WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has renewed and expanded geographic targeting orders (GTO) requiring title insurance companies to identify the natural persons behind companies purchasing real estate without financing.
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BASEL, Switzerland—Global money laundering and terrorist financing (ML/TF) risks continue to rise, according to the 2023 Public Edition of the Basel AML Index.
SAN FRANCISCO—Kraken, one of the world’s largest cryptocurrency exchanges, has been sued by the Securities and Exchange Commission over allegations it has been operating as a securities exchange without first registering with the regulator.
LONDON—Apple Pay has launched a new feature for customers in the U.K. that allows them to connect their accounts to eligible debit and credit cards in their Apple Wallet via open banking technology, according to a new report.
ALEXANDRIA, Va.–Approximately 60 credit unions in the U.S. have been hit with outages due to a ransomware attack on Ongoing Operations, a unit of St. Petersburg, Fla.-based Trellance.
SAN DIEGO–Credit unions in California continue to be hit by negative news coverage following a recent report issued by the state on overdraft fees charged by certain financial institutions.
FORT WORTH, Texas–A Tarrant County, Texas Sheriff’s officer was shot while working as an off-duty security guard at Fort Worth Community Credit Union’s branch on Brentwood Stair Road.
BURLINGTON, Vt.–The man accused of shooting three Palestinian students near the University of Vermont had been fired just weeks earlier by a CUSO.
NEW YORK—The popularity of digital bill payments is increasing, driven by more consumers seeking convenience and efficiency in managing their finances, according to a new report.
LIVE OAK, Texas–The $17.8-billion Randolph-Brooks FCU has named a new president and CEO to succeed the retiring Christopher W. O’Connor. The credit union has selected Mark Sekula to lead the organization effective in mid-March 2024.