The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

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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

UK Regulators Obligates Crypto Firms to Submit Financial Crime Report

The UK’s financial watchdog, Financial Conduct Authority (FCA) has expanded financial regulations...

UK Regulators Obligates Crypto Firms to Submit Financial Crime Report Explore More

News

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk

A report from Transparency International revealed that nearly 40% of the UK’s e-payment companies...

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk Explore More

News

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance

The Cyprus Securities and Exchange Commission (CySEC) warned the Cyprus Investment Firms (CIFs)  ...

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance Explore More

News

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide Explore More

News

FATF Withdraws Switzerland From AML Enhanced Measures List

The Financial Action Task Force (FATF) removed Switzerland from the enhanced money-laundering com...

FATF Withdraws Switzerland From AML Enhanced Measures List Explore More

News

11 Arrested for Illegal Offshore and Cross-Border Gambling Activities in Macau

11 people arrested along with businessman Alvin Chau in an investigation of bogus gambling scheme...

11 Arrested for Illegal Offshore and Cross-Border Gambling Activities in Macau Explore More

News

Swedish gambling regulator seeks high money-laundering fines

The Swedish Gambling Authority (SGA) has taken a tough stance against money laundering and reques...

Swedish gambling regulator seeks high money-laundering fines Explore More

News

Australian Payment Network Reports 9.2% Increase in Payment Card Fraud

AusPayNet reports that the e-commerce industry experienced a 9.2% rise in payment card fraud due ...

Australian Payment Network Reports  9.2% Increase in Payment Card Fraud Explore More

News

ICAEW Calls for Professional Scepticism to Mitigate Money Laundering in UAE

The Institute of Chartered Accountants in England and Wales (ICAEW) and the UAE’s Accountants &am...

ICAEW Calls for Professional Scepticism to Mitigate Money Laundering in UAE Explore More

News

FinTech and InsureTech Booms in Israel as $120M Raised for Investments

FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

News

Equifax Survey shows Britain Prefers Biometric Verification

Credit reporting agency, Equifax, reports that Brits are much more open to adopting biometric aut...

Equifax Survey shows Britain Prefers Biometric Verification Explore More

News

AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines

The Anti Money Laundering Council (AMLC) has reported a steady rise in phishing and hacking attac...

AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines Explore More

News

Uganda Remains on FATF Graylist for Failing to Curb Money Laundering

Uganda is still under the scrutiny of AML/CFT agencies after failing to enforce regulations in NG...

Uganda Remains on FATF Graylist for Failing to Curb Money Laundering Explore More

News

UAE Freezes Assets of Irish Crime Syndicate for Laundering Money Through Dubai

The UAE has frozen the assets of Ireland’s Kinahan Crime Syndicate, mounting the pressure on an o...

UAE Freezes Assets of Irish Crime Syndicate for Laundering Money Through Dubai Explore More

News

CSSF Imposed a €226,000 Fine on Maitland Over AML Compliance Failure

Maitland Luxembourg SA received a penalty of €226,000 over anti-money laundering and customer due...

CSSF Imposed a €226,000 Fine on Maitland Over AML Compliance Failure Explore More

News

Google plans to conduct identity verification of advertisers

Google stated in a blog post on Thursday that it will soon require all advertisers to verify thei...

Google plans to conduct identity verification of advertisers Explore More

News

FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding

The FINMA now enables the scanning of microchips inserted in biometric ID documents as an element...

FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding Explore More

News

Money Laundering Proceedings Against Pilatus Set Back Indefinitely

Money laundering proceedings against Pilatus Bank and its former top officials will likely be set...

Money Laundering Proceedings Against Pilatus Set Back Indefinitely Explore More

News

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools

Two federal regulators – the FinCEN and FDIC have called for a ‘tech sprint’ to assess the ...

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools Explore More

News

Travel and Leisure Industry is at Peril of Facing Data Breach

The travel and leisure industry is already facing a difficult time right now, they do not need to...

Travel and Leisure Industry is at Peril of Facing Data Breach Explore More

News

US Treasury Department Issues AML Study for the Art Market

The US Treasury Department Issues anti-money laundering (AML) study for the art market, aiming to...

US Treasury Department Issues AML Study for the Art Market Explore More

News

CSIR Reports Surge in Cybercrimes Pertaining to Work-from-home Culture

The Council for Scientific and Industrial Research (CSIR) has reported that cyberattacks have inc...

CSIR Reports Surge in Cybercrimes Pertaining to Work-from-home Culture Explore More

News

New Zealand Encounters Spike in Online Identity Theft

Recent research of New Zealand’s financial market has shown a spike of 86 percent in identity fra...

New Zealand Encounters Spike in Online Identity Theft Explore More

News

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing

ACRA has proposed stricter rules for professionals and firms that assist businesses with corporat...

