The Global RADAR Blog dealing with Anti Money Laundering

By Global RADAR 20 January, 2025

Cash App To Pay >$250 Million to Settle with State, Government Regulators Over Compliance Failures

In a landmark decision, the U.S. Consumer Financial Protection Bureau (CFPB) recently levied a major penalty against popular money-transfer application Cash App over lax security protocols. The popular peer-to-peer (P2P) payment app’s parent company Block came under fire last week after a regulatory investigation into the firm’s dealings found that the company was operated “irresponsibly” […]

DOJ Blocks Access of China, Other Adversaries to U.S. Sensitive Personal Information

The crusade against cyber-crime remains a true transnational effort, with the leading defense organizations of some of the world’s most powerful countries continuing to collaborate on the most effective methods to limit new forms of cross-border crime in this technological age of finance. Over the last several years, one of the more widely analyzed areas […]

Bank of America Settlement with OCC Over BSA Shortcomings Leads to Regulatory Contempt from Small Banks

One of the most prominent names in global banking is off to a tumultuous start of the new year as it finds itself under the microscope of a significant regulatory investigation. Multinational financial services giant Bank of America recently found itself in the crosshairs of an anti-money laundering (AML) offensive led by the Office of […]

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