The build-out of a comprehensive regulatory framework for payment stablecoins is steadily moving toward completion, as the various agencies ...

Several federal regulators, both on their own and in tandem, are moving to apply bank-like rules for anti-money laundering / countering the ...

The Federal Reserve Board is introducing a proposal that would require some payment stablecoin issuers to institute customer identification programs similar to those required of banks and credit ...

Financial institutions operate in an environment where trust, compliance, and fraud prevention are inseparable. To protect the financial system from money laundering, terrorist financing, and identity ...

The Treasury Department's Financial Crimes Enforcement Network along with the federal banking agencies on Thursday proposed customer identification standards for stablecoin issuers, marking the first ...

The following information was released by the National Credit Union Administration: The Financial Crimes Enforcement Network (FinCEN), jointly together with the Federal Deposit Insurance Corporation ...

The proposal is part of a broader effort to bring stablecoin issuers under the same anti-money laundering framework that apply to traditional banks and other financial institutions. Stablecoin issuers ...

LPL Financial has agreed to pay an $18 million civil penalty for the SEC described as significant shortcomings in the firm's anti-money laundering program. The reported violations, which occurred ...

LPL Financial has agreed to pay $18 million to resolve allegations that it failed to close or restrict thousands of high-risk accounts because of lax anti-money-laundering procedures.