News

The head of Malta's beleaguered Financial Intelligence Analysis Unit defended his agency's enforcement methods in an interview with ACAMS moneylaundering.com. More Witnesses told members of the U.S. Senate Permanent Subcommittee on Investigations that Zelle and other peer-to-peer payment platforms are failing to stop a wave of fraud enabled by their rapid funds-transfer technology, moneylaundering.com reported. More A pair of bank employees in Indiana allegedly helped drug traffickers launder their proceeds by exchanging low- for high-denomination bills and not filing currency transaction reports, USA Today reported. More Representatives of the Financial Crimes Enforcement Network are meeting regularly with financial services personnel...