In a surprising turn of events, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced its decision to lift long-standing financial sanctions on Tornado Cash, a notorious cryptocurrency mixing service that anonymizes transactions on the Ethereum blockchain. The decision, announced on March 21, 2025, marks a significant shift in the regulatory landscape for privacy-focused […]
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Last week, the European Union Agency for Law Enforcement Cooperation (Europol) released its annual Serious and Organised Crime Threat Assessment (SOCTA) which highlighted the evolving nature of organized criminal threats that are sweeping Europe and other major countries, including the United States. The analysis by Europol – the EU’s official law enforcement collective that supports its 27 Member […]
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Anti-money laundering (AML) rules keep getting tougher. If your screening method is old, you’re playing with fire. Slow checks, missed risks, and costly fines are just the start. A single weak spot can let criminals slip through. Instant Online AML Screening stops that from happening. Slow Checks Cost You More Than Time Older AML tools drag. They need […]
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False positives slow down compliance teams. They waste time, drain resources, and create delays. Reviewing endless alerts pulls teams away from real threats. Businesses need smarter ways to manage risk. Relying on manual checks increases the chance of errors and missed deadlines. An Automated Sanctions Compliance Service for clearing false positives makes the process faster […]
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On March 15, 2025, the United States unveiled a bold new strategy in its ongoing war against Mexican drug cartels, zeroing in on small-cash transactions along its southwestern border. The U.S. Treasury Department effectively slashed the reporting threshold for money service businesses operating near Mexico from thousands of dollars to just $200, aiming to disrupt […]
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The U.S. Treasury Department recently announced a surprising decision to suspend the long-awaited enforcement of the Corporate Transparency Act (CTA), an anti-money laundering law targeting potential bad actors hiding behind certain classes of business ownership across America. The move is seeing early criticism from financial analysts and even the very entities that were meant to […]
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FTX Begins Repaying Customers Over Two Years After Collapse More than two years after the dramatic collapse of once-prominent cryptocurrency exchange FTX, some of its slighted customers have begun to receive re-payments for their lost investments. In October of 2024, a bankruptcy judge approved FTX’s initial re-organization plan that became effective on January 3rd, 2025. […]
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Keeping your business safe from fraud and compliance issues starts with strong customer due diligence. But many companies overlook key details, leaving them open to risks. Missing even one step could lead to legal trouble, financial losses, or damage to your reputation. The right Customer Due Diligence (CDD) Software can help, but first, you need to know […]
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Businesses of all sizes need strong KYC (Know Your Customer) software to fight fraud and meet legal rules. But a small business doesn’t have the same needs as a big company. Picking the right software can be tough, with so many choices out there. The key is to find a solution that fits your budget, team size, […]
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After hinting at such a move during the initial days of his presidency, U.S. President Donald Trump officially signed an executive order designating a total of eight Mexican drug cartels and Latin-American crime organizations as foreign terrorist organizations (FTOs). Formalized by Secretary of State Marco Rubio and published in the Federal Register on February 20 […]
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