Reported by Joe Miller Former Wall Street trader Bill Hwang has been sentenced to 18 years in prison, capping an extraordinary fall from grace for the Archegos founder who was earlier this year found guilty of orchestrating a massive market deception that cost big banks billions of dollars. Judge Alvin Hellerstein on Wednesday said the […]

Reported by IDVerse The White Paper by IDVerse extensively covers the significance of KYC identity verification (IDV) in financial services, with a focus on combating modern challenges like deepfakes. Below is a revised summary tailored to these aspects: 1. Role of KYC in Identity Verification KYC identity verification ensures compliance with regulations like Anti-Money Laundering […]

Reported by Lindsay Brocki and Stella Lellos By January 1, 2025, millions of existing businesses must have filed certain information with the Financial Crimes Enforcement Network (FinCEN) to remain in compliance with the Corporate Transparency Act (CTA). As this deadline approaches, concern is growing among lawmakers. During a House Financial Services Committee hearing, committee members […]