FATF issues report on Countering Ransomware financing

The report analyses the methods that criminals use to carry out their ransomware attacks and how payments are made and laundered. Criminals are almost exclusively using crypto, or virtual assets and have easy access to virtual asset service providers around the...

FinCEN updates Ransomware Advisory

FinCEN updates advisory on Ransomware and the use of the financial system to facilitate ransom payments. The advisories addressed red flags, reporting requirements, and potential sanctions risks involved in making payments in response to ransomware...