money laundering
9 articles tagged "money laundering"
Quantexa Secures $175M to Enhance AI Data Analytics Platform
British startup Quantexa has raised $175 million to further develop its AI-driven data analytics solutions aimed at combating fraud and money laundering. The funding positions the company for significant growth in a burgeoning enterprise sector focused on AI integration.
Mastercard Unveils TRACE to Tackle Financial Crime in Asia Pacific
Mastercard has introduced TRACE, a new anti-money laundering solution, in Asia Pacific. This AI-driven tool aims to enhance detection of financial crime, particularly in the rising landscape of Real-Time Payments.
EU Implements Travel Rule to Tackle Crypto Money Laundering
The European Union has rolled out new Travel Rule guidance aimed at mitigating money laundering in the cryptocurrency sector. Effective from December 31, 2024, the regulations will enforce rigorous compliance among crypto service providers.
FinCEN Prohibits Fund Transfers Linked to PM2BTC Amid Security Concerns
FinCEN has taken significant action against PM2BTC, a financial institution linked to illicit Russian financing. This order aims to bolster the U.S. financial system's security.
EU's New Crypto Regulations Aim to Curb Money Laundering Risks
The EU has reached a provisional agreement on new regulations for crypto firms, requiring enhanced due diligence for transactions over €1,000 to combat money laundering. These measures include checks for self-hosted wallets.
FinCEN Announces New Regulations for CVC Mixing to Combat Crime
FinCEN's proposed regulations targeting convertible virtual currency mixing aim to enhance transparency and combat illicit financing activities. The proposal marks a significant step in U.S. efforts to address money laundering concerns.
FinCEN Moves to Regulate Digital Asset Mixers for Money Laundering
The U.S. Treasury's FinCEN has proposed a rule that requires financial institutions to tighten reporting on digital asset mixers to combat money laundering. This historic measure targets illicit activities involving convertible virtual currency.
FinCEN Proposes Stricter Oversight for Global Crypto Mixing Services
The U.S. Treasury aims to enhance regulations on non-U.S. crypto mixing transactions to combat money laundering and illicit financing. The proposed rules will require more extensive reporting from financial institutions.
Senator Manchin Targets Cryptocurrency in New Anti-Money Laundering Bill
Senator Joe Manchin has unveiled new legislation aimed at curtailing the use of cryptocurrency in illegal activities. The proposed bill seeks to address its association with money laundering, drug trafficking, and terrorism financing.