The Scale of the Problem Tech Support Scams Predominate An FBI report has thrown the spotlight on a disturbing trend: the elderly, one of the most vulnerable segments in society, are increasingly falling prey to financial scams. The agency’s findings highlight that older Americans have suffered s
The financial industry has been undergoing a seismic shift in the past decade, primarily driven by advancements in technology. One of the key areas where this impact is most felt is in regulatory compliance, where Regulatory Technology, or 'RegTech', presents cutting-edge solutions to
Understanding FinCEN's Enhanced AML Regulations The Scope of the New AML Requirements FinCEN's regulatory expansion is a targeted strike against money laundering in the residential real estate sector. Given the anonymity afforded by all-cash transactions, these purchases have become a
How Will the EU's New AML Laws Impact Financial Oversight? The European Union has taken a significant step forward in its ongoing battle against money laundering and terrorist financing with the adoption of a comprehensive Anti-Money Laundering legislative package on April 24, 2024. This
In an era where regulatory scrutiny and market demands intensify, the financial services industry is embracing RegTech solutions to contend with the growing specter of conduct risk. Cognitive View is pioneering this stride forward, positioning itself as a crucial player in the automation of
Binance, a leading cryptocurrency exchange platform, has been grappling with heightened legal scrutiny by U.S. regulatory bodies. With the recent filing of federal charges by the U.S. Department of Justice, the company is confronting allegations of violating anti-money laundering statutes and
