AML

A new kind of British invasion: Regtech hackathons

02/11/20

Tech sprints that bring regulators together with bank officials, data scientists and software companies originated in the U.K. and have crossed the pond into the U.S.

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PayPal’s crackdown on human trafficking

02/05/20

The payments company is working with nonprofit organizations, law enforcement authorities, victims and others to make it harder for the criminals behind the modern slave trade to move money.

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Europe’s new API rules lay groundwork for regulating open banking

01/21/20

Banks in the U.S. should take note of these requirements before opening their systems to third-party developers.

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Crypto terrorism funding grows more sophisticated, study finds

01/17/20

Terrorism financing schemes using cryptocurrencies are growing in sophistication, according to researcher Chainalysis, which helps law enforcement track digital-coin transactions.

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Banks try pooling resources to help defray AML costs

01/12/20

A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead.

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Ransomware attack hobbles FX; Wells accused of passing cost of fines to vendors

01/10/20

Travelex unable to deliver cash to major banks following a New Year’s Eve cyberattack; Rep. Katie Porter says the bank is undermining purpose of its punishment.

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A cautionary tale of open banking

01/06/20

Granting a third party access to a bank's systems in exchange for more advanced technology can help prevent fraud, but it can also attract cyberattacks.

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The 2020 legislative docket: AML reform, GSEs, Dems v. regulators

01/01/20

The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.

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Crapo delivers crushing blow to pot banking

12/18/19

The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.

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Six living wills have ‘shortcomings’; PE firms buy stake in Amex unit

12/18/19

Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.

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