Digital Banks Key To Fighting Dirty Money, NCA Says

Law360, London (November 13, 2019, 6:00 PM GMT) -- Fintech companies and mobile-based lenders challenging the traditional brick-and-mortar banking model play a crucial role in preventing money laundering but must adapt monitoring to follow how their customers bank, Britain's crime-fighting agency said Wednesday. 

Emerging peer-to-peer lenders, cryptocurrency exchanges and financial institutions challenging traditional banks play a critical role in feeding law enforcement information on suspicious activity even if they don't hold a typical banking license, the National Crime Agency said. 

In a new report, the NCA outlined how so-called challenger banks — companies that offer banking services but don't accept deposits — need to adapt how they disclose possible violations when they...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!