Grey Listing by the Financial Action Task Force (FATF) FATF has placed South Africa on its list of jurisdictions under increased monitoring (grey list) and has identified eight key areas with ...

A federal judge in Texas on Tuesday lifted an order that blocked the enforcement of an anti-money laundering law that forces millions of business entities to disclose the identities of their real ...

The London-based bank said it is cooperating with the investigation.

The PMLA (Prevention of Money Laundering Act) is being used repeatedly to keep people in jail, the Supreme Court said today. A bench pulling up the Enforcement Directorate, said the law is being ...

FinCEN and the federal bank regulators announced more than three dozen enforcement actions against banks and individuals arising from ...

Mastercard today officially announced the launch of TRACE (Trace Financial Crime) in Asia Pacific, a sophisticated network-level solution that harnesses artificial intelligence to identify and prevent ...

The Bangko Sentral ng Pilipinas said it expects the Philippines to exit the money laundering “gray list” of the Paris-based ...

Barclays faces an investigation from the U.K.’s financial watchdog over its anti-money-laundering and financial crimes controls, the London-based institution has disclosed. The Financial Conduct ...

Acting Comptroller of the Currency Rodney Hood suggested Tuesday that regulators should consider raising the dollar amount ...

TRACE uses artificial intelligence to identify and prevent money laundering and financial crime across a payments network.

Every transaction that moves in and out of South Africa is funnelled through the banks. There’s virtually no risk to the banks, which rake in more than R15 billion a year collectively from forex.

This week on Moneyweb@Midday, we examined South Africa’s diplomatic tensions with the US, legal battles over land reform, the fight against sexual violence, and the challenges of green energy ...