Money laundering

OVERCONFIDENCE: AMERICANS FALLING VICTIM TO FINANCIAL SCAMS

Retrieved on: 
Wednesday, December 20, 2023

NEW YORK, Dec. 20, 2023 /PRNewswire/ -- 

Key Points: 
  • Waves of sophisticated phone, text and online scam attempts may leave Americans numb to the dangers of financial scams and overconfident in their ability to prevent them.
  • A new Citi survey performed by YouGov shows that while 90% of U.S. adults say they believe they're able to fend off financial scams, more than 27% reported having fallen victim to them at some point, with increasing financial consequences.
  • Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9231051-citi-holiday-financial-s...
    Michael Steinbach, Head of Financial Crimes and Fraud Prevention at Citi and a former FBI agent shares the steps you can take to avoid scams and how you can keep your accounts secure this holiday season.
  • MICHAEL'S TIPS TO KEEP YOUR ACCOUNTS SECURE:
    For additional security, add biometric login, such as facial or fingerprint recognition and two-factor authentication.

Premier BSA/AML Gaming Conference Set to Launch in Two Weeks in Las Vegas

Retrieved on: 
Tuesday, August 29, 2023

LAS VEGAS, Aug. 29, 2023 /PRNewswire/ -- The Annual BSA/AML Gaming Conference is scheduled to begin on Tuesday, September 12th, at Caesars Palace in Las Vegas Nevada.

Key Points: 
  • LAS VEGAS, Aug. 29, 2023 /PRNewswire/ -- The Annual BSA/AML Gaming Conference is scheduled to begin on Tuesday, September 12th, at Caesars Palace in Las Vegas Nevada.
  • This event, organized and hosted by the BSA-AML Compliance Group, is the premier anti-money laundering compliance conference for the gaming industry, featuring over a dozen government officials and other experts in gaming, sanctions, anti-money laundering, and compliance.
  • The Main Conference will open on Tuesday morning with a Welcome Address from Dr. Brittnie Watkins of the Nevada Gaming Control Board.
  • The Control Board oversees Nevada's gaming industry, and protects the stability and integrity of the gaming industry through investigations, licensing, and enforcement of laws and regulations.

RevoluGROUP Canada Inc. Reports It Has Negotiated a $12.47 Million Private Placement Led by European Financially Regulated HBDIG Technologies GmbH

Retrieved on: 
Wednesday, April 26, 2023

Each unit will consist of one common share and one warrant (each, a "Warrant") exercisable to purchase one additional common share at a price of $0.40 each for a period of one (1) year from the date of issuance.

Key Points: 
  • Each unit will consist of one common share and one warrant (each, a "Warrant") exercisable to purchase one additional common share at a price of $0.40 each for a period of one (1) year from the date of issuance.
  • The private placement is subject to TSX Venture Exchange approval, and all securities are subject to a four-month-and-one-day hold period.
  • The Mutual Business Development Strategy agreement also grants HBDIG Technologies GmbH the provision of one board member.
  • The Company intends to utilize the remaining net proceeds from the private placement for general operating expenses and working capital.

Strengthening Canada's response to financial crime

Retrieved on: 
Friday, March 3, 2023

Today marks the conclusion of the Financial Crime Coordination Centre (FC3)'s second annual Spin Cycle conference.

Key Points: 
  • Today marks the conclusion of the Financial Crime Coordination Centre (FC3)'s second annual Spin Cycle conference.
  • Working closely with law enforcement and other domestic and international partners, the Government of Canada is strengthening our country's response to money laundering and other types of financial crime.
  • "To fight organized crime, we must turn off the taps – and that means taking aim at money laundering and other financial crimes.
  • - The Honourable Marco Mendicino, Minister of Public Safety
    The Financial Crime Coordination Centre (FC3) within Public Safety is a five-year pilot initiative to bolster Canada's response to complex and fast-moving financial crimes through stronger coordination across all levels of government.

ACAMS Expands Expertise and Convening Power with Appointment of Craig Timm as U.S. Head of AML

Retrieved on: 
Monday, February 13, 2023

In his new role, Timm will be a key expert in helping advance ACAMS efforts to fight financial crime, including facilitating public-private partnerships with anti-financial crime (AFC) stakeholders to strengthen compliance efforts and drive investigations of suspected money laundering and other illicit activity.

