Binance Fined $2M, Highest Fine In India For AML Violations
In June 2024, Binance, the world’s largest cryptocurrency exchange, was fined USD 2 million by India's Financial Intelligence Unit (FIU...
24 June 2024 • •
How Transaction Monitoring Detects Fraud and Ensures AML Compliance
In 2024, transaction monitoring is more important than ever. Financial crimes like money laundering and fraud are becoming increasingly sophisticated,...
19 June 2024 • •
How Is The U.S. Treasury Intensifying Sanctions Against Russia’s War Economy?
On June 12, 2024, the U.S. Department of the Treasury announced a series of new measures designed to intensify pressure...
14 June 2024 • •
Which PEP Definition To Follow: Global Or Local?
PEP Definition changes regionally whether it is nationally or internationally. Many organizations often confuse the standards to be followed. This...
10 June 2024 • •
New Anti Money Laundering (AML) Regulation Package Adopted by European Council
The European Council has adopted a new and comprehensive Anti Money Laundering (AML) Regulation Package of rules aimed at enhancing...
4 June 2024 • •