Financial institutions worldwide have reported 134,500 suspicious transactions concerning virtual currencies in the past two years — but that’s just the tip of the iceberg according to a report ...

The IRS, in response to court decisions that went against the agency, issued proposed regulations (REG-109309-22) that identify certain microcaptive insurance transactions as listed transactions and ...

Americans who live and do business in those ZIP codes—estimated to be more than one million Americans—will be reported if they spend more $200 in cash on items like money orders and traveler’s checks.

While the U.S. Bank Secrecy Act (BSA) of 1970 marked a pivotal moment in KYC's (Know Your Customer) regulatory history, it is essential to acknowledge that similar legislative efforts were underway ...

AI algorithms can analyze transactions in real time, detect anomalies and patterns that may indicate fraudulent activities, and alert banks to take appropriate actions. An example of fraud detection ...

Learn about friction cost to make better informed decisions: its implications in investments and loans, and how it helps assess the true cost of financial transactions.