Tag Archive: anti-terrorism

Blockchain Technology and How It Can Help Prevent Money Laundering

Understanding Blockchain technology and the encrypted information within it could potentially help regulators find the powerhouses behind money laundering, trafficking, and terrorism.  Illicit activities can be pursued through cryptocurrency transactions involving Bitcoin, Ether, and other digital currencies, and blockchain technology… Read more >

AMLC Fights Back Against Money Laundering

In an effort to reduce money laundering and criminal and terrorism funding, the Anti-Money Laundering Council (AMLC) of the Philippines has made amendments to the AMLC Registration and Reporting Guidelines (ARRG).  The amendments were approved by the government on December… Read more >

Stronger Anti-Money Laundering Provisions in China

In 2007, China’s anti-money laundering (AML) law became effective, improving supervision. However, the system still had inefficiencies, leaving a gap between China’s international participation in this field and its international status. By 2020, the State Council, China’s cabinet, expects to… Read more >

Pakistani Bank Fined $630 Million for AML Violations

In August, Habib Bank Ltd (HBL), was fined a record $630 million for a Pakistani financial institution by the New York State Department of Financial Services (DFS) for noncompliance with state and federal anti-money laundering (AML) laws at its U.S…. Read more >