AML

The bill that would force anonymous shell companies to disclose their actual ownership.

The Internal Revenue Service’s Bank Secrecy Act program, in which it is supposed to safeguard against money laundering, is having only a minimal impact on tax compliance, according to a new report.

U.S. Treasury Secretary Steven Mnuchin said he will work with the Group of 20 nations to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of an anonymous Swiss bank account.

NICE Actimize has introduced anti-bribery and corruption software that monitors organizations’ financial systems looking for signs of criminal schemes.