Last week, the New York State Department of Financial Services (“NYDFS”) fined Robinhood’s crypto trading unit $30 million. The crypto...
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Flutterwave Denies Kenyan Regulator’s AML Claims
There are numerous potential downsides once regulators suspect AML infractions – operational, reputational, financial, and more. Flutterwave, a digital payments...
Read MoreHouse Amends ENABLERS Act: Adds More Industries Under BSA/AML Scope
An amended version of the ENABLERS Act (“Establishing New Authorities for Business Laundering and Enabling Risks to Security”), informally known...
Read MoreOFAC Fines AMEX Bank for Sanction Violations
American Express National Bank (Amex) agreed to a $430,500 settlement regarding 214 violations of OFAC’s Kingpin sanctions. Kingpin sanctions are penalties for...
Read MoreMoney Transfer Company Pleads Guilty to AML Violations
Ping Express – a Texas payments company that transferred millions of dollars from the U.S. to Africa on behalf of...
Read MoreNFT Platforms Subject to AML Laws in EU?
On June 30, the EU reached a political agreement on a set of laws known as the Markets in Crypto...
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