Stax

JANUARY 23, 2025

The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech News

JULY 2, 2025

Digital wallets and cryptocurrencies are two of the most targeted channels for fraud this year, according to SEON’s 2025 Digital Fraud Outlook , making the stakes higher than ever. Built around documentation verification and static data checks, these processes are essential for regulatory compliance.

Fraud Prevention 112

Fraud Prevention Technology Checks Money Laundering 112

Fintech News

MARCH 24, 2025

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024.

APACS 92

APACS Verification Fraud Detection Money Laundering 92

Fintech News

APRIL 28, 2025

Crypto exchange OKX has introduced OKX Pay, a new feature within its app designed to make cryptocurrency payments and self-custody more accessible. Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls. OKX plans to add support for more stablecoins over time.

Web 3.0 69

Web 3.0 Stablecoins Money Laundering Payments 69

PYMNTS

JANUARY 28, 2020

10, with new regulations for cryptocurrencies, wallets and exchanges. Issuers, merchants, payments service providers (PSPs) and other interested parties are closely watching developments in AML/KYC and counter terrorist financing (CTF) regulations, as governments worldwide clamp down strongly on identity scams.

AML 60

AML Compliance Money Laundering Due Diligence 60

Clearly Payments

MARCH 11, 2024

In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. Cryptocurrency, such as Bitcoin, Ethereum, and others, operates on decentralized blockchain networks, enabling secure, peer-to-peer transactions without the need for intermediaries like banks or financial institutions.

Cryptocurrency 104

Cryptocurrency Consumer Protection Financial Inclusion Payments 104

Payments Source

APRIL 25, 2018

When regulators recognize ICOs as securities offerings, they will likely require issuers to fully comply with standard Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, increasing compliance pressure, according to Ron Teicher, CEO of EverCompliant.

Money Laundering 98

Money Laundering Issuers Cryptocurrency AML 98

Fintech News

JULY 10, 2025

Regulatory compliance is swiftly becoming a core requirement, forcing crypto businesses to overhaul their business models and ensure that their models are legitimate and stable. From recent crackdowns in Thailand to swift reforms in Singapore, the message is clear: compliance is the new currency of credibility in crypto.

Regulations 79

Regulations Due Diligence SWIFT Money Laundering 79

Finovate

NOVEMBER 6, 2024

The partnership will enable users of Ingenico’s platform globally to accept payments in cryptocurrency. “With this level of compliance automation, Boerse Stuttgart Digital can onboard banks, brokers, and asset managers seeking to unlock crypto trading faster, thus accelerating growth.”

Blockchain 64

Blockchain Cryptocurrency SWIFT Payments 64

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

MARCH 25, 2019

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP. The numbers are sobering.

AML 78

AML Financial Crimes Money Laundering Crime 78

Fintech Finance

DECEMBER 13, 2024

Helios , a leading global workforce management and payments platform, announces the launch of its cryptocurrency payroll funding solution in January 2025. The capability also prioritizes robust security and compliance, adhering to strict Know Your Customer (KYC) verification and Anti-Money Laundering (AML) standards through trusted partners.

Payroll 98

Payroll Process Cryptocurrency Money Laundering 98

Fintech Review

NOVEMBER 20, 2024

Through identifying the optimal cryptocurrency, the optimal blockchain, as well as the optimal exchange for each individual settlement, our SOE empowers financial institutions and their diverse customer sets with the fastest, most cost-efficient cross-border funds transfer technology available — regardless of location.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Fintech Review

APRIL 10, 2025

Wilmington, North Carolina, April 10th, 2025, FinanceWire Brantas payment verification and Amboss compliance tools give businesses a robust solution to mitigate risks from sophisticated attackers, setting a new standard for business operational security in the Bitcoin and Lightning Network ecosystems. The Bybit hack, which saw nearly $1.5

Bitcoin 52

Bitcoin Transactions OFAC Verification 52

PYMNTS

JULY 8, 2019

In the pre-digital age of financial services, AML/KYC was a very slow process. and compliance teams would manually check onboarding customers to make sure their records were clear. Wiping out the manual process and handling compliance in an automated fashion can propel companies forward,” Meier said.

