Compliance professionals should focus on the anti-money laundering (AML) program risks highlighted by the emerging Pandora Papers scandal rather than on individual revelations, experts said. Their comments came in response to ongoing investigative news reports based the Pandora Papers, a massive data leak that publicly exposed confidential ...Read More

Investing consistently in cryptocurrency just got a lot easier. In September, Coinbase announced that its users will soon be able to set up direct deposit with any percentage of their paychecks and can choose for the money to be deposited as U.S. dollars or any of ...Read More

After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, ...Read More

WASHINGTON (Reuters) – Facebook will pay up to $14.25 million to settle civil claims brought by the U.S. government that the social media company discriminated against workers and violated other federal recruitment rules, U.S. officials said on Tuesday. The two related settlements were announced ...Read More

Securities and Exchange Commission Chairman Gary Gensler said Tuesday that Wall Street’s top regulator is working to determine if payment for order flow needs to be reformed or barred to ensure a competitive marketplace for buying and selling trading volume. Gensler acknowledge that modern agreements between ...Read More

Facebook launched its new digital wallet for cryptocurrencies called Novi Tuesday, and it hired Coinbase to help with the logistics. In an announcement out early Tuesday, Coinbase said it would be storing the cryptocurrencies that Facebook will offer to users who sign up for the early ...Read More

The Securities and Exchange Commission will return to a policy of requiring companies involved in settling some civil enforcement actions to admit wrongdoing, according to a Wall Street Journal report on Wednesday. Such admissions in certain cases will strengthen the deterrent value of enforcement actions and ...Read More