Advanced search

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.

PARIS—The Financial Action Task Force (FATF) has released amended recommendations to give law enforcement, financial intelligence units, prosecutors, other asset-recovery practitioners extra powers to target and confiscate criminal assets.

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.

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.

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.