Compliance 80

Compliance AML Automation Authentication 80

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. In a recent interview with PYMNTS, Bankera Co-founder Vytautas Karalevi?ius As Karalevi?ius

Cryptocurrency 113

Cryptocurrency Cross-Border AML Compliance 113

Fintech News

JUNE 3, 2024

The report, titled “Top Trends Shaping Anti-Money Laundering in Asia-Pacific in 2024”, delves into the key trends, technology adoption, and regulatory imperatives shaping the anti-money laundering (AML) market in APAC. Blockchain analysis firm Chainalysis estimates that money laundering activity involving cryptocurrency totaled US$22.2

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

PYMNTS

DECEMBER 9, 2020

There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. compliance regulations or have the necessary equivalent documents for verification. The year 2020 saw 18.42 regulations.”.

Money Laundering 66

Money Laundering Cryptocurrency AML Bitcoin 66

PYMNTS

SEPTEMBER 29, 2020

Jumio , known for its suite of artificial intelligence (AI)-powered identity verification and online know your customer (KYC) products, is beefing up its anti-money laundering (AML) powers. Another key component of the platform is helping companies manage various KYC and AML regulations in different jurisdictions across the world.

Financial Crimes 61

Financial Crimes AML Crime Money Laundering 61

Fintech News

DECEMBER 13, 2023

In recent years, the world has witnessed a rapid rise in the popularity and adoption of cryptocurrencies. The key to adhering to these ever-changing mandates is to enable compliance teams to remain agile and have the ability to recalibrate or reconfigure their financial crime compliance processes.

Financial Crimes 120

Financial Crimes Money Laundering Risk Crime 120

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. One recent example of a response to the proliferation was the inclusion of a long-fought anti-money laundering (AML) provision within the recently passed defense spending bill in the U.S. Complex Compliance.

AML 108

AML Money Laundering Compliance Law Enforcement 108

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. The partnership aims to reduce onboarding times and enhance compliance with evolving cryptocurrency regulations.

Verification 113

Verification Fraud Detection Money Laundering Compliance 113

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. Sunil Madhu , founder and CEO of Socure , joined Karen Webster to give context to some of the compliance concepts trending in the industry and also share his thoughts on what’s coming next down the regulatory pipeline. Compliance Decoded.

Compliance 76

Compliance Due Diligence Money Laundering Procedures 76

The Fintech Times

JULY 31, 2024

. “Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.”

Compliance 64

Compliance AML Due Diligence Regulations 64

PYMNTS

JUNE 20, 2019

But flipping through the latest edition of the PYMNTS AML/KYC Tracker, in collaboration with Trulioo , there is a lot of data to suggest that this is the situation in an awful lot of organizations. If the risk experts aren’t feeling confident — it is hard to know how anyone else in an organization is going to.

AML 66

AML Due Diligence Money Laundering Risk Assessment 66

PYMNTS

OCTOBER 13, 2020

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

AML 82

AML Fincen Cryptocurrency BSA 82

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. The drivers of AML initiatives in the U.S. Cryptocurrency and Blockchain.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. They provide added services to customers ranging from personal budgeting and spending alerts to personal funds transfers and cryptocurrency wallets.

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

The Fintech Times

NOVEMBER 26, 2024

With over 240 million customers across the globe, global blockchain ecosystem and cryptocurrency exchange, Binance is seeking top compliance and investigation talent to ensure it can keep pace with the industry and company’s rapid maturation and growth. “We Currently, the firm employs over 1,000 compliance staff and contractors.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

The Fintech Times

MAY 30, 2024

From the moment a cryptocurrency firm is formed, it is already facing an uphill battle. As regulatory and law enforcement agencies across the globe are doggedly seeking to assert jurisdiction over the crypto industry, many companies have come under intense scrutiny in recent years due to many cases of compliance violations.

Compliance 64

Compliance Security Legal Blockchain 64

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0 Morgan Chase & Co.

Office of the Comptroller of the Currency 95

Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept.

Treasury 129

Treasury Cryptocurrency Stablecoins Fincen 129

PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. Part of the initiative includes the SBA’s guidelines to the nation’s traditional financial services market on how to service these industry players while maintaining compliance.

Cryptocurrency 85

Cryptocurrency Blockchain AML Money Laundering 85

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. AML Screening : Sanctions and watchlist screening, transaction pattern analysis for detecting money laundering activities. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

The Payments Association

JANUARY 29, 2025

The lack of clear ownership in key compliance areas, such as transaction monitoring and risk remediation, led to delays in resolving issues. This situation was exacerbated by a culture that prioritised business objectives over compliance and did not empower compliance teams. July 2024: CB Payments Limited (Coinbase UK)3.5

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Payments Source

OCTOBER 21, 2019

Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.

Fincen 67

Fincen AML Compliance Payments 67