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). and around the world. In the era of advanced AI, it also has the power to be tool across all of law enforcement; applicable to uses ranging from fighting the opioid epidemic or taking on terrorism. “In

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

FICO

DECEMBER 23, 2020

In the wake of such radical changes, as we look to the year ahead, the challenge for global banks and financial institutions at large has never been greater. Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. Machine Learning Will Play a Great Role in Fighting Money Laundering.

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Financial Crimes Ransomware Crime AI 52

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

The Fintech Times

AUGUST 20, 2024

Global cryptocurrency exchange Binance is joining forces with the Macau Judiciary Police to launch a joint anti-scam campaign to increase risk awareness and reduce the risk of fraud in the digital space. Carlos Mak of Binance’s Financial Crimes Compliance Unit, commented: “Binance’s primary goal is always to protect users.

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Scams Risk Law Enforcement Transactions 59

CB Insights

DECEMBER 9, 2021

California-based TRM Labs offers blockchain analytics and assists cryptocurrency firms, law enforcement agencies, and financial institutions in addressing fraud and financial crime stemming from crypto transactions. How’s the company performing?

Law Enforcement 63

Law Enforcement Compliance IRS FBI 63

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 Morgan where she led the financial crime-related reviews for APAC regions.

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Compliance Financial Crimes Crime Money Laundering 64

The Fintech Times

JUNE 21, 2024

Both firms and governments across the globe have a duty to do all they can to intensify the fight against internet crime and looking to do so in Nigeria, Flutterwave , the African paytech, has partnered with Nigeria’s Economic and Financial Crimes Commission (EFCC).

Crime 64

Crime Research Financial Crimes FBI 64

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. “The

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. With digital asset adoption surging and financial technology rapidly evolving, blockchain has become both a revolutionary force for economic growth and a tool for illicit activity. billion globally.

Crime 91

Crime Ransomware Scams Phishing 91

PYMNTS

JUNE 16, 2020

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

Cybersecurity 90

Cybersecurity Money Laundering Treasury FBI 90

PYMNTS

MARCH 9, 2020

In today’s top payment news, Amazon begins selling its “Just Walk Out” technology to other merchants, plummeting oil markets cause a ripple effect in cryptocurrency, and 5G is predicted to add $2.2 Cryptocurrency markets are plummeting after oil prices crashed and the stock market spiraled in another sell-off frenzy.

Law Enforcement 55

Law Enforcement Cryptocurrency Financial Crimes PayPal 55

PYMNTS

FEBRUARY 19, 2020

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global repercussions of virtual assets, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. .

Fincen 60

Fincen Money Laundering Law Enforcement Financial Crimes 60

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. The automated transaction monitoring software U.S.

AML 52

AML Suspicious Activity Report (SAR) Fincen BSA 52

The Fintech Times

MAY 30, 2024

From the moment a cryptocurrency firm is formed, it is already facing an uphill battle. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do. Nataly Medici , chief financial officer of neobank Keytom explores what firms can do. But what can actually be done to this effect?

Compliance 64

Compliance Security Legal Blockchain 64

Neopay

JULY 18, 2024

The Scale of Money Laundering Global Scale: The United Nations Office on Drugs and Crime estimates that annual laundering volumes range from 2% to 5% of global GDP. Cryptocurrency: Chainalysis reported that $23.8 billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. trillion and $5.54

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To

Credit Cards 40

Credit Cards Crime Law Enforcement Blockchain 40

PYMNTS

APRIL 6, 2018

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. The action on the part of South Korean prosecutors is the latest in a series of raids the country has been conducting on the largest cryptocurrency exchanges.

Law Enforcement 43

Law Enforcement Bitcoin Cryptocurrency Caps 43

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. Put another way, it's the company that made it possible for PayPal’s recent announcement that it would allow its users to buy, sell and hold cryptocurrency. “So

Blockchain 77

Blockchain Settlement Bitcoin Law Enforcement 77

PYMNTS

AUGUST 3, 2018

The news comes after Costanzo was convicted of using the cryptocurrency to launder drug money. In addition, Costanzo reportedly used bitcoin to purchase drugs, and he also provided the cryptocurrency to individuals who were buying drugs online. The Justice Department said the bitcoins are worth more than $600,000 today.

Bitcoin 40

Bitcoin Money Laundering Law Enforcement Cryptocurrency 40

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

Segpay

MAY 1, 2024

DORA isn’t only designed to reduce financial crime. The Act will help regulators to identify and investigate financial crime more effectively. This will require many contracts to be rewritten or even renegotiated to ensure that security and risk management standards are enumerated and enforced.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

BioCatch

APRIL 1, 2025

I recently had the opportunity to sit down with Erin West, a globally recognized expert, speaker and victim advocate leading the fight against the financial crime epidemic.

Law Enforcement 52

Law Enforcement Scams Financial Crimes Crime 52

The Fintech Times

JANUARY 2, 2025

Global cryptocurrency exchange Binance can now comply with ongoing regulatory advancements in Brazil more efficiently as it completes the acquisition of the broker-dealer which is authorised to distribute securities and issue electronic money (EMI).

Central Bank 59

Central Bank Compliance Law Enforcement Money Laundering 59

PYMNTS

FEBRUARY 1, 2021

The company wasn’t licensed with the proper authorities at the Financial Crimes Enforcement Network (FinCEN). Mejia was found out through meeting with an undercover law enforcement agent, exchanging bitcoin for tens of thousands of dollars in cash, the release stated.

Bitcoin 67

Bitcoin Law Enforcement Fincen Financial Crimes 67

PYMNTS

SEPTEMBER 28, 2018

For years, law enforcement has feared that bitcoin could make money laundering easier. The newspaper claims that law enforcement possibly seized under $2 million of the funds that the paper analyzed. According to its analysis, which it is said only included “a narrow slice of suspected criminal behavior,” $88.6

Consumer Financial Protection Bureau (CFPB) 76

Consumer Financial Protection Bureau (CFPB) Money Laundering Law Enforcement Federal Trade Commission 76