A regulated Cyprus-based E-Money Institution (EMI) has been fined €350,000 by the Central Bank of Cyprus following an AML compliance examination covering the 2020 financial year. The sanction, now under judicial review, constitutes a confirmed supervisory...
Another compliance-related controversy has surfaced in the fintech sector — this time involving Revolut.
According to recent reporting, a former employee allegedly threatened to leak sensitive customer KYC (Know Your Customer) data following a dispute with the...
FinTelegram sounded the alarm. We exposed the gaping holes, the glaring red flags, and the staggering audacity of the regulatory maneuvers. Now, the inevitable...
Singapore is taking an aggressive step in its fight against digital fraud: convicted scammers will soon face long-term bans on accessing banking services and even mobile phones. The new...
Over the weekend, Thailand’s anti-scam blitz jumped from policy to people’s wallets: millions of bank accounts were reportedly frozen as authorities hunted “mule” accounts used by...
According to a FinCEN advisory, U.S. banks processed approximately $312 billion in suspicious transactions between 2020 and 2024, tied to Chinese money laundering networks (CMLNs). These operations frequently serve...
Following an investigation by The Bell, the European digital bank Revolut has started sending warnings to users with ties to Russia—emphasizing that transfers from sanctioned Russian entities are strictly prohibited....
The European Banking Authority (EBA) has issued a sharp warning: money laundering risks in the fintech sector are rising fast, and regulators aren’t keeping up.
In its latest Opinion...
The crypto industry has witnessed another major security breach. Nobitex, Iran’s largest cryptocurrency exchange, has reportedly suffered an exploit leading to the theft of over $73...
On 16 June 2025 the U.S. Federal Trade Commission (FTC) entered a stipulated order requiring Paddle.com Market Limited, the London-based “merchant-of-record” payments platform serving...
