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Finding Your Crypto Home: What Makes an Exchange Platform Trustworthy

Finextra

Regulatory Compliance and Licensing Regulatory compliance represents a primary indicator of exchange legitimacy. FinCEN registration as Money Services Businesses. Before creating an account, verify an exchanges regulatory status by checking license numbers and confirming compliance with relevant jurisdictions.

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What Regulatory Challenges Should Banks and Fintechs be Aware of When Leveraging BaaS?

The Fintech Times

While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third parties that use them. To find out more about the regulatory hurdles the BaaS space possesses, we reached out to industry leaders and asked them which regulatory challenges fintechs should be most aware of.

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Libra Association New General Counsel Is Former US Treasury Exec

PYMNTS

He also headed financial crime compliance for Merrill Lynch. I have dedicated my career to combating financial crime and helping complex organizations achieve regulatory compliance, both in government and in the private sector. Previously, Werner worked at the U.S.

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Challenges in Countering Trade-Based Money Laundering

FICO

must report potentially suspicious activity (including trade-related transactions) to FinCEN. The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. Financial institutions in the U.S. million SARs filed overall during the same period.

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Today In Digital-First Banking: Marqeta Debuts Tokenization-as-a-Service; BNY Mellon Names New Market Infrastructure Exec

PYMNTS

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. FinCEN Director Tells Banks To Look Out For Crypto Fraud. FinCEN Director Tells Banks To Look Out For Crypto Fraud.

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Risk’s All Around When Banks Service Cannabis

PYMNTS

The situation is improving, however: According to the latest FinCEN Marijuana Banking Update report, the number of banks and credit unions providing services to the cannabis industry in the U.S. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need. policymakers in 2014.

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Financial Crime Predictions 2021: More AI & Ransomware

FICO

Many financial institutions have adopted cloud technology and embraced the advantages of these solutions; however, one of the biggest challenges to wider cloud adoption continues to be implementing complicated AML regulatory requirements and heightened regulatory expectations. Earlier this year in the U.S.,