689 articles tagged with this keyword
Company update/regulation
The European Commission has today referred Austria, Belgium and the Netherlands to the Court of Justice of the European Union, with a request for financial sanctions, for failing to fully implement the 4th Anti-Money Laundering Directive (AMLD4) into their national law.
03 July 2020
Company update/crime
SEB has not sufficiently identified the risk of money laundering in its Baltic operations and has had deficiencies in its governance and control of the Baltic subsidiary banks’ anti-money laundering measures.
25 June 2020
The Board of the International Organization of Securities Commissions is requesting feedback on proposed guidance to help its members regulate and supervise the use of Artificial Intelligence (AI) and Market Learning (ML) by market intermediaries and asset managers.
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions has been selected by Aviva, to replace Know Your Customer (KYC), Customer Due Diligence (CDD) and Anti-Money Laundering (AML) systems and services.
EQ (Equiniti), an international technology-led services and payments specialist, is delighted to announce that it has partnered with Encompass to further bolster its KYC proposition.
23 June 2020
The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017.
17 June 2020
Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.
16 June 2020
Socure, the leader in Day Zero digital identity verification technology, today announced the launch of “Intelligent KYC,” unlocking scale and speed in customer acquisition, industry-leading auto-approval rates, and fewer manual reviews.
11 June 2020
Money laundering is the practice of disguising the illegal origin of criminal proceeds.
Company update/security
Financial services organizations of all sizes must remain one step ahead of financial crime.
05 June 2020
Nasdaq (Nasdaq: NDAQ) announced today that its investment arm, Nasdaq Ventures, has taken a minority stake in the UK-based financial crime investigation automation company Caspian.
04 June 2020
Regxsa, formerly known as AMLabc, empowers Financial Institutions in taking responsibility towards society and doing the right thing.
The European leader in crypto AML and compliance solution, Scorechain, released a new layer of risk management feature with Risk Indicators.
ThetaRay, a leading provider of AI-based Big Data analytics, has signed an agreement under which Banco Santander will employ ThetaRay’s anti-money laundering (AML) solution for correspondent banking.
03 June 2020
Kompli-Global, the leading RegTech AML specialist, has formed a strategic partnership with digital identity and credential management platform, Yoti, to make life much more difficult for fraudsters and money launderers.
21 May 2020
We are delighted to announce that Reliance Bank have signed for iFinancial’s Anti Money Laundering Software, AMLtrac, as part of their commitment to meet regulatory requirements and ensuring the financial safety of their customers.
20 May 2020
indó and Lucinity have signed a partnership agreement regarding indó's use of Lucinity's anti-money laundering (AML) defense system.
19 May 2020
Company update/Money Laundering
Finologee, the Luxembourg FinTech platform operator, and Harmoney, the KYC solutions provider from Ghent (Belgium) today announced the launch of their joint venture under the name KYC Manager.
Westpac today filed its defence with the Federal Court in relation to civil proceedings brought by AUSTRAC on 20 November 2019 regarding alleged contraventions of its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act.
15 May 2020
CSLB-Asia, providers of family office, corporate secretarial and commercial business consultancy services, have announced their collaboration with award-winning RegTech company Know Your Customer across the APAC region.
12 May 2020
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