Lawmakers in New York approved their own version of a federal plan to collect the personal details of corporate beneficial owners, but with a key difference: The state would make those details public, not limit access to law enforcement and financial institutions only.
A state lawsuit claiming TikTok operates as an unlicensed money transmitter spotlights the money laundering-related risks posed by online platforms where users can digitize and send cash to other users in any amount, analysts told ACAMS moneylaundering.com.