Economic sanction RegTech startup Silent Eight pockets $40m
Silent Eight, an AI-powered economic sanctions enforcement and financial crime prevention solutions, has bagged $40m in its Series B.
Italian watchdog slaps ClearView AI with €20m fine
Italy’s data privacy watchdog has given US-based RegTech firm ClearView AI a €20m fine over controversies surrounding its facial recognition software.
How financial institutions can remain compliant in the face of Russian sanctions
As the fighting between Russia and Ukraine forces continue, national governments globally are increasingly imposing severe sanctions on Russia and its financial sector.
SEC charges sibling fraudsters for $124m crypto fraud operation
The Securities and Exchange Commission (SEC) has charged siblings John and Tina Barksdale with defrauding thousands of retail investors out of over $124m.
How is cryptocurrency changing money laundering?
The cryptocurrency market is booming. With new technologies and new products launching on the market, the industry is seemingly going from strength to strength. With new technologies, however, come new challenges. How is the industry changing money laundering?
European Parliament postpones crypto regulation vote amid backlash
The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.
Federal Reserve reassesses US Central Bank payment system
The Federal Reserve Board has proposed changes to how financial firms get access to the US Central Bank’s payment system, a report by PYMTS has revealed.
US regulators slap National Bank of Pakistan with $55m fine
The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.
BIS unveils green bond fund to finance sustainable projects in APAC
The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.
The dark link between money laundering and modern slavery
Money laundering and modern slavery may not seem to have many clear connections at first glance. However, there is more than meets the eye on this topic.
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