Money Laundering

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/identity

Worth raises $25 million

Worth, the all-in-one, fintech platform for onboarding and underwriting workflow automation, celebrates its leading position in the industry with with a $25 million investment led by TTV Capital and the rapid adoption of its AI-powered solutions by leading enterprises.

/security

Intergiro connects with SEON's anti-fraud and AML tools

From AI-generated deepfakes to synthetic identities and hyper-targeted phishing attacks, fraud is evolving faster than ever.

/crime

FinScan improves payment screening

FinScan, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has enhanced its payment screening solution, FinScan Payments, to amplify payments risk reviews, accelerate payment workflows, and seamlessly integrate with payment ecosystems to support faster, frictionless payment operations on a global scale.

/payments

iBanFirst secures UK EMI license

iBanFirst, the next-generation cross-border payment services provider, today announces that it has secured an Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the UK. The milestone underscores its commitment to delivering the highest standards of financial reliability and operational resilience, as it prioritises growth in the UK.

/regulation

Sumsub upgrades case management and AML screening

Sumsub, a global full-cycle verification platform, has introduced the latest innovations in case management and AI-driven AML screening to help compliance teams improve efficiency, reduce manual work, and tackle the growing challenge of false positive matches.

Savings accounts see huge surge in mule-linked activity

/security

Savings accounts see huge surge in mule-linked activity

Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.

/ai

Lynx launches AI-powered AML screen tech

Lynx Tech introduces its next-generation Anti Money Laundering (AML) Screening Solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed.

Crypto exchange OKX hit with $505m penalty over AML violations

/crypto

Crypto exchange OKX hit with $505m penalty over AML violations

The operator of the OKX crypto exchange will pay more than $504 million in fines and fees after admitting breaking US anti-money laundering laws.

/regulation

Signicat and Strise partner to unify customer verification and AML automation

Signicat, Europe’s leading provider of digital identity and fraud prevention solutions, has announced a strategic partnership with AML automation specialist Strise.

/ai

PhotonPay deploys AI-powered AML and Risk engine

Fintech compliance is an increasingly important aspect of the financial industry. As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance.

/regulation

Nvayo declared insolvent

On 10 February 2025, Nvayo Limited (Nvayo) entered special administration.

Mastercard launches AI-powered AML service in Asia Pacific

/ai

Mastercard launches AI-powered AML service in Asia Pacific

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

/crime

Fenergo forges relationship with PwC

Fenergo, the leading provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), today announces that it has joined forces with PwC to accelerate the delivery of Fenergo’s AI-powered CLM and KYC solutions to financial institutions across multiple territories.

TD Bank to offload $14bn Charles Schwab stake

/retail

TD Bank to offload $14bn Charles Schwab stake

TD Bank has agreed to sell its 10.1% stake in investment firm Charles Schwab for about C$20 billion (US$14.6 billion) after taxes.

/ai

Formica AI tackles financial fraud

Developed entirely by Turkish engineers, Formica AI has become a leader in Turkey and the nearby geography in areas such as fraud detection and prevention, AML, KYC, internal audit and compliance with legal regulations.

/crime

IDB Bank signs with ThetaRay for financial crime compliance

ThetaRay, a global leader in Cognitive AI Financial Crime Compliance and IDB Bank, a New York-based private and commercial bank, have announced a strategic partnership.

Block hit with $255m in penalties over Cash App failings

/regulation

Block hit with $255m in penalties over Cash App failings

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

Google fund invests in KYB verification startup Arva AI

/ai

Google fund invests in KYB verification startup Arva AI

Google's early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.

/people

AML RightSource appoints Steve merink as CEO

AML RightSource, the global leader in financial crime compliance solutions, today announced the appointment of Steve Meirink as the company’s new Chief Executive Officer, effective immediately, and that he has been named to the Board of Directors.

Chainalysis buys AI fraud detection firm Alterya

/ai

Chainalysis buys AI fraud detection firm Alterya

Blockchain analysis giant Chainalysis has acquired generative AI-powered fraud detection startup Alterya.

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