US sanctions Tornado Cash crypto mixer in money laundering crackdown
The US Treasury this week sanctioned Tornado Cash, a cryptocurrency 'mixer' that allows users to obfuscate their transactions.
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Is ‘e-money’ a money laundering risk?
E-money, used in prepaid cards and digital wallets, has been linked to money laundering. But the risks pale in comparison…
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Can AI improve international sanctions?
Financial institutions and other businesses are increasingly relying on machine learning to help them identify sanctions violators. But how effective…
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Can technology fix banking’s ‘dirty money’ problem?
As the dust settles on the FinCEN Files, pressure is mounting on banks to reform their compliance systems, but the…
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The FCA is “Waving the White Flag” Over AML, KYC Processes
"Regulations stopped short of making Electronic Verification compulsory. This was, in our view, a missed opportunity..."
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