Remove Blockchain Remove BSA Remove Due Diligence
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Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. In January 2024, nearly US$234 million in illicit inflows were recorded moving through bridges – the highest value to date.

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FinCen Director On Why Casino Cooperation Is Central To Fighting Financial Crime 

PYMNTS

FinCEN is continually looking at compliance across all financial institutions and will not hesitate to act when it identifies financial institutions that violate the BSA.”. Let me assure you, this is not the case.

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