PYMNTS

AUGUST 14, 2019

The second was the rise of cryptocurrency (though during his remarks he tended to refer to it as Convertible Virtual Currency or CVC). Mobile Gaming And Digital Currency . The Team Oriented Nature Of Compliance .

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

PYMNTS

MAY 19, 2020

has been named general counsel to the Libra Association , a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization announced Tuesday (May 19). He also headed financial crime compliance for Merrill Lynch. Previously, Werner worked at the U.S.

Treasury 90

Treasury Financial Crimes Crime Fincen 90

PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. The Wall Street Journal , citing the New York Attorney General Barbara D.

Bots 72

Bots Cryptocurrency Digital Currency Scams 72

PYMNTS

AUGUST 3, 2020

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. That could include talking about ways to make money through digital currency schemes like cryptocurrency.

Fincen 88

Fincen Scams Email Compromise Phishing 88

FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. As digital currencies grow, criminals are taking advantage of the emerging technology. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. This includes $2.8 This includes $2.8

Cryptocurrency 52

Cryptocurrency Risk Financial Crimes Crime 52

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. .”

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CBDC Interbank Settlement Fincen Digital Currency 98

PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

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

Office of the Comptroller of the Currency 95

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

Fintech News

JANUARY 24, 2024

On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

PYMNTS

NOVEMBER 12, 2018

Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services.

Scams 71

Scams Money Laundering Digital Currency Cryptocurrency 71

PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. Department of the Treasury’s Financial Crimes Enforcement Network.

Financial Crimes 69

Financial Crimes Digital Currency Cryptocurrency Crime 69

PYMNTS

JULY 15, 2019

The top official overseeing Facebook’s Libra cryptocurrency told U.S. Libra Head David Marcus said the creation of Facebook’s cryptocurrency is not intended to compete with principal currencies and won’t interfere with monetary policy, Reuters reported. Monetary policy is properly the province of central banks.”.

Money Laundering 46

Money Laundering Regulations Fincen Cryptocurrency 46

PYMNTS

NOVEMBER 2, 2020

Plus, Surecomp has introduced financial crime solution ThetaRay as its latest partner for its marketplace platform. As smaller companies struggle financially because of the coronavirus, extended revenue shortfalls could impact the millions of people who work for them, the Fed said in announcing the new terms.

Debit Card 59

Debit Card Fed Federal Reserve Financial Crimes 59

The Fintech Times

FEBRUARY 24, 2024

Many cryptocurrency exchanges (CEXs) that facilitate trades between users of various digital currencies have often come under fire for mismanaging money, or engaging in unlawful activity. Meanwhile, the US boasts more top CEXs registered with the Financial Crimes Enforcement Network (FinCEN) than any other country.

Fincen 69

Fincen Financial Crimes Regulations Digital Currency 69

PYMNTS

JULY 30, 2019

In a hearing titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” the United States Senate Banking Committee heard from industry participants and analysts, with a common refrain that potential and risk are in the offing, and new regulations are needed. In crypto, only a few trust?

Digital Currency 56

Digital Currency Money Laundering Data Breach Privacy 56

PYMNTS

OCTOBER 19, 2020

sanctions can encompass prohibitions on operations with cryptocurrencies. The bank claims that a digital ruble could make digital payments less expensive, increase the ease of international payments and relax the pressure on current payment systems. However, CoinDesk notes that U.S. 19) announcement. 19) announcement.

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Fincen Mitigation Risk AML 53

PYMNTS

MARCH 3, 2020

Justice Department (DOJ) with laundering over $100 million worth of cryptocurrency that was previously hacked by North Korean fraudsters, the DOJ said on Tuesday (March 3). and unsealed on Monday (March 2), Tian Yinyin and Li Jiadong allegedly laundered cryptocurrency stolen by North Korean hackers between December 2017 and April 2019.

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

PYMNTS

AUGUST 28, 2017

Elsewhere in regulation, and also outside the United States, focus is tightening on cryptocurrencies. Australia is gearing up to boost anti-money laundering efforts and wants to regulate cryptocurrencies, including bitcoin. The move comes in the wake of news of alleged financial misdoings at Commonwealth Bank of Australia (CBA).

Cybersecurity 57

Cybersecurity Money Laundering Digital Currency Online and Mobile Banking 57

BitPay

MAY 25, 2023

A growing number of businesses have begun accepting cryptocurrency payments to meet the demands of their crypto-using customers. Fortunately, today it’s easier than ever for B2B businesses to start taking cryptocurrency in exchange for their goods and services, with no crypto knowledge required and no complicated integrations.

Cryptocurrency 40

Cryptocurrency B2B Bitcoin Processors 40

Fintech News

DECEMBER 10, 2023

The evolving payment landscape Edward underscored that the payment landscape continually evolves, with innovations such as central bank digital currencies (CBDCs) gaining prominence. The impact of CBDCs on payments, financial inclusion, and monetary policy remains an ongoing discussion.

Addressing 120

Addressing Fraud Prevention Financial Inclusion Payments 120

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. JPMorgan, of course, also said last year that it would look to issue its own digital currency, the JPM Coin. Drilling down a bit, cryptocurrency scams ranked above online purchase fraud and fake checks/money orders.

