Regulatory & Compliance

Blockchain Revolutionizes AML Compliance to Combat Financial Crimes
Regulatory & Compliance Blockchain Revolutionizes AML Compliance to Combat Financial Crimes

The enduring battle against financial crime, including pervasive issues like money laundering and fraud, has been a persistent challenge for financial institutions and regulatory bodies alike. Traditional Anti-Money Laundering (AML) systems, burdened with outdated technology and labor-intensive

March 17, 2025
How Is AI Transforming Compliance in the Fintech Industry?
Regulatory & Compliance How Is AI Transforming Compliance in the Fintech Industry?

In the ever-evolving fintech landscape, artificial intelligence (AI) is redefining the approach to compliance. As venture capital investments in fintech surge globally, AI has emerged as a critical tool for streamlining compliance processes, enhancing efficiency, and detecting fraud. The profound

March 14, 2025
Bank of America Exploring Launch of US Dollar-Pegged Stablecoin
Regulatory & Compliance Bank of America Exploring Launch of US Dollar-Pegged Stablecoin

Bank of America is contemplating launching its own stablecoin, a move that could significantly impact the stablecoin market and the broader financial sector. The announcement, delivered by CEO Brian Moynihan, underscores the bank’s interest in the burgeoning stablecoin market and its desire to l

March 13, 2025
ActBlue Faces Allegations of Fraudulent Donations and Money Laundering
Regulatory & Compliance ActBlue Faces Allegations of Fraudulent Donations and Money Laundering

Recent allegations have cast a shadow over ActBlue, raising crucial questions about the platform's legitimacy and transparency in political fundraising. Known for funneling significant funds to left-wing movements and Democratic campaigns, ActBlue is now under scrutiny following claims of

March 12, 2025
How Can Banks Achieve Sustainable Compliance Under Regulatory Scrutiny?
Regulatory & Compliance How Can Banks Achieve Sustainable Compliance Under Regulatory Scrutiny?

With enforcement actions, consent orders, and written agreements reaching unprecedented levels, banks are increasingly in search of swift solutions to regain normalcy. Enforcement actions bear the potential to hinder a bank's growth, product launches, or acquisitions. For instance, one bank

March 11, 2025
NBR Implements Advanced Customs Risk Management Regulations for 2025
Regulatory & Compliance NBR Implements Advanced Customs Risk Management Regulations for 2025

The National Board of Revenue (NBR) is set to transform customs operations with the release of the 'Customs Risk Management Regulations, 2025'. The regulation is a major leap forward in countering economic risks and curbing financial crimes like money laundering and terrorism financing.

March 10, 2025
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