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Tag: prevent money

4 AML Challenges for 2024 and Beyond

March 26, 2024 Image: Freepik/macrovectorAnti-money laundering is an issue plaguing more than just the financial industry. Due to our everyday lives becoming more digitized,...

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Brazilian Online Gaming and Betting Market Is Thriving, More Than US$11 Billion Gambled in 2023

The popularity of online gaming and betting in Brazil is increasing, and the country benefits from it. From the beginning of 2023 to November...

The Role and Importance of Biometric Technology in the Banking Sector

The Role and Importance of Biometric Technology in the Banking Sector In recent years, the banking sector has witnessed a significant transformation in terms of...

Tabcorp Has to Make Most of the Electronic Betting Terminals Cashless to Comply with VGCCC Regulations

The Victorian Gambling and Casino Control Commission (VGCCC) ordered Tabcorp to make almost all of its Electronic Betting Terminals (EBTs) cashless. The statewide direction...

China Increases Enforcement Measures on Tether in Foreign Exchange Trading

China Increases Enforcement Measures on Tether in Foreign Exchange Trading China has recently ramped up its enforcement measures on Tether, a popular cryptocurrency pegged to...

The money laundering red flags and how to prevent it in 2024

Supporting criminal activity and risking substantial fines from regulators that also damage their reputation are not things any financial institution aspires to. Yet many...

Tackling money mule abuse of the financial sector – no place to hide

Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to...

Bank of England, Financial Conduct Authority seek public input on stablecoin regulation

The UK’s Financial Conduct Authority (FCA) has joined forces with the Bank of England (BOE) to gather public input on their forthcoming regulatory framework...

PayPal Gets UK Nod to Offer Crypto Asset Services – CryptoCurrencyWire

PayPal has officially obtained registration for its cryptocurrency activities in the United Kingdom, according to the Financial Conduct Authority website. This marks a significant...

FinCEN Introduces Proposed Regulations Aimed at Crypto Mixers

The Financial Crimes Enforcement Network (FinCEN) has recently introduced proposed regulations targeting cryptocurrency mixers. These regulations aim to enhance the transparency and accountability of...

Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance

Cyprus is set to introduce stringent penalties for unregulated cryptocurrency service providers (CSPs), according to the Cyprus Mail. The government has submitted a legislative amendment...

What is KYC? How Crypto Exchanges Prevent Money Laundering – Decrypt

If you’ve ever used a cryptocurrency exchange or bought an NFT, it’s likely that you will have had to perform a know-your-customer (KYC) check...

888 Settles £3m with Middle East VIP Players for Failings

888 Settles £3m with Middle East VIP Players for FailingsOnline gambling giant 888 Holdings has agreed to pay £3m to settle a case involving...

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