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...
The EU is set to introduce a new sanctions regime targeting perpetrators of human rights violations, after Hungarian officials agreed to drop their veto on the proposed reforms.
U.S. federal regulators have said banks and credit unions are expected to be the main beneficiaries of proposals to relax several aspects of the country’s so-called Remittance Rule.
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...
Anti-money laundering (AML) compliance across dozens of financial institutions in Australia has come under the microscope in the wake of the financial crime regulator’s sprawling order against...
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...
Six European countries have announced they are joining the INSTEX payments instrument facilitating trade with Iran, widening the total number of participants to nine.
Swedish corporate bank SEB has admitted that more than €25bn flowed through the accounts of offshore customers of its Estonian branch who would not have met “today’s standards” on money laundering,...
The European Banking Authority (EBA) has revealed it would have set a stricter deadline for member states to enforce new payment security rules under the revised Payment Services Directive (PSD2),...
Westpac chief executive Brian Hartzer has announced he will step down following widespread failures in its anti-money laundering (AML) safeguards, with the Australian banking giant set to shutter...
The European Commission and Council have put the brakes on the deployment of stablecoins in the EU until a consistent and coherent regulatory approach can be decided by authorities.
The Dutch banking industry has called for the creation of a pan-European financial intelligence unit and closer ties between regulators and banks as it unveiled its wishlist for reforms to the EU’s...
Blockchain-based payment network Ripple has accused a leading crypto investigations company of a public relations stunt, after it announced it had uncovered some $400m in illicit transactions using...
Nordic lender Swedbank has been forced to declare it is not aware of any violations of US sanctions on Russia after an investigation suggested it processed payments for a blacklisted company.
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...
Australian bank Westpac is facing the prospect of hundreds of billions of dollars in fines as it stands accused of allowing correspondent banking transactions to go through without the required due...

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