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Financial Crime

Companies are subject to constantly evolving internal and external threats. Explore the latest financial crime developments ― to help armour businesses against harm.

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15 results

Cryptocurrency Regulation

UK payment providers offer Mastercard linked to no-KYC crypto wallets

Two UK payment services providers (PSPs) are marketing Mastercard debit cards linked to non-custodial crypto wallets. PSPs Mercuryo and Baanx...
By Rachel Wolcott 5th February 2025
UK payment providers offer Mastercard linked to no-KYC crypto wallets

Digital Assets

Russiaʼs crypto mining ambition ups sanctions risk in a sector with little due diligence

Russiaʼs recent legalisation of cryptocurrency mining has increased sanctions risk in a sector that conducts little or no due diligence....
By Rachel Wolcott 4th February 2025
Russiaʼs crypto mining ambition ups sanctions risk in a sector with little due diligence

Regulatory Reporting

Global identifier org pairs with corporate registers to boost KYC

The Global Legal Entity Identifier Foundation (GLEIF) has partnered with two European corporate registers, partly to make Know Your Customer...
By Rachel Wolcott 3rd February 2025
Global identifier org pairs with corporate registers to boost KYC

Digital Assets

FCA used money laundering regs powers on cryptos 45 times

The UK’s Financial Conduct Authority (FCA) has used powers in the Money Laundering Regulations (MLRs) on registered crypto asset firms...
By Rachel Wolcott 22nd January 2025
FCA used money laundering regs powers on cryptos 45 times

Money Laundering

Project 2025, GOP crypto policy threaten US AML progress

Project 2025, the conservative policy tome, and the Republican platform promise to “end Democratsʼ unlawful and un-American crypto crackdown” are...
By Rachel Wolcott 17th January 2025
Project 2025, GOP crypto policy threaten US AML progress

Financial Crime

Metaʼs focus on ‘high-severityʼ violations will not stop organised crime

Meta Platforms, the parent company of Facebook, Instagram, Threads, and WhatsApp, said it will continue to focus its automated systems...
By Rachel Wolcott 15th January 2025
Metaʼs focus on ‘high-severityʼ violations will not stop organised crime

Americas

US should designate Russia as a terrorist state — report

The incoming Trump administration should not ease sanctions on “kremligarchs” in a quick deal to end the war in Ukraine...
By Rachel Wolcott 14th January 2025
US should designate Russia as a terrorist state — report

Financial Crime

US sanctions on UAE entities and individuals jump

US sanctions on entities and individuals based in the United Arab Emirates (UAE) have jumped to roughly 507, with 125...
By Rachel Wolcott 17th December 2024
US sanctions on UAE entities and individuals jump