Every industry is digitalizing, with banking more advanced than most. The goals are improved efficiency, better customer service, and higher revenues, but new technology is not without its risks....more
Challenger banks have achieved a great deal of success since they burst on the scene in a big way a decade or so ago to vie with traditional retail banks for a share of the market. The best challengers are consistently...more
Cryptocurrencies have been making the headlines for all the wrong reasons. Their values have plummeted leaving investors out of pocket. Exchanges, lenders, and other entities in the crypto ecosystem have gone bust. Numerous...more
4/20/2023
/ Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Cyber Crimes ,
Digital Assets ,
Drug Trafficking ,
Economic Sanctions ,
Enforcement ,
Evasion ,
Fraud ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
SDN List ,
State Sponsors of Cyberattacks
...The internet-enabled virtual world of the metaverse is capturing the imagination of so many people that by the end of the decade five billion could be using it, according to a forecast by Citi. The metaverse is also...more
3/7/2023
/ Artificial Intelligence ,
Augmented Reality ,
Blockchain ,
Cryptoassets ,
Cyberforensics ,
Financial Crimes ,
Financial Institutions ,
Financial Regulatory Agencies ,
Fraud ,
Hackers ,
Identity Theft ,
INTERPOL ,
Malware ,
Metaverse ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Phishing Scams ,
Virtual Reality
Blockchain and other distributed ledger technologies (DLTs) underpinning crytpoassets are being adopted across the business world for a variety of purposes. In the finance sector, DLT is being used to create decentralized...more
Blockchain and other distributed ledger technologies (DLTs) underpinning crytpoassets are being adopted across the business world for a variety of purposes. In the finance sector, DLT is being used to create decentralized...more
The blockchain underpinning the ether cryptocurrency has just been made more energy-efficient, secure, and scalable.
Ethereum, the blockchain that powers the ether (ETH) cryptocurrency, has upgraded its system in a move...more
In today’s global, technology-driven economy, financial crime risk takes many forms. Those responsible are highly innovative in devising and deploying methods to perpetrate financial crimes, leveraging knowledge and...more
Commercial disputes are often best settled by arbitration rather than in court. That applies to disagreements involving cryptoassets as much as to any other area of business, as Andrew Pimlott explains....more
As of August 29, there is renewed optimism that the EU, the US, and Iran are on the verge of reviving the Joint Comprehensive Plan Of Action (JCPOA) to limit Iran’s ability to develop nuclear weapons in exchange for a lifting...more
9/28/2022
/ Criminal Penalties ,
Economic Sanctions ,
EU ,
Financial Institutions ,
Iran Nuclear Agreement Review Act of 2015 (INARA) ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Weapons ,
Penalties ,
Policies and Procedures ,
Priority Watch Lists ,
Screening Procedures ,
Training ,
UK
Cryptoassets continue to fall in value and the industry is in trouble -
The big question now being asked about the cryptoassets meltdown is this: Is it the end of crypto as we know it, or only a short-term correction? The...more
8/19/2022
/ Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
Liquidity ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Virtual Currency
Talks between the U.S. and Iran to revitalize the nuclear deal may have stalled but they are far from dead. There is still optimism that the agreement to limit Iran’s ability to make weapons-grade uranium, in return for a...more
8/1/2022
/ Economic Sanctions ,
Employee Training ,
Energy Sector ,
EU ,
Financial Institutions ,
Fossil Fuel ,
Iran ,
Israel ,
Joint Comprehensive Plan of Action (JCPOA) ,
Middle East ,
Negotiations ,
Nuclear Weapons ,
Policies and Procedures ,
Russia ,
Saudi Arabia ,
Screening Procedures ,
Software ,
Terrorist Organizations ,
Ukraine ,
United Arab Emirates (UAE)
Non-fungible tokens are seen by some as an exciting new way to own digital assets such as art, but seen by others as a global confidence trick akin to The Emperor’s New Clothes.
Public awareness of non-fungible tokens...more
7/28/2022
/ Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Ethereum ,
Financial Conduct Authority (FCA) ,
Investors ,
Metaverse ,
Non-Fungible Tokens (NFTs) ,
UK ,
Ukraine ,
Virtual Reality