AML Financial Crimes Legal Framework 
The Fintech Times
AUGUST 19, 2024
In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. This reflects the growing acceptance of digital assets within the country’s legal framework.
Fintech News
JULY 17, 2024
The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. This decrease suggests that the anti-money laundering (AML) programmes of centralised exchanges are becoming more effective at detecting and mitigating laundering activity.
Neopay
JULY 18, 2024
Digital Identity Verification: Digital identity verification in financial services surged to 77% in 2021, reflecting a growing awareness of the importance of combating financial crime. Europe, for example, continues to lead in the implementation of stringent AML regulations.
Neopay
NOVEMBER 27, 2023
These Guidelines aim at forging a common understanding to ensure the consistent application of EU law as well as a stronger anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The consultation runs until 26 February 2024.
PYMNTS
AUGUST 20, 2018
Said prosecutors in their own document announcing the charges: “Burrell’s activities ‘blew a giant hole’ through the legal framework of U.S. In another allegation against Burrell, he evaded reporting requirements by attempting to smuggle as much as $1 million from Mexico into the U.S.
Clearly Payments
FEBRUARY 8, 2024
Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities.
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