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anti-money laundering

FinCEN, DOJ Hammer Brink’s Over AML Failures, Levy Landmark Penalty

In a significant and somewhat ironic development in the ongoing domestic fight against financial crime, Brink’s Global Services USA has reached a settlement with both the U.S. Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) over allegations of operating an unlicensed money transmitting business and various willful violations of anti-money laundering (AML) laws. The […]

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anti-money laundering

2025 Starts With A Bang for Crypto Fines & Investigations

As the greater developed world continues to be exposed to the allure of decentralized finance via cryptocurrencies, cyber-criminals have shifted their focus to using these payment forms for laundering ill-gotten funds. The international regulators and government agencies continue to crackdown on this space for this very reason, the first month of 2025 alone saw multiple […]

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KYC

The Future of Cross-Border Payments: A Comparative Analysis of SWIFT and XRP

The battle between SWIFT and XRP represents a clash between traditional and modern payment networks vying for dominance in cross-border transactions. SWIFT, a decades-old system used by over 11,000 financial institutions worldwide, relies on a network of correspondent banks to send secure payment messages. SWIFT is a messaging network that banks use to send payment […]

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