Remove Law Enforcement Remove Laws Remove Legal Framework
article thumbnail

Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns

Fintech News

Security, intelligence, law enforcement, supervisory, and regulatory agencies work together to detect and respond to both existing and emerging threats. This strategy involves coordinated risk identification, robust legal frameworks, strict regulatory regimes, decisive enforcement actions, and international cooperation.

article thumbnail

Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. The United Arab Emirates has amended Federal Decree-Law No. (20)

article thumbnail

The global impact of money laundering in 2024

Neopay

Sub-Saharan Africa: This region suffers from high money laundering risk due to corruption, poor transparency, and weak rule of law. The European Union’s 6th Anti-Money Laundering Directive (6AMLD) has enhanced the legal framework, increasing penalties and expanding the scope of predicate offenses.

article thumbnail

PayPal On Bringing Data Firepower To Bust Illegal Gun Trafficking

PYMNTS

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. That’s easier said than done, perhaps, in the digital age, where money flows digitally, increasingly in real time.

PayPal 70
article thumbnail

 Is Your Business Ready for DORA?

Segpay

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

article thumbnail

Bitcoin Tracker: Challengers And Backlogs

PYMNTS

The 500-page, $5,000 applications are an attempt to offer an unequivocal legal framework for businesses to exchange in bitcoin. Still, slow regulation fares better for the safety, security and legality of future work with bitcoin than blanket bans. Currently, 15 applications are pending.

Bitcoin 76
article thumbnail

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Given his long-standing personal commitment to the clear and present danger cannabis presents to the American people, it probably should not have come as much of a shock when Attorney General Jeff Sessions officially moved to curtail the legalized cannabis industry this week.