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Former Russian Deputy Defense Minister Sentenced to 19 Years in Major Corruption Case

In a significant development underscoring a widening...

Australia’s AML/CTF Reform Brings Expanded PEP Obligations Into Force from March 2026

Australia's financial intelligence authority AUSTRAC confirmed that...

Chandni Nanda

State Lawmakers Forge Ahead with AI Regulation, Balancing Innovation and Protection

State lawmakers are swiftly addressing the dynamic landscape of artificial intelligence (AI) technology, often starting with regulating their own state governments before extending restrictions...

Cannabis Milestones: Illinois Breaks Sales Record, Minnesota’s Thriving THC Market, and Legal Battle in Arkansas

Illinois July 2023 Cannabis Sales Reach Record High The Department of Financial and Professional Regulation (DFPR) reported that July marked the peak of recreational marijuana...

SEC Alert Highlights Broker-Dealers’ AML and CTF Compliance Deficiencies, Calls for Action

On July 31, 2023, the United States Securities and Exchange Commission (SEC) issued an alert outlining deficiencies observed by the Department of Examinations in...

July 2023 Joint Compliance Notice: Agencies Clarify Voluntary Self-Disclosure Policies for National Security Violations

The joint compliance notice issued by the Department of Commerce, the Department of the Treasury, and the Department of Justice on July 26, 2023,...

Traceable AI Launches Advanced Digital Fraud Prevention for API Security

Traceable AI, a leading API security company, has introduced digital fraud prevention capabilities to combat fraudulent activities across APIs and digital interfaces. With APIs...

Denver Cracks Down on Unlicensed Marijuana-Related Activities: Tetra Lounge Faces Legal Trouble

In Denver, eight businesses have recently been cautioned for hosting marijuana-related activities without the requisite license. Additionally, Tetra Lounge received a separate ticket in...

Mastercard Blocks Cannabis Purchases with Debit Cards Citing Legal Complexities

Mastercard has directed US banks to stop allowing cannabis purchases with its debit cards due to the complex legal and financial issues faced by...

Hyundai and Kia Forge Blockchain-AI Partnership for Sustainable Auto Supply Chains

The fusion of blockchain and artificial intelligence (AI) has opened up remarkable opportunities, extending their utility across various sectors, including the automotive domain. On July...

UK Proposes Extended Notice Period for Bank Account Closures to Enhance Customer Rights

The UK government has proposed new rules aimed at increasing transparency in the process of bank account closures. Under these proposed regulations, banks would...

UK-Singapore Financial Dialogue Advances Sustainable Finance and Fintech Collaboration

HM Treasury and the Monetary Authority of Singapore (MAS) recently held their eighth UK-Singapore Financial Dialogue in London. Discussions centered on enhancing collaboration in...

The future of financial crime

As regulatory pressures continue to mount and new entrants render the marketplace more competitive, financial institutions need to be agile. To maintain a competitive...

Intelligent automation in financial crimes

Financial institutions face rapid innovations that are evolving practically overnight, and in order to remain competitive, they must embrace new technologies and find ways...

Worldcoin’s Iris-Scanning Identity Project Draws Attention Amidst Skepticism

The recently launched Worldcoin (WLD), a digital identity project co-developed by Sam Altman, the CEO of OpenAI, has garnered significant attention despite skepticism. Altman noted...

How an Indian multinational prevents cyber threats across global locations

An Indian multinational chemical manufacturing company wanted to improve its cyber security posture for proactive detection of advanced cyber threats and responding to the...

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