The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft

Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft

Amazon said on Thursday, that it is going to challenge a $10 billion contract awarded to Microsoft last month by Pentagon. Amazon called the decision-making process prejudiced and tainted by “political influence.” 

The Department of Defense had been considering a number of bids for a cloud computing project, “Joint Enterprise Defense Infrastructure” or JEDI initiative. The project, that has been delayed for a long period of time, is supposed to update the computing infrastructure of the Pentagon. Most of the agency’s technology relies on systems from the 1980s and 1990s. 

A number of people had expected the contract would be awarded to Amazon Web Services, which commands about 48% of the cloud computing market share. Over the past year, President Donald Trump has increased his attacks on Jeff Bezos, CEO of Amazon. Weighing in on the contract, he said in July, that he had considered intervening in the award process. 

“Great companies are complaining about it,” Trump said at that time, mentioning that this contract was one of the “biggest” ever. “So we’re going to take a look at it. We’ll take a very strong look at it.”

Last Friday on November 8, Amazon officially filed a notice to protest the decision and it is being filed in the US Court of Federal Claims. A spokesperson for Amazon Web Services said in a statement to HuffPost, 

“AWS is uniquely experienced and qualified to provide the critical technology the U.S. military needs and remains committed to supporting the DoD’s modernization efforts. We also believe it’s critical for our country that the government and its elected leaders administer procurements objectively and in a manner that is free from political influence. Numerous aspects of the JEDI evaluation process contained clear deficiencies, errors and unmistakable bias and it’s important that these matters be examined and rectified.”

Pentagon has more than 500 separate cloud systems throughout the military and through JEDI, it is intended to unify all the systems under one umbrella. This will help Pentagon keep up with the developments n the civilian computing industry. 

Related Posts

News

Crypto Exchange Binance Banned by UK’s Financial Watchdog

Britain’s financial regulator, the FCA (Financial Conduct Authority) has said that Binance is no ...

Crypto Exchange Binance Banned by UK’s Financial Watchdog Explore More

News

FATF Urges Japan to Implement Stronger AML Measures

The FATF mutual evaluation report on Japan proposes the formation of a joint-agency body to enhan...

FATF Urges Japan to Implement Stronger AML Measures Explore More

News

Australia DTA Consults on Upcoming “Trusted Digital Identity Bill”

The consultation will facilitate the Trusted Digital Identity Bill, making digital identity syste...

Australia DTA Consults on Upcoming “Trusted Digital Identity Bill” Explore More

News

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity

Canada’s government announces public consultation for creating a federally regulated digital iden...

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity Explore More

News

Danske Bank Under Fire Over AML Shortcomings

The FSA has reprimanded Sweden’s Danske Bank over ‘shortcomings’ in its anti-money laundering con...

Danske Bank Under Fire Over AML Shortcomings Explore More

News

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes

The Minister of Foreign Affairs said that the UAE is making “strong progress” to prevent illicit ...

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes Explore More

News

Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering

Turkey’s Minister of Social and Labour Security Department stated they are conducting an in-depth...

Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering Explore More

News

China Tackles Money Laundering in Wild Species Trade

China’s Wildlife Protection Department, TRAFFIC organised training sessions for the anti-money la...

China Tackles Money Laundering in Wild Species Trade Explore More

News

UK Government Issues New Guidance On Data Collection Related To Self Custody Crypto Wallets

The government of the United Kingdom is issuing new rules on the collection of data for the crypt...

UK Government Issues New Guidance On Data Collection Related To Self Custody Crypto Wallets Explore More

News

Expanding Fraud in Digital Space—Florida’s Government Raises Awareness

The Florida Department of Agriculture and Consumer Services issued a newsletter to alert people r...

Expanding Fraud in Digital Space—Florida’s Government Raises Awareness Explore More

News

UK’s Victoria Gate Casino Fined $613K over AML Failings

The Source of funds for 10 customers were left unidentified by UK’s Victoria Gate Casino, resulti...

