Many financial institutions (FIs) see efforts to embed financial technology (fintech) and regulatory technology (regtech), which can be attributed to a mandate in favor of digital transformation as a must. According to a recent survey, 77% of FIs said that they plan to increase their...

"Fintech," a portmanteau for financial technology, describes the development of new software and technologies that seek to improve and automate the delivery and use of traditional financial products and services offered to both individuals and businesses. Fintech companies apply these innovative technologies and make financial...

In December 2021, the term “white-collar crime” marked its 82nd anniversary. The study of crime and criminals traditionally focuses on predatory offenses and the so-called “common” criminals who commit these offenses. White-collar crime—fraud, corruption, bribery, organized crime, cybercrime, identity theft, money laundering and drug trafficking—receives...

The Office of Foreign Assets Control (OFAC) has focused on cryptocurrency over the last few years. OFAC has used sanctions and enforcement actions to go after those facilitating money laundering and sanctions evasion, sending a clear message to crypto businesses that sanctions compliance is a...