BSA Due Diligence Law Enforcement 
Fintech News
JULY 17, 2024
The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. Monero transactions have risen steadily, with a notable spike in March 2024 due to a spam event called Black Marble.
Stax
DECEMBER 4, 2023
TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. The Bank Secrecy Act (BSA) establishes AML program requirements for financial institutions in the US while the USA Patriot Act lays down which entities are required to comply.
PYMNTS
AUGUST 14, 2019
In the era of advanced AI, it also has the power to be tool across all of law enforcement; applicable to uses ranging from fighting the opioid epidemic or taking on terrorism. “In Let me assure you, this is not the case.
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