Reported by U.S. Department of Justice To download full report, go to link below: (Summary version featured below) Justice Department’s Fraud Crackdown in 2024 Sets Records for Prosecutions and Corporate Penalties Washington, D.C. — The Justice Department’s Fraud Section recorded a banner year in 2024, securing an unprecedented number of convictions and corporate resolutions as […]

Reported by Daniel Meyer (Summary version featured below) Know Your Customer (KYC) protocols have become increasingly crucial as financial crimes, such as money laundering and fraud, continue to rise. Global spending on KYC-related anti-money laundering (AML) services is expected to reach $2.5 billion in 2024, driven by regulatory pressures and reputational risks. Traditionally, KYC involves […]