Pursuant to Article 33(1) of Directive (EU) 2015/849 ("AML-Directive"), as transposed into national German law by Sec. 43(1) of the Money Laundering Act (Geldwäschegesetz – "GwG"), companies ...

According to the 2023 Public Edition of the Basel AML Index, the average global money laundering (ML) and terrorist financing (TF) risk level increased from 5.25 in 2022 to 5.31 in 2023, where 10 is ...

As the impeachment proceedings against Vice President Sara Duterte resumed on Wednesday, April 22, lawmakers put financial review in focus, citing Anti-Money Laundering Council (AMLC) reports on ...

The Currency and Foreign Transactions Reporting Act, also known as the “BSA,” enacted in 1970, established requirements for record-keeping and reporting by banks ...

Mashelia Arhyel Bata, a compliance officer with Zenith Bank Plc, says the bank filed a suspicious transaction report (STR) in ...

MANILA, Philippines — GCash has blocked more than 7,000 merchants since 2025 over suspected illegal online gambling, suspicious transaction activity and potential abuse of digital payment channels, as ...

When a bank flags "suspicious activity," it usually means your account behavior suddenly looked different from normal. Maybe it was a large purchase. A new location. A transfer pattern the bank's ...

"AI beats rules" is meaningless if you can't explain decisions to humans. Transaction monitoring has been one of compliance's most persistent headaches for two decades. Rules fire on everything.

The Central Bank of Nigeria (CBN) has issued new guidelines that will require banks and other financial institutions to deploy automated systems to detect and report suspicious transactions as part of ...

A prosecution witness in the alleged N8.7 billion money laundering trial involving former Attorney-General of the Federation ...

A prosecution witness in the alleged N8.7bn money laundering trial of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday told the Federal High Court in ...