NEWS: South Korea fines crypto exchange Coinone $3.5m over AML violations
By PAUL O’DONOGHUE, Senior Correspondent SOUTH Korea’s FIU (Financial Intelligence Unit) has fined crypto exchange Coinone 5.2 billion…
Why agentic AI is closing the financial crime gap
A new breed of AI system is rapidly changing the way financial institutions approach crime prevention, according to…
NEWS: Binance fined $6.9m over compliance failures in Australia
By Kumar Tanishk THE Australian federal court has ordered Binance’s local unit to pay A$10 million ($6.9 million)…
Banks Need Revocable AI Identities, Continuous Trust Models
Agentic AI , Anti-Money Laundering (AML) , Artificial Intelligence & Machine Learning Fraud Specialist David Barnhardt on Addressing…
IMF Warns Stablecoins Pose 'Major Financial Stability Risks' – Regulation Asia
IMF Warns Stablecoins Pose ‘Major Financial Stability Risks’ Regulation AsiaFinance Changed, Risks Didn’t International Monetary FundCould stablecoins challenge banks and…
Indicators point to a healthy environment despite industrial past
Sep. 6—WILKES-BARRE — According to Jill Avery-Stoss, president of The Institute, a healthy environment is essential to a…
NEWS: Virtual IBANs not being used by any small businesses in Italy, watchdogs say
BY PAUL O’DONOGHUE, Senior Correspondent VIRTUAL IBANs are used by only a small number of large financial institutions…
Crypto ATM Ban Proposed in New Zealand Crime Crackdown
New Zealand wants to outlaw cryptocurrency ATMs and place limits on overseas cash transfers. Nicole McKee, the country’s…
New Zealand Government Want to Ban Crypto ATMs in AML/CFT Regime Overhaul
New Zealand’s government plans to ban crypto ATMs as part of an overhaul of its anti-money laundering and…
NEWS: AMLA and ECB sign agreement on AML supervision
By PAUL O’DONOGHUE, Senior Correspondent THE EU’s new Anti-Money Laundering Authority (AMLA) has signed a cooperation deal with…
Anchorage Digital Bank Investigated by Homeland Security
Crypto company Anchorage Digital Bank is reportedly being investigated by the Department of Homeland Security (DHS). The nature…
Artificial Intelligence Alone Not the ‘Silver Bullet’ as Compliance Chiefs Wrestle with Rising Costs and Complexity
Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but…