As Crypto Money Laundering Soars, Governments Seek Ways to Fight Back
Crypto money laundering has surged at a staggering pace, reaching at least $82 billion last year, up from just $10 ...
Tag: FinCEN
Learn about FinCEN (Financial Crimes Enforcement Network) and its impact on the financial industry. Discover how its regulations, guidance, and enforcement actions help detect and prevent money laundering, fraud, and other financial crimes, ensuring a secure and compliant financial ecosystem.
Ransomware Payments Dwindle as Governments Fight Back
While ransomware remains a billion-dollar problem, total payments actually declined between 2023 and 2024, according to a data from the ...
DataVisor Aims to Use AI to Optimize SAR Filings
When a financial institution detects potential criminal activity, it is required to file a suspicious activity report (SAR) with Financial ...
Google Requires Licensing for Crypto Wallet Providers
After generating some controversy with its initial announcement, Google has clarified its rules regarding crypto wallets in its app store. ...
Rules Designed to Mitigate Fraud Could Impact Small Business Owners
New U.S. Treasury Department regulations set to take effect next year aim to keep criminals from using businesses as fronts ...
Making an End Run Around Weed Payment Laws—in Utah
You know the cannabis industry has come a long way when the state of Utah is naming an approved payment ...
Cultivating a Culture of Compliance to Support Business Growth
Cryptocurrencies' key properties are pseudo-anonymity and decentralization. Nevertheless, these capabilities such as improved anonymity also support illegal activities often including ...
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