Fintech News

JANUARY 7, 2024

Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement. As US sanctions and enforcement actions targeted their previous go-to obfuscation platforms like Tornado Cash and ChipMixer, North Korea pivoted to another mixer, the BTC service Sinbad.

OFAC 119

OFAC Law Enforcement Money Laundering Cryptocurrency 119

PYMNTS

MARCH 3, 2020

These charges should serve as a reminder that law enforcement, through its partnerships and collaboration, will uncover illegal activity here and abroad, and charge those responsible for unlawful acts and seize illicit funds even when in the form of virtual currency.”. Attorney Timothy J. The DOJ also said that the U.S.

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

PYMNTS

AUGUST 14, 2019

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

Stax

DECEMBER 4, 2023

For this, you might require data from government sources, international regulators, and law enforcement agencies. Each merchant is verified and validated using KYC, AML, OFAC, and credit checks so you may rest easy as we do the heavy lifting for you. To learn more, contact our team today.

Money Laundering 88

Money Laundering Compliance AML BSA 88

FICO

DECEMBER 23, 2020

Despite the enormous efforts banks put into AML monitoring, the effectiveness of the overall system to combat financial crime is disappointingly low: for example, only 4% of SARs prompt law enforcement inquiry. whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52

PYMNTS

AUGUST 22, 2019

The Chinese kingpins that OFAC designated today run an international drug trafficking operation that manufactures and sells lethal narcotics, directly contributing to the crisis of opioid addiction, overdoses and death in the United States. The drug traffickers face sanctions after coordinated actions from OFAC, FinCen and U.S.

Treasury 46

Treasury SDN Addressing OFAC 46