The SRA has released its 2024-25 anti-money laundering report and the scale of supervision is striking - it carried out 935 ...

On 13 May 2024, the Securities and Exchange Commission (SEC) and the US Department of Treasury’s (DoT) Financial Crimes Enforcement Network (FinCEN) jointly proposed rulemaking to implement Section ...

Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are essential components of a robust compliance framework for financial institutions worldwide. These procedures help to prevent ...

The DOJ and FinCEN reached resolutions with Paxful, a US-based virtual currency trading platform, over Bank Secrecy Act and AML ...

Earlier this month, the US Securities and Exchange Commission (SEC) charged a registered investment adviser (RIA) with willfully violating Section 206(4) of the Investment Advisers Act of 1940 by ...

The objectives of this guideline are to assist principals to develop and implement effective risk-based AML/CFT/CPF ...

The Bank of Ghana (BOG) and the Financial Intelligence Centre (FIC) have issued a stringent new set of guidelines aimed at ...

Sanctuary Wealth’s broker/dealer subsidiary will pay $150,000 to settle FINRA allegations that it fell short when developing and testing an anti-money-laundering (AML) program that complied with ...

At the end of last week, Saxo Bank was served with a number of injunctions by Finanstilsynet (the Danish FSA) following a series of investigations that were launched during 2009 and 2010, to examine ...

Money laundering is a massive global problem estimated at 2-5% of global GDP (up to $2 trillion annually). In response to the situation, regulatory authorities worldwide are developing stringent laws ...

Solidarités International, a French-based humanitarian aid organisation committed to providing life-saving assistance in areas affected by conflict and natural disasters, has gone live with FinScan to ...