Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019. Source link
Key Takeaways The EBA extends Anti-Money Laundering guidelines to include European crypto companies. Updated guidelines help CASPs assess and mitigate risks related to financial crimes. EU’s comprehensive regulatory frameworks, ToFR and MiCA, are…
Google Cloud has rolled out AI service revolutionizing how financial institutions tackle money laundering detection. In an unprecedented move, Google Cloud has rolled out its AI-based service dubbed “Anti Money Laundering AI” (AMLAI)…