UK’s Victoria Gate Casino Fined $613K over AML Failings Explore More

News

Singapore Seizes $736m Worth of Assets in Money Laundering Investigation

Singapore police have arrested 10 foreigners in the money laundering operation and seized $736m w...

Singapore Seizes $736m Worth of Assets in Money Laundering Investigation Explore More

News

Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower

The Swiss Prosecutors have launched an investigation, not after the bank but against the Suisse S...

Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower Explore More

News

Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions

Despite the Hong Kong government’s encouragement, two banks have rejected crypto activities...

Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions Explore More

News

Hong Kong Customs Commissioner Urges to Enhance Supervision in Crypto Exchange

Hong Kong’s Commissioner of Customs and Excise, Louise Ho Pul-shan, has urged to enhance the secu...

Hong Kong Customs Commissioner Urges to Enhance Supervision in Crypto Exchange Explore More

News

The Anti-Money Laundering Solution Market is Expected to Double by 2025

According to the latest AML solution market report 2020-2026, the post coronavirus pandemic had a...

The Anti-Money Laundering Solution Market is Expected to Double by 2025 Explore More

News

KYC/AML and Sanctions fines reach $5.6 billion mid-year for global financial institutions

The leading provider of digital transformation and client lifecycle management (CLM) solution, Fe...

KYC/AML and Sanctions fines reach $5.6 billion mid-year for global financial institutions Explore More

News

Swiss Prosecutor Identifies Trail to Credit Suisse Money Laundering Case

A Swiss Prosecutor has identified the trail leading to the Credit Suisse money laundering case wo...

Swiss Prosecutor Identifies Trail to Credit Suisse Money Laundering Case Explore More

News

Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities

Bulgarian officers have launched an investigation against Nexo as the crypto Lender was involved ...

Bulgarian Prosecutors Investigate Crypto Lender Nexo for Alleged Illegal Activities Explore More

News

UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List Explore More

News

DIA Warns Auckland Real Estate for Lax Money Laundering Prevention

The department of Internal Affairs has issued a formal warning to Auckland’s real estate company ...

DIA Warns Auckland Real Estate for Lax Money Laundering Prevention Explore More

News

FATF warns Turkey over Lapses in Money Laundering and Terror Financing

Turkey has been warned by Financial Action Taskforce (FATF) because of its ‘serious shortcomings’...

FATF warns Turkey over Lapses in Money Laundering and Terror Financing Explore More

News

Australia DTA Consults on Upcoming “Trusted Digital Identity Bill”

The consultation will facilitate the Trusted Digital Identity Bill, making digital identity syste...

Australia DTA Consults on Upcoming “Trusted Digital Identity Bill” Explore More

News

United Kingdom watchdog puts pressure on Deutsche bank

According to the Financial Times, the United Kingdom financial regulator has censured the Deutsch...

United Kingdom watchdog puts pressure on Deutsche bank Explore More

News

HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations

HM Revenue & Customs has fined property firms more than £1 million for not complying with ant...

HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations Explore More

News

FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval

The UK financial watchdog has approved only 41 registration applications of crypto firms out of 3...

FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval Explore More

News

The Czech Republic Government Amends Beneficial Ownership Law to Meet AML Obligations

The Czech Republic government revised Beneficial Ownership Law upon the European Commission’...

The Czech Republic Government  Amends  Beneficial Ownership Law to Meet AML Obligations Explore More

News

US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud

An official request from the Brazilian government was made to the US government for helping to se...

US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud Explore More

News

UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub

The UK is reportedly planning to regulate stablecoins as a payment method and the Royal Mint is t...

UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub Explore More

News

Russian Financial Authorities Reach Consensus on Crypto Mining Regulation

Russian financial authorities have adopted a common ground on cryptocurrency mining regulation. T...

Russian Financial Authorities Reach Consensus on Crypto Mining Regulation Explore More

News

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures

The UK’s main financial regulator has warned challenger banks to improve measures for fighting fi...

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures Explore More

News

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts

Payment companies have proposed a set of best practices to avoid bank shutouts by protecting the ...

