What this means for US Financial Industry Firms FinCEN has significantly increased its remote monitoring of AML controls for MSBs, Payments and E-Money Firms, using powerful computing and AI methods to identify shortcomings. Recent actions include a $3.5 million penalty on Paxful and a record $1.3 billion against TD Bank as well as action [...]

FinCEN’s latest Financial Trend Analysis highlights the continuing impact of ransomware on the financial system, identifying more than $2.1 billion in reported ransomware payments between 2022 and 2024, with financial services emerging as the most targeted industry by value. Unlike previous reports that focused on when activities were filed with FinCEN, this analysis looks [...]

The Consumer Financial Protection Bureau (CFPB) is at the center of one of the most contentious debates in American financial regulation. Created in 2010 as part of the Dodd-Frank Act in response to the 2008 financial crisis, the CFPB was designed to protect consumers from deceptive and abusive financial practices. However, its future remains [...]

At Neopay Global, we offer a range of solutions tailored to firms' needs. All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of regulatory compliance. And with current supervision and [...]