulatory action is needed to clear the lingering haze around the banking issue facing the U.S.’ legalized cannabis industry, despite the recent passage of a landmark bill...
U.S. regulators have been urged to provide better feedback to financial institutions on suspicious activity reports, with current arrangements facing criticism for being too informal and small-scale.
With a largely transient customer base and cash-centric business model, casinos are on the front lines of the fight against money laundering — but with unique methods of gathering information at...

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