Startups thrive on speed. Fintechs even more so. There’s always pressure to launch quickly, land users, and scale fast. But in the rush to build and grow, it’s easy to overlook the quiet but serious risks that come with handling money—or even just user data connected to financial activity. Compliance often stays in the back […]
Read More
Compliance tools age fast. That includes your KYB vendor software solution. Regulations shift. Risks grow. But your tools? They might still run on yesterday’s rules. And if that’s the case, it could leave you open to fines, fraud, or missed red flags. Most firms don’t even notice their tools slipping behind. Not until there’s a […]
Read More
As part of a deregulatory blitz that has developed into one of the trademarks of the second term of the Trump Presidency, several notable agencies of the United States government have been tasked with reducing the perceived over-regulation of the various American financial markets they govern. Following the U.S. Justice Department’s recent announcement to shutter its […]
Read More
In a bold move aimed at unshackling the cryptocurrency realm from the staunch regulatory oversight that governs domestic financial institutions, the United States Justice Department (DOJ) recently announced a decision to officially disband its National Cryptocurrency Enforcement Team (NCET), redirecting prosecutors to shift the focus of future crypto-related investigations to strictly those involving sanctions evasion, […]
Read More
With U.S. efforts to combat illicit fentanyl and drug smuggling at their southern border in full swing, yet another decisive blow was recently swung by a prominent American regulator to better protect the interests of the American public through improved financial awareness. Last week, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) […]
Read More
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 […]
Read More
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 […]
Read More 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 […]
Read More
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 […]
Read More
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 […]
Read More