Indian Crypto Exchange “WazirX” Victim To $235 Million Hack!
On July 17, 2024 it was discovered that in a significant security breach, Indian cryptocurrency exchange WazirX has reportedly lost...
19 July 2024
Binance Fined $2M, Highest Fine In India For AML Violations
In June 2024, Binance, the world’s largest cryptocurrency exchange, was fined USD 2 million by India's Financial Intelligence Unit (FIU...
24 June 2024
How Does Transaction Monitoring Detect Fraud?
In 2024, transaction monitoring is more important than ever. Financial crimes like money laundering and fraud are becoming increasingly sophisticated,...
19 June 2024
Binance Founder’s Prison Sentence: A Wake-Up Call for Crypto Compliance
Changpeng Zhao (CZ) served as the CEO of Binance, renowned as one of the largest cryptocurrency exchanges globally. We delve...
9 May 2024
Shell Companies: Top 5 Case Studies from Dubai
Shell companies often characterized by minimal substance and opaque ownership structures, serve as conduits for various purposes, ranging from legitimate...
28 April 2024
UAE’s Battle Against Money Laundering: Challenges, Regulators and RegTech Solutions
Nestled in the heart of the Middle East, the UAE stands as a beacon of prosperity and global commerce. However,...
26 April 2024
RBI’s Fintech Scrutiny Of AML & KYC Unveiled-Quick facts in 7 minutes
RBI has escalated its scrutiny of Fintech companies in the wake of compliance lapses, exemplified by its recent actions against...
23 February 2024
Money Mules In An Instant Payment Environment: Navigating The Risks And Challenges
Money mules play a crucial role in the process of cashing out the proceeds of fraud, making it essential for...
30 January 2024
Russia-Cyprus Confidential Ties
The ICIJ conducted an investigation called the Cyprus Confidential that revealed various ties with Russian oligarchs.
6 December 2023
Financial Crime Trends To Watch In 2023
Financial crime is a persistent and growing problem that affects individuals, businesses, and governments. The loss incurred due to financial...
7 September 2023