Money laundering is a massive global problem estimated at 2-5% of global GDP (up to $2 trillion annually). In response to the situation, regulatory authorities worldwide are developing stringent laws ...

The DOJ and FinCEN reached resolutions with Paxful, a US-based virtual currency trading platform, over Bank Secrecy Act and AML ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

The Financial Crimes Enforcement Network says the two-year delay will give it time to review and potentially limit the scope ...

Discover why more property agencies are closing and agent growth is slowing in Singapore due to rising costs and stricter ...

Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky, ...

Have you given a thought to Anti-Money Laundering (AML) compliance? If not, now’s the time, because UK regulators are tightening the screws. According ...

Having worked with compliance teams throughout my professional career, I’ve always known them to be critical roles in any organization, yet they are often underappreciated. Unfortunately, commercially ...

The Bank of Ghana (BOG) and the Financial Intelligence Centre (FIC) have issued a stringent new set of guidelines aimed at fortifying the ...