Money Laundering

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/ai

Zoho launches AI-enabled version of its BI and analytics platform

Zoho Corporation, a leading global technology company, today launched a new version of Zoho Analytics—Zoho's self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation. Additional advancements to Zoho Analytics include a custom ML model-building studio, seamless integration with Open AI, and third-party BI platform extensions. The new version of Zoho Analytics has added power, intelligence, and flexibility to serve a broader range of businesses and users than competitors in the market.

/identity

Crypto exchange Bitlocus selects iDenfy for biometric KYC

iDenfy, a Lithuania-based RegTech startup specializing in ID verification and fraud prevention solutions, announced a new partnership with Bitlocus, a regulated cryptocurrency exchange platform known for its comprehensive crypto-to-fiat and fiat-to-crypto solutions.

/crime

TD Bank takes provision of $2.6 billion in anticipation of AML penalties

TD Bank Group (“TD” or the “Bank”) (TSX: TD) (NYSE: TD) today announced that the Bank continues to actively pursue a global resolution of the civil and criminal investigations into its U.S. Bank Secrecy Act (BSA)/anti-money laundering (AML) program by its U.S. prudential regulators, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Justice (DOJ).

/ai

Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

/identity

First Abu Dhabi Bank speeds customer onboarrding with Fenergo

First Abu Dhabi Bank (FAB) and Fenergo announced their partnership in June of 2024 to speed up client onboarding and enhance anti-money laundering (AML) compliance processes for the bank with Client Lifecycle Management (CLM).

/regulation

Proven Bank deploys Fenergo transaction monitoring to bolster AML compliance

Fenergo, the leading provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), today announced that Caribbean-based PROVEN Bank is deploying Fenergo’s transaction monitoring solution to streamline its anti-money laundering (AML) compliance processes.

/regulation

Fed terminates Silvergate Bank enforcement action

The Federal Reserve Board on Friday announced the termination of an enforcement action with Silvergate Bank and its holding company, Silvergate Capital Corporation, both of La Jolla, California.

/identity

IDenfy releases automated utility bill verification tool

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution.

/crypto

EBA issues 'travel rule' guidelines

The European Banking Authority (EBA) issued today new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

/regulation

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces today that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) compliance processes.

/crime

BDSwiss signs with Trulioo for watchlist screening

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced a partnership with BDSwiss for Person Match and Watchlist Screening capabilities across EMEA, Asia and the Americas.

/regulation

Etops adopts AML and KYC analytics capabilities from Polixis

Etops, a leading Swiss-headquartered WealthTech, announces strategic partnership with Polixis, the leading AML and KYC data provider.

/crime

Swedbank integrates anti-financial crime into group products and advice

In order to further increase Swedbank’s ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.

/regulation

SteelEye incorporates in Singapore

SteelEye, the first truly integrated surveillance platform trusted by well over 150 financial firms globally, has strengthened its footprint in the Asia-Pacific (APAC) region by incorporating in Singapore, enabling closer collaboration with clients and regulatory authorities.

/regulation

Wolters Kluwer releases cloud-based AML module for CCH iFirm in the UK

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform.

/wholesale

FCA firms about common failings we have found in firms’ financial crime controls

We have today warned firms about common failings we have found in firms’ financial crime controls.

/payments

Landsbankinn in Iceland connects to Swift's Transaction Screening Service

Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.

/regulation

Unit21 launches AI-powered tools for AML and fraud analysts

Unit21, a leading provider in Fraud and AML solutions, today unveiled its new AI-powered features at Fintech Meetup.

/people

BBVA's Anna Di Censo joins Wirex

Wirex, a leading digital payment platform, is thrilled to announce the appointment of Anna Di Censo, a distinguished tier-1 talent from the traditional banking sector, as the new Money Laundering Reporting Officer (MLRO) for Italy.

/regulation

Themis launches AI-powered bot on AML platform

Themis continues to lead in applying innovative technology to the fight against financial crime, with the launch of a cutting-edge, AI-powered chatbot integration for its AML/KYC Platform.

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