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing Explore More

News

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide Explore More

News

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering

The Council of Europe stays dedicated to showing support to authorities for fighting money-launde...

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering Explore More

News

U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism

U.S Congress subcommittee worries that Bitcoin might have been used in funding the Capitol revolt...

U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism Explore More

News

EDD Fraud Scandal in California – 87 Suspects Arrested

Within two weeks, the Beverly Hills Police have arrested 87 people that are suspected to be invol...

EDD Fraud Scandal in California – 87 Suspects Arrested Explore More

News

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules

The advocacy group in their latest comment has disregarded the proposed regulatory requirements b...

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules Explore More

News

The UK’s Joint Money Laundering Steering Group Amends Crypto Asset Travel Rule

The UK’s Joint Money Laundering Steering Group (JMLSG) amended the Money laundering and Terrorist...

The UK’s Joint Money Laundering Steering Group Amends Crypto Asset Travel Rule Explore More

News

UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes

The UAE Central Bank has issued guidance for financial institutes to fight money laundering, terr...

UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes Explore More

News

ABA House of Delegates Amends the AML Model Rule to Curb Financial Crimes

The House of Delegates amended the ABA Model Rule of Professional Conduct 1.16, which covers decl...

ABA House of Delegates Amends the AML Model Rule to Curb Financial Crimes Explore More

News

MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports

The civil liberties and economic affairs committees discussed the plan to establish an EU Authori...

MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports Explore More

News

Singapore Scammers Launder Money Through Online Gambling

Singapore police seized US $736 million worth of cryptocurrencies and virtual assets from money l...

Singapore Scammers Launder Money Through Online Gambling Explore More

News

NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission

The New South Wales Crime Commission says that some of the state’s gambling laws have increased t...

NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission Explore More

News

EU Warns About the Impact of COVID-19 on Non-Regulated Crypto Investments

European Union’s financial regulatory agency, the European Securities and Markets Authority (ESMA...

EU Warns About the Impact of COVID-19 on Non-Regulated Crypto Investments Explore More

News

Research for Implications of CBDC on the Rise in Australia

As of the November 2 announcement of the Reserve Bank of Australia, the country has partnered wit...

Research for Implications of CBDC on the Rise in Australia Explore More

News

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved

A Senate committee says that Australia is at risk of damaging its economy if money laundering law...

Australia Risks Damage To Economy Unless Money Laundering Laws are Improved Explore More

News

Cyprus Adopts Transparency in Registration of Company Owners

Cyprus has planned to introduce a register in the coming weeks to unveil the identity of thousand...

Cyprus Adopts Transparency in Registration of Company Owners Explore More

News

New South Wales (NSW) Government to Make Poker Machine Reforms after Victoria Introduces Strict Anti-Money Laundering Restrictions

The New South Wales (NSW) government of Australia continues to pressure gambling companies to str...

New South Wales (NSW) Government to Make Poker Machine Reforms after Victoria Introduces Strict Anti-Money Laundering Restrictions Explore More

News

Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources

Principal Secretary for Internal Security, Dr Raymond Omollo, has sent a directive to Non-Governm...

Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources Explore More

News

US Senator Challenges the Proposed Crypto Regulations of FinCEN & FATF

Pat Toomey, the US Senator, has requested Treasury Secretary Janet Yellen to “make significant re...

US Senator Challenges the Proposed Crypto Regulations of FinCEN & FATF Explore More

News

Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency

The Central Bank of Nigeria, comments on why it does not favour the means of digital currency and...

Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency Explore More

News

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying wit...

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities Explore More

News

Ireland Mandates Registration of Crypto Firms Under AML Laws

Ireland has taken new measures to regulate crypto businesses under the AML law for the first time...

Ireland Mandates Registration of Crypto Firms Under AML Laws Explore More

News

FinCEN Proposes the Designation of Eligible Customers as Exempt Person

As a part of the Paperwork Reduction Act of 1995, the Financial Crime Enforcement Network (FinCEN...

FinCEN Proposes the Designation of Eligible Customers as Exempt Person Explore More

News

Nordic Banks Ignored Money Laundering Red Flags for Years, Leaked Audits Reveal

The Organized Crime and Corruption Reporting Project (OCCRP) has revealed in an audit that Nordic...

Nordic Banks Ignored Money Laundering Red Flags for Years, Leaked Audits Reveal Explore More

News

US Authorities Seize Bahamas Bank for Laundering $58 Million

It’s rumoured that Deltec, a Bahamas-based bank popular with crypto clients, is linked to a...

US Authorities Seize Bahamas Bank for Laundering $58 Million Explore More

News

Financial Regulators in Uganda Demands Government to Set Crypto Regulations

Uganda’s financia regulators, Financial Intelligence Authority (FIA), want the government to take...

