Compliance

President Trump's first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon this foundation.

Gen Digital announced in December it planned to acquire MoneyLion for $82 a share, approximately $1 billion in cash value.

Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for its transfer app. This week's fine follows earlier penalties in other states and the federal government.

Three U.S. agencies lack a "comprehensive, government-wide strategy," according to a report that echoes complaints banks have made for years.

The decision to stop enforcing the Corporate Transparency Act, which requires the disclosure of the beneficial ownership of businesses, could make the U.S. an attractive environment for fraudsters.

The Office of the Comptroller of the Currency disclosed a significant email system security breach that revealed sensitive data about federally regulated banks. The breach follows a similar incident at the Treasury Department earlier this year.

A joint advisory from the U.S. and allies warns that fast flux is enabling threat actors to hide malware and control compromised devices undetected.

Individual victims of the data breach could get up to $3,000, but most will see around $20, possibly less. The breach also affected fintech partners.

John Kothanek, who leads the crypto exchange's global intelligence team, shares some of the ways the company helps investigate on-chain crime.

Dave Cunningham, senior case manager for Alvaka shares insights on ransomware attacks, how to avoid them and what victims should do if they are targeted.