On August 28, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rule that will, upon effectiveness (January 1, 2026), require most private fund ...

Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements form the foundation of the United States’ framework for preventing money laundering, terrorist financing and other forms of ...

It’s been less than a year since the US Congress passed the National Defense Authorization Act (NDAA), which included the Anti-Money Laundering Act (AMLA), the most substantial and sweeping ...

Financial services in a non-face-to-face format are actively being integrated into our lives and, like any new phenomenon, are introducing new concepts and terms. The idea that KYC and AML are ...

For the past decade, the abbreviations AML and KYC have become an inextricable part of our lives. To help law enforcement track illegal funds, an increasingly constraining set of anti-money-laundering ...

iCOMPASS Pte Ltd, a Singapore-based Regulatory Technology firm, today announced the launch of its next-generation Know Your Customer (KYC) and Anti-Money Laundering (AML) platform for financial ...

Technology is now astoundingly intelligent and accessible. It poses a significant challenge for fraud prevention in financial services, as there have never been so many ways for criminals to scam ...

It’s time to scrap AML / KYC entirely. The idea that politicians should know how citizens spend their money is a new and deeply flawed idea. Bruce Fenton is the CEO of Chainstone Labs, an adviser at ...