As the golden age of technological development continues to unfold and artificial intelligence (AI) continues to achieve mainstream utilization by businesses and individuals alike, the growth of AI-backed protocols has already contributed to significant improvements in workflow and operational efficiency across the financial realm. With AI now being used by financial institutions to better meet […]
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As the global crusade on financial crime continues worldwide, several significant developments in anti-money laundering (AML) and counter terrorism financing (CFT) took place domestically last week, underscoring enforcement efforts taken by the U.S. government as part of its intensified focus on sanctions compliance and illicit financial activities, particularly involving foreign entities seeking to exploit vulnerabilities […]
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In a significant escalation of its already high-pressure campaign against Iran, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on June 6, 2025 announced the imposition of new sanctions on over 30 individuals and entities linked to a major Iranian shadow banking network. Concurrently, the U.S. Treasury Department’s Financial Crimes Enforcement […]
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