BSA News Now

Digital-market traders found amusement in the GameStop saga.

Mid-sized financial institutions - defined as those with $1 billion to $10 billion in assets - play an important role in our financial system.

A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Israel ranked 25th out of the 37-member countries of the OECD, the report noted.

It turns out major criminal syndicates have been routing funds through Australia, buying and selling electronics equipment to clean their cash.

It was banned following repeated warnings for allowing hate speech

On New Year's Day, as millions of Americans declared their resolutions, Congress passed its own bipartisan legislative "resolution" -the Corporate Transparency Act- to end the nationwide proliferation of anonymous shell companies.

Epsilon Data Management LLC (Epsilon), one of the largest marketing companies in the world, has entered into a settlement with the Department of Justice to resolve a criminal charge for selling millions of Americans' information to perpetrators of elder fraud schemes.

On Monday, the state of California made a startling announcement: Last year, the state lost more than $11 billion as a result of unemployment benefits fraud-"billion" with a "b"- and another $20 billion is under investigation.

Deutsche Bank, the infamous German bank connected to President Trump, settled FCPA and fraud cases with the Justice Department and the SEC, and agreed to pay a total of $130 million.

Attorney General David Eby appeared "disinterested" during an anti-money laundering briefing by top British Columbia Lottery Corp.

Independent U.N. sanctions monitors accused Yemen's government, in a report seen by Reuters on Tuesday, of money-laundering and corruption "that adversely affected access to adequate food supplies" and said the Houthi group collected at least $1.8 billion in state revenue in 2019 to help fund its war effort.

The Anti-Money Laundering Act of 2020 took effect on Jan. 1 and is the most significant anti-money laundering statute since the USA Patriot Act was passed after the terrorist attacks of 9/11.

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.

Global RADAR has rolled out an AI-powered platform that uses machine learning to facilitate truly effective adverse media screening.

Breaking news reports that seven current and former members working for undisclosed banks in Hong Kong have been arrested for laundering up to $810 million dollars over the course of four years.

Owners of businesses in Atlanta, Doraville and Norcross were allegedly involved in a coordinated effort to illegally secure PPP funding.

Fraud has reached epidemic levels in the UK and should be seen as a national security issue, says think tank the Royal United Services Institute (RUSI).

Bank boss calls for cross-industry cooperation to reduce scams that trick people into making instant payments online

Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.