Money laundering is an illegal process that makes large amounts of money generated from criminal activities, such as drug trafficking or terrorism financing, appear to be legitimate proceeds. Money from criminal activity is considered dirty, and this proc

The Monetary Authority of Singapore (MAS) today launched COSMIC, a money laundering and terrorism financing information sharing platform, the first centralized digital platform designed to facilitate the sharing of customer information among financial ins

The Cyprus Securities and Exchange Commission (CySEC) has outlined its regulatory priorities for 2024, with plans to strengthen regulation of companies engaged in cross-border activities to reduce the risk of complex financial products such as contracts f

Following the blocking of five websites that provide financial services without authorization on March 25, the Italian Financial Services Supervisory Authority (CONSOB) has once again taken action against fraudulent financial services and has ordered the

Israel-based global multi-asset fintech group Plus500 has expanded its presence in the United States by becoming a member of the Futures Industry Association (FIA). The brokerage joins other clearing firms, exchanges, clearinghouses, trading firms and com

The Malaysian National Fraud Response Center received notifications of online financial fraud from the public last year, which increased fivefold compared with the previous year. According to Bank Negara Malaysia's 2023 annual report, the National Fraud

The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against two investment advisory firms for making false and misleading statements regarding the use of artificial intelligence (AI) in their investment processes. The companies

Broker Capital.com has announced it will temporarily stop accepting new clients from the UK. When visiting the Capital.com website in the UK and trying to open an account, users will receive a message stating that the company "has decided to temporarily

What should I do if I encounter delays in withdrawing funds in foreign exchange transactions? First of all, we need to determine whether we are using a formal foreign exchange trading platform. If it is a formal platform, usually these relevant platforms

Financial fraud on social media platforms is increasing at an alarming rate. To some extent, social media has become a gateway for scammers as it allows fraudsters to easily contact users and create an online persona hidden behind fake social media profil