The Australian Transaction Reports and Analysis Centre (AUSTRAC) has been granted new investigative and information-gathering powers under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (the AML/CTF Act). These changes, effective January 7, 2025, significantly
In recent years, the U.S. Federal Deposit Insurance Corporation (FDIC) has taken significant actions regarding banks and their dealings with cryptocurrencies. While advising banks to pause direct involvement in crypto assets in 2022 and 2023, the FDIC did not order them to cease offering services
BlackRock, a global investment management giant overseeing more than $10 trillion in assets, has recently acknowledged Bitcoin as a legitimate asset class. The firm's senior executives have suggested that investors with appropriate governance and risk tolerance consider allocating up to 2% of
The financial sector is on the brink of a technological revolution in 2024 as groundbreaking advancements in artificial intelligence (AI), machine learning (ML), blockchain, digital currencies, and cybersecurity are set to redefine how financial institutions operate. These innovations promise
Bank of America (NYSE: BAC) stands as one of the most prominent financial institutions in the United States, with a rich history of resilience and adaptability. From its Depression-era roots in San Francisco, it has grown to become the second-largest bank in the US by asset size, trailing only JP
In an ever-evolving financial landscape, becoming a successful trader requires not only an in-depth understanding of market dynamics but also the ability to adapt quickly to new challenges and opportunities. As we approach 2025, traders must refine their skills, enhance their techniques, and adopt
