June 26, 2024
As the digital economy expands, law firms are increasingly embracing electronic payment systems to align with clients’ evolving preferences and streamline their processes. The 2024 Legal […]
June 24, 2024
In a significant regulatory move, India’s Financial Intelligence Unit (FIU-IND) has imposed a hefty fine of $2.25 million (₹18.8 crore) on Binance, the world’s largest cryptocurrency […]
June 21, 2024
Switzerland’s financial regulatory authority, Finma, has imposed strict sanctions on HSBC’s Swiss private bank subsidiary following serious violations of anti-money laundering (AML) regulations. The enforcement includes […]
June 19, 2024
As we approach the second half of 2024 and head towards 2025, there is an alarming concern for law firms and financial businesses as ID fraud […]
June 17, 2024
Toronto-Dominion Bank (TD), Canada’s second-largest lender, faces significant financial penalties due to its involvement in U.S. money-laundering probes. Analysts at Jefferies Financial Group Inc. have projected […]
June 14, 2024
It is vital for law firms, solicitors, conveyancers, estate agents and financial businesses to have a thorough understanding of their clients and partners. This understanding goes […]
June 13, 2024
The Epoch Times‘ Chief Financial Officer, Bill Guan has been arrested under accusations of his involvement in an extensive money-laundering operation. Federal prosecutors allege that Guan […]
June 12, 2024
Almost half of financial firms have expressed concerns that current anti-money laundering (AML) regulations lack clarity and fail to address many practical aspects of modern AML […]
June 11, 2024
Client Onboarding Software is becoming more prominent in the legal sector. Law firms are beginning to adopt innovative technology to streamline processes, enhance the due diligence […]