04.27.21

Why the latest EU Anti-Money Laundering rules targeting crypto crime make compliance key

When the June 3 deadline for complying with the Sixth Anti-Money Laundering Directive hits, businesses around the world will be legally liable for KYC compliance.



04.27.21

Trevor Lawrence, expected to be the No. 1 pick in the NFL draft, signs endorsement deal with crypto app Blockfolio

Lawrence accepted his signing bonus from this endorsement deal exclusively in crypto in a mix of bitcoin, ethereum and Solana



04.27.21

81% of Financial Services Firms Agree Digital ID Would Improve Financial Crime Prevention

Survey results released by Duff & Phelps, A Kroll Business, a provider of governance, risk and transparency solutions, reveal that 81% of respondents agreed or strongly agreed the concept of Digital ID would improve the effectiveness of financial crime prevention across the FS industry.



04.27.21

UK FCA extends annual financial crime reporting obligation (REP-CRIM) to more firms

The FCA is extending its existing annual financial crime reporting obligation (termed the "REP-CRIM" by the FCA) to a broader range of firm types. The change is expected to impact approximately 4500 firms who were previously not in scope.



04.27.21

China to put former top anti-corruption inspector on trial for graft

Dong Hong's case has been handed over to prosecutors amid allegations that he committed 'grave violations' of Communist Party discipline



04.26.21

U.S. weighs anti-graft task force for Central America

The Biden administration is considering creating a task force of officials from the U.S. Justice and State Departments and other agencies to help local prosecutors fight corruption in Central America's Northern Triangle countries, a senior U.S. official said on Thursday.



04.26.21

UAE, UK host anti-money laundering training sessions

Key institutions from across the UAE benefitted from the skills and knowledge exchange



04.26.21

South Korea pledges crackdown on money laundering via digital currencies

Officials in South Korea have said there will be "no illegal cryptocurrency transaction in the country", following meetings to address the volatility of digital currency markets and their illegal use in crimes such as money laundering.



04.26.21

Man gets 50-year sentence for fraud at Riverside bank

He was former president of Peoples Trust and Savings Bank



04.26.21

Poway Rabbi's Sentencing in Financial Fraud Delayed 6 Months: Probe Persists

Chabad of Poway's former head rabbi faces a maximum five-year prison sentence for tax-evasion and other financial crimes he pled guilty to last July.



04.23.21

Anti-Money Laundering (AML): An Overview of Compliance and Due Diligence Under the Bank Secrecy Act and Other Laws

Anti-money laundering (AML) compliance is a growing concern for financial institutions, brokers, and other businesses.



04.23.21

Bitcoin? Ethereum? Dogecoin? Your guide to the biggest names in crypto

Bitcoin and its many peers have surged to new levels of popularity over the past year, but they're still a mystery to many investors.



04.23.21

UAE introduces guidelines to combat anti-money laundering

The United Arab Emirates (UAE) has issued new guidelines on anti-money laundering (AML) and combatting the financing of terrorism (CFT) to raise awareness of the importance of adhering to financial crime legislation.



04.23.21

Reagor Dykes Owner Indicted for Bank Fraud

Reagor Dykes Auto Group owner Bart Reagor has been charged with lying about using business loans for personal expenses, announced Acting U.S. Attorney for the Northern District of Texas Prerak Shah.



04.23.21

Money laundering: NatWest calls criminal charges 'disappointing' as case moves to court

NatWest Group has insisted it is making financial crime detection a "key priority" as it faces criminal action by the City watchdog for alleged money-laundering failures.



04.22.21

Britain to crack down on online fraud after LCF collapse

Britain will crack down on online scams and make platforms that make money from advertising financial products more accountable, financial services minister John Glen said on Wednesday.



04.22.21

Regulators want answers from financial services on AI/ML tools

Five federal banking regulators - the Federal Reserve, Consumer Financial Protection Bureau, Federal Deposit Insurance Corp., National Credit Union Administration, and Office of the Comptroller of the Currency- issued a request for information (RFI) late last month regarding the use of AI and ML tools by banks and other financial service providers like FinTechs.



04.22.21

South African ex-President Zuma's legal team quits ahead of corruption trial

Former South African President Jacob Zuma's legal team has quit less than a month before he goes on trial on corruption charges, local publication News 24 said on Wednesday.



04.22.21

Three indirect ways investors can play the cryptocurrency craze

PayPal's peer-to-peer payment service Venmo has started letting users to buy, sell and hold bitcoin, ethereum, litecoin and bitcoin cash, the next step in PayPal's foray into digital assets.



04.22.21

Anti-corruption body investigates minister

The National Anti-Corruption Commission (NACC) is looking into a discrepancy in an asset declaration of Deputy Transport Minister Weerasak Wangsuphakijkosol and his wife Yolada, in which a 10-billion-baht debt was written off within two years.



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