The U.S. Treasury Department recently announced a surprising decision to suspend the long-awaited enforcement of the Corporate Transparency Act (CTA), an anti-money laundering law targeting potential bad actors hiding behind certain classes of business ownership across America. The move is seeing early criticism from financial analysts and even the very entities that were meant to […]
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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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As we navigate the early months of 2025, the European Union’s comprehensive anti-money laundering and countering the financing of terrorism (AML/CFT) reform package is entering a crucial phase. This article provides essential updates on the current state of these reforms and their imminent implications for financial institutions. The Anti-Money Laundering Authority (AMLA): Preparing for Launch AMLA, the […]
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