Australia is on the verge of a significant shift in its approach to crypto regulation. The federal government is set to introduce new guidelines that will bring digital asset exchanges and fintech firms under a governance framework similar to traditional financial service providers, including
The recent issuance of Interpretive Letter 1183 by the Office of the Comptroller of the Currency (OCC) has introduced a pivotal change in the regulatory framework governing national banks and their engagement with cryptocurrency activities. This letter represents a significant shift in federal bank
The rising tide of economic crime and its enablers has ignited calls for tighter regulatory measures. Among the loudest voices is Baroness Margaret Hodge, the UK's anti-corruption champion, advocating for a new criminal offense targeting lawyers who facilitate such crimes. At an event at the
Spencer Askew, the founder of E-Freight Solutions Worldwide, LLC, a logistics and supply company, recently admitted to committing bank fraud and lying to the United States Department of Veterans Affairs (VA), marking a significant development in the case. In March of this year, Askew pleaded guilty
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 Traditional Anti-Money Laundering (AML) systems, burdened with outdated technology and labor-intensive
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
