Global Fintech & Digital Assets
NOVEMBER 2, 2023
A proposed rule would increase Treasury’s insight into non-US crypto mixing transactions to combat illicit activities by malicious actors. Section 311 has heretofore been employed only against non-US financial institutions and jurisdictions rather than an individual class of transactions. By Parag Patel , Eric S. Volkman , Douglas K.
PYMNTS
SEPTEMBER 11, 2019
Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.
Fintech News
JULY 17, 2024
The far-reaching study encompasses both crypto-native and non-crypto native methods, as well as strategies for prevention. 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.
The Fintech Times
APRIL 8, 2024
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. First, we turn our attention to the growth of Banking-as-a-Service (BaaS). “Do they have a banking licence that means their customers’ money is protected up to a certain level?
PYMNTS
FEBRUARY 8, 2019
In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.
PYMNTS
SEPTEMBER 28, 2020
Fraudsters perpetrating such schemes often target individuals by phone, posing as bank officials, Internal Revenue Service (IRS) agents or public health administrators and asking for personal information or money in exchange for COVID-19 test kits, stimulus checks or work-from-home jobs.
PYMNTS
DECEMBER 23, 2020
Non-Investment Use? . “No No significant non-investment ‘use’ for XRP exists, and Ripple did not sell XRP in the offering for ‘use’,” said the SEC. XRP is a currency, as the DOJ and FinCEN determined in 2015. Elsewhere, the SEC stated that the sales of XRP did not make note of its sale for a particular “use” or “currency.”
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