AML Compliance Trends
[Opinion] - April 3, 2024 - Fintech.global - The escalation of financial crime has rendered traditional, hands-on monitoring methods outdated and ineffective. With vast datasets to scrutinise, the need for automated...
Anti-Corruption Around the World
April 2, 2024 - Dentons.com - The new Foreign Extortion Prevention Act (“FEPA”), which criminalizes the “demand” side of bribery, has significant implications for U.S. companies operating around the globe...
April 3, 2024 - Bloomberg.com - The head of South Africa’s revenue service said it will ramp up efforts to target lenders and advisers who may be “professional enablers” of organized corruption and financial...
April 3, 2024 - Fundsforngos.org - The Bureau of International Narcotics and Law Enforcement Affairs of the U.S. Department of State announces an open competition for organizations to submit...
April 2, 2024 - Times of Malta.com - The government continues to drag its feet in doing what it takes – and what experts recommend – to ensure the best possible anti-corruption measures are in place...
April 3, 2024 - The Star.com.my - The Malaysian Anti-Corruption Commission (MACC) has pledged to carry out the command of His Majesty Sultan Ibrahim, King of Malaysia, to fight corruption...
April 2, 2024 - Bangladeshpost.net - The Anti-Corruption Commission Chairman Mohammad Moinuddin Abdullah on Tuesday urged all to work for uprooting corruption from all spheres for the sake of the country...
April 3, 2024 - Indianexpress.com - Through unimagined development, India should stand as a “developed country”, he said, adding that the situation in villages had changed under PM Modi’s leadership...
Argentina
April 3, 2024 - Global Compliance News.com - On 14 March, the amendments to the Law on the Prevention of Money Laundering and Financing of Terrorism (Law 27,739) were approved. They implement...
Company Announcements
April 2, 2024 - Fintechfutures.com - Viamericas Corporation, a licensed international remittance company, has launched international bill pay in Guatemala to make cross-border bill payments convenient...
April 3, 2024 - American Banker.com - San Francisco-based Visa recently announced a series of deals enhancing its international cross-border reach and related services it provides to third parties including...
April 3, 2024 - Aninews.in - MoneyGram International, Inc., a leading global financial technology company that connects the world's communities, today announced a new partnership with Tencent...
April 3, 2024 - Techpoint.africa - RightCard Payment Services Limited (trading as LemFi), a cross-border payment solution that allows people in the diaspora to send and receive funds back home, has announced...
April 3, 2024 - IBS Intelligence.com - Commerzbank is updating its existing payment platform in Germany to process cross-border payments via the SWIFT network and to process high-value and urgent payments...
FinCEN
[Subscription Required] - April 3, 2024 - Regulationasia.com - FinCEN is considering changes to requirements for banks to collect a full Social Security number from customers during onboarding...
Also See:
March 28, 2024 - Fincen.gov
Fines, Crimes & Cases
April 2, 2024 - Arkansas Business.com - The Arkansas Securities Department has ordered money transfer company Sigue Corp. of San Fernando, California, to cease activities in Arkansas due to the...
Also See:
March 2024 - Securities.Arkansas.gov
April 3, 2024 - Cryptoslate.com - The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla...
Fintech Around the World
April 3, 2024 - Tradingview.com - The introduction of artificial intelligence (AI) has helped supercharge the financial services sector, an industry that’s hardly a newcomer in terms of technological innovation...
April 3, 2024 - Finextra.com - Navigating the ever-evolving landscape of banking trends amid fierce competition can be daunting. Recognizing the importance of staying ahead, especially as fintech disruptors reshape...
April 3, 2024 - Fintech Magazine.com - Fintechs sit at the pinnacle of innovation in the financial services sector, offering the latest payments technologies, security features and customer offerings...
April 3, 2024 - BBN Times.com - The financial technology industry is undergoing a spectacular change propelled by the integration of cutting-edge technologies. This new era of innovation is being...
[Subscription Required] - April 3, 2024 - Nzherald.co.nz - Banks are fighting to maintain the upper hand, as they’re coming under increasing pressure to loosen their grips on their customers’ data...
India
April 3, 2024 - Insightsonindia.com - The article discusses the Prevention of Money Laundering Act (PMLA), which was initially aimed at combating the laundering of drug money but has expanded...
Payment Services
April 3, 2024 - Forbes.com - Fast forward to today: Cross-border payments have moved well beyond the early days of when it was only CHIPS with nine participating banks and the Society for Worldwide...
April 2, 2024 - Pymnts.com - Payments innovations that scale broadly in the B2C space aren’t always as widely adopted in the B2B space due to limited applicability. The principles of consumer payment...
April 3, 2024 - Businesstimes.com.sg - Central banks of Brunei Darussalam and Laos have officially joined a payment connectivity initiative in the South-east Asia region, Bank Indonesia said in a statement...
Remittances & Immigration
April 2, 2024 - Asianews.network - Remittance fell 1.23 percent year-on-year to $1.99 billion in March although inflows usually go up on the occasion of Eid, Bangladesh Bank data showed. Industry insiders...
April 3, 2024 - The New Humanitarian.org - Months after the start of new US sanctions targeting Yemen’s Houthi rebels, ordinary Yemenis say they are struggling to access money transfers from outside the...
April 2024 - MSN.com - Record remittances! Overseas Indians have sent a record $29 billion back home through remittances in the December quarter, driven by increasing returns from FCNR (foreign currency...
April 3, 2024 - African Manager.com - Remittances by Tunisians living abroad reached 1,810 million dinars at the end of the first quarter of the current year, according to data from the Central Bank of Tunisia (BCT)...
United Kingdom
[Subscription Required] - April 3, 2024 - The Banker.com - UK regulators at the Bank of England and the Financial Conduct Authority are consulting on their proposed approach to operating the Digital...
Virtual Currencies Around the World
April 2, 2024 - Coingeek.com - Privacy has been the most debated aspect of central bank digital currencies (CBDCs). The focus has been exclusively on how this privacy affects users, but in its new report, the...
April 3, 2024 - Gulfnews.com - Do you keep seeing the word ‘SWIFT’ whenever you bank or transact money across countries? It is simply a central bank-governed network, which banks globally use to...
April 2, 2024 - Coingeek.com - Singapore is expanding its payment laws to cover digital payment tokens (DPTs) in a move that aims to protect investors and promote financial stability...
April 3, 2024 - Coininsider.com - The requirement for crypto firms to register with regulatory authorities represents a formalisation of the cryptocurrency sector within Argentina. This move suggests that the...
[Subscription Required] - April 3, 2024 - Regulation Asia.com - The association will be responsible for formulating industry norms, advocating compliant operations, and improving industry...
April 3, 2024 - Tradingview.com - Lithuania, one of the most burgeoning crypto markets in the world, is set to enforce stricter regulations on crypto companies with a comprehensive licensing process to be...
April 3, 2024 - The Asset.com - Among 58 countries and other jurisdictions with important virtual asset activities, Vietnam and the Seychelles are complying the least with international steps to regulate...