Financial Regulators in Uganda Demands Government to Set Crypto Regulations Explore More

News

Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’

The Kinahan Cartel is under great pressure after the European Union (EU) places the UAE on the ‘b...

Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’ Explore More

News

German Authorities Shut Down ChipMixer on Suspicion of Laundering $2.9B Worth of Bitcoins

Law enforcement authorities bring down German-based server ChipMix alleged of laundering $2.9 bil...

German Authorities Shut Down ChipMixer on Suspicion of Laundering $2.9B Worth of Bitcoins Explore More

News

SEC Files Money Laundering Complaint Against Silverlion

The Security Exchange Commission (SEC) filed a case against Silverlion Livestock Trading Corporat...

SEC Files Money Laundering Complaint Against Silverlion Explore More

News

Owner of RGCoins Rosen Iossifov Guilty of Crypto Money Laundering

Iossifov was accused of two conspiracy counts; racketeering and money laundering. After a two-wee...

Owner of RGCoins Rosen Iossifov Guilty of Crypto Money Laundering Explore More

News

Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case

The two well-known banks in Singapore, Development Bank Singapore (DBS) and Overseas Chinese Bank...

Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case Explore More

News

FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime

The FCA unveiled in its new report a three-year anti-money laundering strategy which includes a n...

FCA Unveils Three-Year Anti-Money Laundering Strategy to Curb Financial Crime Explore More

News

US Imposes Sanctions on Russian-backed Iranian Oil Smuggling & Money Laundering Network

The US has imposed sanctions on a Russian-backed oil smuggling and money laundering network for I...

US Imposes Sanctions on Russian-backed Iranian Oil Smuggling & Money Laundering Network Explore More

News

US Court Declares Bitcoin and ETH as Commodities, Dismissing Uniswap Lawsuit

A US court dismissed the Security Exchange Commission (SEC) lawsuit against the Uniswap protocols...

US Court Declares Bitcoin and ETH as Commodities, Dismissing Uniswap Lawsuit Explore More

News

UKGC Revoked IMME’s Licence for AML Non-compliance

Licence of IMME was revoked by the UK Gambling Commission for not complying with the Anti-Money L...

UKGC Revoked IMME’s Licence for AML Non-compliance Explore More

News

DISA is Working on a Digital Identity, Credential, and Access Management Tool

According to Nextgov reports, the Defense Information System Agency (DISA) in the US has announce...

DISA is Working on a Digital Identity, Credential, and Access Management Tool Explore More

News

Canadian Anti-Money Laundering Agency Fines RBC $7.4M

Canada’s anti-money laundering regulatory body imposed a C$7.4 million penalty on the Royal Bank ...

Canadian Anti-Money Laundering Agency Fines RBC $7.4M Explore More

News

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks

China has delayed the introduction of new rules for due diligence as financial institutions requi...

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks Explore More

News

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention

Banks and financial institutions should implement a strengthened anti-money laundering system to ...

AML Council Warns Financial Institutions to Strengthen Systems for Effective Money Laundering Prevention Explore More

News

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals

Liberia, one of the poorest countries in the world, is said to spend an enormous and highly suspi...

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals Explore More

News

Japan Calls for Disclosure of Major Company Shareholders

Japan’s Ministry of Justice will require firms to submit details of their major shareholders, als...

Japan Calls for Disclosure of Major Company Shareholders Explore More

News

Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy

Denmark promises to crackdown on money laundering activities across the nation with a new AML str...

Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy Explore More

News

Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK

The Financial Conduct Authority (FCA) crackdown forces new crypto investors in the UK to wait 24 ...

Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK Explore More

News

FATF Removes Malta From gray List of Untrustworthy Financial Jurisdictions

After one year of being included in the FATF grey list, the global action committee has voted Mal...

FATF Removes Malta From gray List of Untrustworthy Financial Jurisdictions Explore More

News

The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers

The financial services minister, Andrew Griffith, commented on July 4th that banks should be requ...

The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers Explore More

News

Ex-Microsoft engineer accused of digital currency scam

Ukrainian citizen, Volodymyr Kvashuk, has been accused of six counts of money laundering, five of...

Ex-Microsoft engineer accused of digital currency scam Explore More

News

London’s Mayor Assures of the Strong Regulations Despite Brexit

Bankers in the UK are looking towards the leniency in regulations and tax cuts due to Brexit. How...

London’s Mayor Assures of the Strong Regulations Despite Brexit Explore More

News

Canada’s MP Introduces Private Member’s Bill to Amend Criminal Code

The members of parliament of Simcoe North, including the deputy minister of finance, have introdu...

Canada’s MP Introduces Private Member’s Bill to Amend Criminal Code Explore More

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