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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In an increasingly complex world of financial crime, how confident are you that your business knows who’s really behind the companies you’re dealing with? Ultimate Beneficial Ownership (UBO) screening is more than just a regulatory requirement—it’s a vital tool in protecting your organization from financial crime. In fact, it could be the difference between staying […]
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Hiring the right talent is one of the most significant challenges any organization faces. A thorough, compliant, and efficient hiring process is essential for reducing risk, increasing job satisfaction, and minimizing turnover. However, conducting background checks in-house can be time-consuming, error-prone, and may not always ensure full compliance with legal requirements. A third-party screening solution […]
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Are you a compliance professional, risk leader, or executive striving to navigate the ever- evolving complexities of sanctions regulations? Mark your calendar for 27th February 2025 and join NTT DATA for an exclusive in-person event, in London, featuring some of the brightest minds in the sanctions compliance space. This is your opportunity to gain practical […]
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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” […]
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As part of the United States growing efforts to crack down on corporate crime and other white-collar criminal exploits, the U.S. Justice Department (DOJ) recently announced the creation
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The American financial sector was shaken in the month of March following a series of major banking failures that led to the demise of several notable financial institutions, leaving many
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2022 was a landmark year for ransomware attacks on major businesses and government agencies both domestically and abroad, with the prevalence of high-profile attacks continuing to rise
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The United States government is continuing to ramp up its crackdown on illegal cryptocurrency activity, this as yet another prominent exchange comes under fire after a string
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The Financial Crimes Enforcement Network (FinCEN) – a bureau of the United States Treasury Department tasked with combatting domestic and international money laundering and terror
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