Bitcoin 60

Bitcoin FBI Cryptocurrency Scams 60

PYMNTS

JUNE 22, 2020

Vinnik, who’s currently held in France but wanted in the United States and his native Russia, allegedly laundered billions of dollars through BTC-e, one of the world’s largest digital-currency trading exchange, the Associated Press reported Monday (June 22). Gox, the bitcoin exchange based in Japan. authorities, AP reported.

Bitcoin 72

Bitcoin Money Laundering Crime Financial Crimes 72

Finance Magnates

JANUARY 16, 2023

Some states may also require businesses to obtain a license from the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of Treasury. The license is used by businesses such as money transfer companies, payment processors, and digital currency exchanges. Faisal Khan , CEO of Faisal Khan LLC.

Fincen 52

Fincen Financial Crimes Digital Currency Treasury 52

PYMNTS

SEPTEMBER 30, 2020

Jumio Bolsters Financial Crime Detection Capabilities With Beam’s AML Platform. Jumio said it intends to integrate the AML screening and transaction monitoring offerings of Beam into its KYX platform to assist in flagging financial crime and simplifying regulatory compliance. The news follows Jumio’s Sept.

Fincen 52

Fincen Financial Crimes AML Card Issuer 52

PYMNTS

FEBRUARY 16, 2018

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Kim had worked for Consolidated Trading LLC, which recently formed a cryptocurrency group. The Department of Justice said the punishment for financial crime is high.

Bitcoin 41

Bitcoin Financial Crimes Cryptocurrency Crime 41

FICO

NOVEMBER 15, 2021

We asked them about the kind of financial crime that was worrying to them. For comparison, slightly more people were worried about a pickpocket stealing their wallet or purse and 31% were worried about a fraudster using information about them to takeover one of their financial accounts.).

Scams 105

Scams Romance Scams Crime Fraud Prevention 105

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. citizenship.

Digital Currency 52

Digital Currency Crime Cryptocurrency Money Laundering 52

PYMNTS

NOVEMBER 16, 2018

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. In addition, FinCEN is requiring for purchases via virtual currencies to be reported. FinCEN Director Kenneth A.

Fincen 53

Fincen Financial Crimes SARS Crime 53

PYMNTS

OCTOBER 22, 2019

Facebook’s relationship with financial institutions could be threatened if it launches its cryptocurrency Libra without fully addressing concerns over money laundering, The Financial Times (FT) reported on Tuesday (Oct. He further confirmed that Libra could jeopardize Facebook’s future funding. .

Money Laundering 42

Money Laundering FPC Finance Cryptocurrency 42

PYMNTS

JULY 1, 2019

Despite the obvious regulatory hurdles that Facebook’s recently announced cryptocurrency is facing, the company is moving forward with its plan to provide the world with an accessible global currency, according to reports. Financial Crimes and Enforcement Network (FinCEN). It’s only going to get worse.”.

Fincen 41

Fincen Central Bank Cryptocurrency Financial Crimes 41

PYMNTS

JANUARY 18, 2018

There’s no denying that cryptocurrencies have changed the conversation in payments and banking, for better or for worse. The CEO said there are a few reasons why cryptocurrencies and blockchains aren’t scaling well — and perhaps can never scale well — in the payments space. Second, cryptocurrencies have a liquidity problem.

Cryptocurrency 41

Cryptocurrency Financial Crimes Bitcoin Digital Currency 41

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. citizenship.

Digital Currency 40

Digital Currency Crime Cryptocurrency Money Laundering 40

PYMNTS

OCTOBER 7, 2019

The launch of Libra ignited a global debate over the role of cryptocurrencies in payments and financial services. Some central bankers have expressed interest in creating digital fiat currencies – and one country, China, says it’s ready to launch its own version of Libra. Two: Be Clear About What You Are.

Regulations 79

Regulations Payment Networks Cross-Border Cryptocurrency 79

PYMNTS

FEBRUARY 15, 2018

The central bank is also conducting a study on issuing digital currency. In the bitcoin realm, finance officials from France and Germany have requested that discussion of cryptocurrencies – specifically on policy – be part of the agenda at next month’s G20 meeting.

Regulations 40

Regulations FinTech Cryptocurrency Bitcoin 40

The Paypers

JUNE 17, 2025

The development is expected to provide Alpaca’s partners with secure and efficient access to multiple cryptocurrencies, powered by Kraken’s deep global liquidity and institutional-grade infrastructure, all through Alpaca’s unified Broker API.

Payment APIs and Integration 28

Payment APIs and Integration CBDC Financial Crimes Multi-Currency 28

Fintech News

DECEMBER 19, 2023

The conference will feature 10 fintech tracks covering a spectrum of fintech verticals including regulations, embedded finance, paytech, regtech, combating financial crime, fintech globally, impact fintech, Web 3.0, and the metaverse, cryptocurrency, environmental, social and governance (ESG) standards, and fintech for good.

FinTech 128

FinTech Web 3.0 Participant AI 128

Global Fintech & Digital Assets

NOVEMBER 2, 2023

Yatter , and Deric Behar On October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that would designate as a “primary money laundering concern” all non-US convertible virtual currency [1] mixing (CVC mixing). By Parag Patel , Eric S.

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52