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts Explore More

News

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

Cryptocurrency buyers and sellers in Ireland, under the new anti-money laundering regime, will no...

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin Explore More

News

ECB Will Be Launching Digital Euro Project

An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet...

ECB Will Be Launching Digital Euro Project Explore More

News

Leading MSB Industry Associations Introduce Best Practices For Anti-Money Laundering

The introduction of the best practices for anti-money laundering by leading MSB industry associat...

Leading MSB Industry Associations Introduce Best Practices For Anti-Money Laundering Explore More

News

Vietnam Govt to Introduce Crypto Research Group to Evaluate Policy

Vietnam’s Ministry of Finance has plans of establishing a research group with the aim of studying...

Vietnam Govt to Introduce Crypto Research Group to Evaluate Policy Explore More

News

Dubai Sets up Special Court to Tackle Money Laundering

The new court of law has been established to combat money laundering and related financial crimes...

Dubai Sets up Special Court to Tackle Money Laundering Explore More

News

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space

The European Union is developing a program to impose stringent regulations on the cryptocurrency ...

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space Explore More

News

US Accuses Crypto Firms for Serving as Money Laundering Hub

The US Treasury’s department targeted the crypto mixers to combat internationally operated financ...

US Accuses Crypto Firms for Serving as Money Laundering Hub Explore More

News

Sam Bankman-Fried Charged with Fraud and Money Laundering, Makes Headlines Again

A federal indictment accusing FTX Co-Founder Sam Bankman-Fried of committing widespread fraud has...

Sam Bankman-Fried Charged with Fraud and Money Laundering, Makes Headlines Again Explore More

News

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt

Binance helped its rival crypto exchange, Huobi Global, recover the amount taken in a bridge expl...

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt Explore More

News

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time

The actor was arrested on account of wire fraud, identity theft, securities fraud, and executing ...

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time Explore More

News

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass

With 2 infected players infiltrating the entire stadium, many are fearing the spread of COVID-19 ...

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass Explore More

News

A Trust Company Penalised for Opening a Doorway to Money Laundering

A team of accountants and economists have been fined by a court in Channel Island for neglecting ...

A Trust Company Penalised for Opening a Doorway to Money Laundering Explore More

News

EU Watchdog Takes Deep Dive Into Banks’ Use of Technology

EU’s banking watchdog has recognized the need for RegTech solutions and proper regulatory standar...

EU Watchdog Takes Deep Dive Into Banks’ Use of Technology Explore More

News

PBOC Issues New Financial Rules to Curb Money Laundering Risks

The People’s Bank of China (PBOC), The China Banking and Insurance Regulatory Commission, a...

PBOC Issues New Financial Rules to Curb Money Laundering Risks Explore More

News

AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay

SA Anti-Money Laundering Integrated Task Force (Samlit) claims that it is competent in combating ...

AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay Explore More

News

FATF issued guidance on risk-based AML/CFT policies

The Financial Action Task Force has issued finalised supervision on adopting a risk-based strateg...

FATF issued guidance on risk-based AML/CFT policies Explore More

News

Credit Suisse Settles French Tax Fraud & Money Laundering Probes for €238 Million

Credit Suisse accepted a settlement of 238 million euros to resolve a tax scam and money launderi...

Credit Suisse Settles French Tax Fraud & Money Laundering Probes for €238 Million Explore More

News

American Gaming Association Updates Best Practices for AML

The American Gaming Association (AGA) has released updated “Best Practices for Anti-Money Launder...

American Gaming Association Updates Best Practices for AML Explore More

News

UAE Issues a Total of $11 Million in Fines for AML Offenses in First Half of 2022

UAE’s AML task force has imposed fines of over Dh41 million ($11m) in the first six months of 202...

UAE Issues a Total of $11 Million in Fines for AML Offenses in First Half of 2022 Explore More

News

US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade

The US Treasury Department has announced the launch of the Counter-Fentanyl Strike Force to comba...

