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FATF annual report: real estate professionals have poor awareness of the hazards of money laundering
FATF has just released its annual report for the previous two years, which highlights the accomplishments made by the organization under...
Feb 1, 20232 min read
UAE & Turkey warned about sanctions evasion by top US Treasury official
As Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine, the top sanctions official from the US...
Jan 31, 20233 min read
New Rules & Changes for the Greece Golden Visa
Greek Golden Visa applicants can qualify for a minimum real estate investment of at least €250,000, among other investment options,...
Jan 31, 20233 min read
Fed grounds its denial of Custodia Bank's membership application on AML flaws.
In its judgment, the Federal Reserve Board rejected a digital-first bank's request to join the Federal Reserve System, citing flaws in...
Jan 30, 20231 min read
Central banks prepare to raise interest rates to 15-year highs.
Leading central banks are expected to increase interest rates this week to their highest levels since the financial crisis, which is...
Jan 30, 20233 min read
The truth about the lack of unified legislation in the west as attempts to seize frozen assets
The world has undergone many significant changes in the recent year. We saw Russia's brutal invasion of Ukraine, which brought to light...
Jan 27, 20234 min read
How crypto could be integrated into online gambling
WaterhouseVC's Tom Waterhouse revisits the topic of cryptocurrency wagering and if it could be key to next-generation sportsbook...
Jan 26, 20232 min read
EY auditors avoid potential Wirecard sanctions by returning their licenses.
Four current and former EY auditors involved in inspecting the collapsed payments company Wirecard were the subject of closed...
Jan 26, 20232 min read
In an SEC whistleblower complaint, JBS is accused of greenwashing
In a whistleblower complaint filed with the Securities and Exchange Commission, Brazilian meat processing business JBS is accused of...
Jan 25, 20233 min read
What You Should Know About the Spanish Digital Nomad Visa
The official debut of Spain's Digital Nomad Visa program, which seeks to draw in foreign talent, is one step closer. The Spanish Congress...
Jan 25, 20234 min read
Binance processed $346 million for the seized cryptocurrency exchange Bitzlato
Blockchain data reveals that cryptocurrency firm Binance processed around $346M in bitcoin for the Bitzlato digital currency exchange,...
Jan 25, 20234 min read
The five most shocking fraud cases in 2022
The ACFE selects the five most scandalous fraud tales of the year each year, with assistance from our Advisory Council, based on money...
Jan 24, 202311 min read
The Central Bank of Ireland discovers flaws in payment and e-money providers' AML/CFT screening
THE CENTRAL BANK OF IRELAND (CBOI) has issued a "Dear CEO" letter to banks, warning that it has discovered flaws in the AML/CFT risk...
Jan 24, 20234 min read
Council of Europe issues a scathing report on Monaco's ability to fight ML and TF
MONEYVAL, the AML/CFT supervisor for the Council of Europe, gave Monaco a harsh assessment of its capacity to combat financial crime...
Jan 23, 20234 min read
Nexo pays a $45 million fine to the SEC for failing to register a lending product.
Nexo Capital Inc. has agreed to pay $45M in fines to resolve allegations that the cryptocurrency company failed to register its crypto...
Jan 23, 20232 min read
WhatsApp was penalized $5.9M for GDPR violations related to legal processing.
The Irish Data Protection Commission (DPC) on Thursday announced a fine of 5.5 million euros (U.S. $5.9 million) against WhatsApp for...
Jan 20, 20232 min read
Qatargate : Arrest of a former MEP's tax accountant on suspicion of money laundering
The tax consultant of a former MEP at the center of a cash-for-influence corruption scandal in the European Parliament has been detained...
Jan 19, 20232 min read
FinCEN shuts down Bitzlato, a €700 million cryptocurrency "dirty money safe haven," in France.
Bitzlato's co-founder and majority shareholder was detained for allegedly handling €700 million in illicit funds. Bitzlato is a...
Jan 19, 20236 min read
Executives want to cut costs but not workforce size or salaries
According to the results of a global CEO survey released by PwC Cyprus on Tuesday, the majority of chief executive officers predict that...
Jan 18, 20234 min read
Costs for reporting beneficial ownership in Year 1 are estimated by FinCEN at $22.7 billion
In its first year, the requirements of the agency's beneficial ownership register are expected to cost reporting corporations a total of...
Jan 18, 20232 min read
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