Reported by Nectar Gan Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business relationship with the Asian financial hub. In a letter to US Treasury Secretary Janet Yellen Monday, bipartisan leaders of the House Select Committee on […]

KYC in an Increasingly Complex Landscape Reported by Fenergo Summary of U.S.-Focused Insights from the KYC Trends 2024 Report Read full report – see attachment: 1. Rising Costs of KYC Compliance in the U.S.: Financial institutions (FIs) in the U.S. face significant compliance challenges, spending a substantial portion of their operational budgets on Know Your […]