US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade Explore More

News

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime

The Central Bank of Turkey is to ban the use of cryptocurrency payments by 30th April. This initi...

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime Explore More

News

FIU to Audit Crypto Exchanges, Aiming to Reduce Money Laundering

Financial Intelligence Unit under Financial Services Commission to audit Korea’s cryptocurrency e...

FIU to  Audit Crypto Exchanges, Aiming to Reduce Money Laundering Explore More

News

Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure

Real Estate Firm LeHomes Realty has been fined $282K for AML compliance failure. The brokerage co...

Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure Explore More

News

A Three-fold Rise in AML Penalties in China in 2020

China’s banks and financial institutions have faced an increase in penalties in the year 2020 due...

A Three-fold Rise in AML Penalties in China in 2020 Explore More

News

EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto

The MiCA deal has been approved by the economic committee of the EU Parliament. The committee has...

EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto Explore More

News

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity

Canada’s government announces public consultation for creating a federally regulated digital iden...

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity Explore More

News

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images

The previous month, after NewYork Times’ critical report on the facial recognition tech of Clearv...

Facebook and LinkedIn follow Twitter’s suit demanding Clear view AI to stop scrapping user images Explore More

News

DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings

The Central Bank has imposed Dhs 19.5 million fine on UAE’s banks for shortcomings in the AML fra...

DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings Explore More

News

Constitutional & Legislative Committee of Egypt Approves Amendments to AML Laws

Egypt’s constitutional and legislative affairs committee approved a government drafted bill...

Constitutional & Legislative Committee of Egypt Approves Amendments to AML Laws Explore More

News

European Union Drafts Crypto Transfer Legislation to Curb Money Laundering

The European Union has introduced legislation to identify crypto transfers as part of wider anti-...

European Union Drafts Crypto Transfer Legislation to Curb Money Laundering Explore More

News

New Zealand’s FMA Issues New ID Verification Guideline

A new explanatory note has been issued by New Zealand identifying the sources of information that...

New Zealand’s FMA Issues New ID Verification Guideline Explore More

News

FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments

FinCEN alerted all the Financial Institutions warning about the risk of investment from sanctione...

FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments Explore More

News

Australia Lags Behind in Extending FATF’s AML/CFT Recommendations to DNFBPs

Australia is sending a signal to welcome global financial criminals for business in its lawyers, ...

Australia Lags Behind in Extending FATF’s AML/CFT Recommendations to DNFBPs Explore More

News

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal

The Securities and Exchange Commission and the New York Department of Financial Services have spo...

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal Explore More

News

Nepal’s Foreign Employment Sector Witnesses a Surge in Fraudulent Cases

The number of individuals seeking international employment from Nepal has increased, and so do th...

Nepal’s Foreign Employment Sector Witnesses a Surge in Fraudulent Cases Explore More

News

FBI Warns of Tech Support Scammers Compromising Financial Accounts

The Boston Division of the Federal Bureau of Investigation (FBI) has warned of an increase in num...

FBI Warns of Tech Support Scammers Compromising Financial Accounts Explore More

News

SEC Warns Wall Street to Enhance AML Systems

US regulatory authority, the Security and Exchange Commission (SEC), warns Wall Street brokers of...

SEC Warns Wall Street to Enhance AML Systems Explore More

News

Crypto Exchange Binance Banned by UK’s Financial Watchdog

Britain’s financial regulator, the FCA (Financial Conduct Authority) has said that Binance is no ...

Crypto Exchange Binance Banned by UK’s Financial Watchdog Explore More

News

Over $1 Billion Laundered Through Australia’s Pubs and Clubs Annually

A joint report by media outlets has shown evidence of over AU$1 billion being laundered throughou...

Over $1 Billion Laundered Through Australia’s Pubs and Clubs Annually Explore More

News

Increasing Money Laundering Fines for Banks After Lockdown

Despite the delays in enforcement activities due to lockdown, the globally issued money launderin...

Increasing Money Laundering Fines for Banks After Lockdown Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started