Key Points: 
  • In his new role, Timm will be a key expert in helping advance ACAMS efforts to fight financial crime, including facilitating public-private partnerships with anti-financial crime (AFC) stakeholders to strengthen compliance efforts and drive investigations of suspected money laundering and other illicit activity.
  • As an ACAMS in-house AML expert, Timm will separately play a role in providing illicit-finance threat analyses and guidance for AFC professionals working at financial institutions, regulatory bodies, and law enforcement agencies around the world.
  • “We are thrilled to have him on our team.”
    With the addition of Timm as the new U.S. head of AML, this strengthens the team’s U.S. presence.
  • Globally, the team is led by Dr. Justine Walker, global head of sanctions, compliance, and risk at ACAMS, and has additional expertise located in the U.K., Europe, and Asia Pacific.

Simplifya and Shield Compliance Bring Critical Cannabis RegTech Market Data to Financial Institutions

Retrieved on: 
Wednesday, February 8, 2023

DENVER, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Simplifya , the leading regulatory and operational compliance software platform serving the cannabis industry, announced the availability of the Simplifya Market Guide for financial institutions working with Shield Compliance .

Key Points: 
  • DENVER, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Simplifya , the leading regulatory and operational compliance software platform serving the cannabis industry, announced the availability of the Simplifya Market Guide for financial institutions working with Shield Compliance .
  • Simplifya Market Guide is a next-gen automated solution for licensed cannabis operators and the businesses that serve them, providing comprehensive and user-friendly cannabis market summaries for all 50 states.
  • “With many credit unions, banks, and lenders operating in numerous states with active cannabis markets, Simplifya Market Guide places up-to-date, comprehensive and easy-to-use regulatory and market snapshots in the hands of Shield Compliance financial institutions,” said Simplifya CEO and Co-Founder Marion Mariathasan .
  • Simplifya Market Guide is not only an invaluable compliance tool but also a key business development tool for those financial institutions expanding their service reach.”

RevoluGROUP Canada Inc. Signs Mutual Business Development Strategy Furthering Equity Investment Talks

Retrieved on: 
Friday, November 25, 2022

Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.

Key Points: 
  • Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.
  • The parties have agreed to a comprehensive 2-year plan to initiate on the day of the eventual equity acquisition.
  • Today's advent of approving the mutual underlying business plan is considered a notable continued positive advancement in the talks.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. Equity Investment Talks Documentary Due Diligence Concluded

Retrieved on: 
Monday, November 7, 2022

In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.

Key Points: 
  • In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.
  • The Company and parties are delighted to have satisfactorily concluded this crucial phase.
  • The satisfactory completion ahead of schedule of the aforementioned 'Documentary Due Diligence' bodes well for the projected timeframe and positive advancement of the talks.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

HAPI Introduces Malicious Address Detection to Bitcoin.com Wallet

Retrieved on: 
Thursday, October 27, 2022

HAPI enables users of Bitcoin.com Wallet to be warned if an address they interact with has been associated with any malicious activity before.

Key Points: 
  • HAPI enables users of Bitcoin.com Wallet to be warned if an address they interact with has been associated with any malicious activity before.
  • They connect their wallet to the website and at this point all of their assets, if not lost, are in serious danger of being siphoned off their wallet.
  • HAPI is able to prevent and notify about cases like these by providing Bitcoin.com with the database on malicious activity.
  • This also includes malicious addresses that can be blacklisted to prevent them from laundering assets through the Bitcoin.com wallet.

Fidelity Digital AssetsSM Research Finds Increased Adoption of Digital Assets Among Institutional Investors in U.S. and Europe

Retrieved on: 
Thursday, October 27, 2022

Nearly six-in-10 (58%) institutional investors surveyed in the fourth annual Fidelity Digital AssetsSM Institutional Investor Digital Assets Study were invested in digital assets in the first half of 2022, a six-point increase year-over-year.

Key Points: 
  • Nearly six-in-10 (58%) institutional investors surveyed in the fourth annual Fidelity Digital AssetsSM Institutional Investor Digital Assets Study were invested in digital assets in the first half of 2022, a six-point increase year-over-year.
  • While turbulent market conditions may have impacted some institutional investors impression of digital assets, the trend points to continued interest in the digital assets space overall.
  • While the findings show continued interest and exploration in digital assets, institutional investors not yet invested in digital assets see several barriers to adoption.
  • Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks of FMR LLC.