Block Hit with $40 Million Penalty Over Major Anti-Money Laundering Failures at Cash App
In a significant regulatory action, Block Inc., the parent company of Cash App, has agreed to pay a $40 million civil penalty following allegations...
Hawk AI Secures $56M to Amplify AI-Driven Fight Against Financial Crime
In a bold move signaling the growing urgency of financial crime prevention, Germany-based Hawk AI has announced a successful $56 million Series B funding...
US Treasury Signals Shift: Banks to Focus on High-Risk AML Threats, Easing Burden on Smaller Institutions
In a notable shift in U.S. financial oversight, Treasury Secretary Scott Bessent announced that banks will now be allowed to de-prioritize lower-risk anti-money laundering...
OKX Crypto Exchange Penalized Over $500 Million for Anti-Money Laundering Violations
In a significant enforcement action, Aux Cayes FinTech, operating as OKX, has admitted to violating U.S. anti-money laundering (AML) regulations. The company has agreed...
Texas Judge Paves the Way for Stricter AML Enforcement: What It Means for Businesses
In a landmark decision, a Texas federal judge has cleared the path for the enforcement of stringent anti-money laundering (AML) laws, a move that...
