The long-awaited Corporate Transparency Act (CTA) is officially in effect as of January 1st, requiring beneficial ownership reporting for both American and foreign companies. The very goal of the CTA is in its name: transparency. Given the increasing prevalence of financial crime seen domestically and abroad, the United States is seeking to expose criminal and […]
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A major development in the realm of anti-money laundering took place last week as an overseas joint coalition of European forces joined together to bring down one of the largest illicit financial operations seen in recent memory. The European Union Agency for Law Enforcement Cooperation (Europol) announced that judicial and law enforcement authorities comprised of […]
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As everyday technologies continue to become more user-friendly and optimize daily activities for businesses and consumers alike, the growth in both scope and utilization of peer-to-peer (P2P) payment systems in the realm of digital finance has all but replaced traditional cash and check-based transactions in the modern economy. The global P2P payments market size currently […]
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In wake of the ongoing turmoil developing abroad, the United States government officially enacted its intervention strategy against the radical Hamas militant organization. While the U.S. Treasury Department and many of its counterparts already had long-standing sanctions in place barring the extremist group from the international banking system, the group was discovered to have been […]
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In today’s interconnected digital landscape, there are many easy to access software platforms that offer support tools for individuals or entities to help with all sorts of business activities from project management to design labs. Maybe you work for an organisation that is one of these companies. Amid the useful tools these platforms offer to […]
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Over the last week the world has been forced to watch in horror as yet more of violence has erupted in the Middle East – this time spurred on by an unprecedented attack led by the notorious Islamist militant/terrorist group Hamas against multiple Israeli towns beginning on October 7th . The unprovoked terror attacks coined […]
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Canadian multinational banking and financial services staple TD Bank is bracing themselves for a potential regulatory storm the likes of which they have never encountered. Reports emerged last week indicating that the financial giant is currently battling claims that their domestic operations are riddled with anti-money laundering-related deficiencies, with the firm expected to face multiple […]
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The United States Treasury Department – the bureau of the U.S. government tasked with promoting the country’s economic growth and maintaining financial security – has already proposed a number of new measures in 2024 aimed at closing loopholes in domestic legislation that remain susceptible to crime. Earlier this year, Global RADAR chronicled the Financial Crimes […]
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In spite of the advanced precautions taken by the federal government, as well as an increase in awareness by both domestic financial institutions and the general public that have helped to better counter illicit financial activity as it relates to terrorism, recent developments have kept the terrorist threat to American interests significant. While a heavy […]
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The appeal of gambling and wagering on sporting events has enthralled both American citizens as well as their international counterparts for decades. The potential to “hit it big” has drawn individuals from all walks of life to an industry that has long been tied to nefarious financial activity, and one that continues to pose legitimate […]
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