North Korea, cybercriminals, ransomware attackers, thieves, and scammers are using DeFi services to transfer and launder their illicit proceeds, according to the US government.
British regulators have enlisted former Love Island contestant Sharon Gaffka for a campaign to educate social media "fin-fluencers" about the risks of promoting illegal get-rich-quick schemes.
The Prudential Regulation Authority (PRA) has censured Wyelands Bank Plc (Wyelands) for wide-ranging significant regulatory failings between 21 December 2016 and 28 May 2020, which spanned breaches relating to large exposure limits, capital reporting, governance and risk controls and PRA Own Initiative Requirements (OIREQs) and poor retention of WhatsApp messages.
AMLYZE, a fast-developing RegTech startup that helps fintechs, banks, crypto businesses and other regulated entities fight financial crime and avoid painful regulatory fines, and Skaleet, an international fintech offering a next-generation Core Banking Platform (CBP), have established a new partnership.
The founder of Frank, a now shuttered college financial planning platform that was sold to JPMorgan Chase for $175 million, has been charged by the SEC with fraud.
Financial crime fighting platform Quantexa has raised $129 million at a $1.8 billion valuation in a Series E funding round joined by HSBC, BNY Mellon and ABN Amro.