Tag: Suspicious Activity Reports
TOP-5 use cases for GenAI implementation in Banks or Fintech companies
Over the past few years, Generative Artificial Intelligence, or GenAI, has started to play a major role in many industries and has catalysed a...
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EU Agrees on Stricter Anti-Money Laundering Rules
Francesco Fulcoli - Chief Compliance Officer
The Council of the European Union and the European Parliament have reached a provisional agreement on reforms to strengthen...
Genesis Global Trading Settles with NYDFS for $8 Million Over Compliance Failings
Digital Currency Group (DCG) subsidiary – Genesis Global Trading – reached a settlement with the New York Department of Financial Services (NYDFS) on...
Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass
This is, in the grand scheme of things, exactly how Warren’s AML operates. Warren’s proposal is written in such a way to increase reporting...
JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business – The Daily Hodl
A man who says he’s banked with JPMorgan Chase for 18 years has gone viral after accusing the bank of terminating his account with...
Fraud Prevention Is a Priority: Public and Private Sectors Must Come Together
Criminals are constantly identifying new ways of
convincing innocent people to be unwitting participants in crimes, and
unfortunately, the number of victims and the size of...
JPMorgan Chase Accused of Terminating $200,000 Account Without Warning, Forcing Customer to Fly 2,400 Miles for Support: Report – The Daily Hodl
A loyal JPMorgan Chase customer has reportedly had his life turned upside down after discovering his account was abruptly terminated without notice.
The customer, who...
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor...
Misunderstanding Crypto And Terror Financing Leads To Bad Policy – CryptoInfoNet
The House Financial Services Committee is holding a hearing Wednesday focused on illicit activity in digital assets. This hearing follows two others, conducted last...
Maximizing Data and Resources with a Hybrid Centralized-Decentralized AML Compliance Program
Corporate AML compliance objectives are a balancing act of effective risk management, revenue goals, and cost savings, but the reality is that many organizations...
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an alert on October 20, 2023, aimed at assisting financial institutions in...
Combating Money Mule Activity: FCA’s Comprehensive Review and Recommendations
Francesco Fulcoli – Chief Compliance Officer and Board Member at TransferGo
The Financial Conduct Authority recently conducted an extensive review of payment account providers' systems and controls against...
Fintech Regulations: New Solutions in a Complex Landscape – Fintech Singapore
If one looks inside the fintech regulatory landscape, they will see a complex web of shifting laws, regulations, and frameworks.However, many jurisdictions have an...
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