A recent investigation has caused a link between the notorious Shen Yun and its associated cult and U.S. Senator Ted Cruz to surface. Ted Cruz | Ted Cruz/Facebook To many, Shen Yun is known for the performance advertisements that seem to be in every major city, promising an unforgettable night of traditional Chinese dance and music […]
Nigeria’s Youverify raises $2.5M to enhance anti-money laundering compliance
Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups, secured a $ 2.5 million investment from Elm, which specializes in offering ready-made and customized digital solutions to public and private institutions in Saudi Arabia. The pre-Series A investment from Elm also includes a strategic partnership to help Youverify […]
India Reportedly Investigating Binance in Chinese Money Laundering Case
Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($ 134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local […]
Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push
Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.” New AML Body to Weed Out Suspicious Transactions in the EU, […]