Regulatory & Compliance

How Will the OCC's New Crypto Guidelines Impact National Banks?
Regulatory & Compliance How Will the OCC's New Crypto Guidelines Impact National Banks?

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

Should Lawyers Face a New Criminal Offense for Enabling Economic Crime?
Regulatory & Compliance Should Lawyers Face a New Criminal Offense for Enabling Economic Crime?

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

Founder of E-Freight Solutions Admits to Bank Fraud, Faces Restitution
Regulatory & Compliance Founder of E-Freight Solutions Admits to Bank Fraud, Faces Restitution

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

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 Traditional Anti-Money Laundering (AML) systems, burdened with outdated technology and labor-intensive

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

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

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