Money Laundering

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/regulation

PwC and Fenergo partner to streamline KYC compliance

Professional services firm PwC has joined up with leading provider of digital Client Lifecycle Management (CLM) solutions Fenergo to “do KYC differently”.

/regulation

EastNets and Refinitiv team on AML platform

EastNets and Refinitiv today announced a partnership to offer enhanced automated access to software and data that enables real-time risk management and improved compliance capabilities to companies at risk of financial crime.

/ai

DBS taps Exiger for AI-based financial crime fighting package

To fend off the evolving risks of financial crime, DBS Bank has partnered with Exiger, the global leader in tech-enabled financial crime, risk and compliance solutions, to implement an artificial intelligence (AI) powered due diligence solution to streamline and further bolster the bank’s screening processes.

/Money Laundering

Protiviti and International RegTech Association study sets out roadblocks to effective KYC

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes.

/regulation

Standard Chartered adds Quantexa to financial crime ecosystem

Standard Chartered has partnered with Quantexa, the contextual decision intelligence software company, to amplify its anti-financial crime efforts globally.

/regulation

CapBridge selects Know Your Customer for digital onboarding of retail investors

Singapore global private markets platform CapBridge has partnered with Know Your Customer to deliver fast and reliable client onboarding to retail investors of its innovative private market platform.

/security

Jumio beta tests real-time identity verification product

Jumio, the leading AI-powered trusted identity as a service provider, today announced the beta release of Jumio Go, the company's first real-time, fully automated identity verification solution.

/regulation

Swedbank responds to AML sanction action

Swedbank has today received the SFSA's decision to initiate a sanction process in the ongoing AML investigation.

/payments

Sokin launches remittance service

Sokin the global cross-border payments firm is set to launch its transparent, secure and fast service remittance service which will allow millions of people to make unlimited low cost monthly international payments.

/regulation

Neotas gets grant for screening system

Neotas – a leading provider of online due diligence for the financial services sector - is joining forces with artificial intelligence (AI) experts at the University of Essex to develop a next-generation screening system.

/regulation

US regulators issue statement on digital asset AML obligations

The leaders of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S. Securities and Exchange Commission (the “Agencies”) today issued the following joint statement to remind persons engaged in activities involving digital assets of their anti-money laundering and countering the financing of terrorism (AML/CFT)obligations under the Bank Secrecy Act (BSA).[1]

/regulation

SmartSearch receives growth equity investment from Marlin Equity Partners

Award-winning company SmartSearch Ltd, one of the UK’s leading providers of RegTech software focused on Anti-Money Laundering (“AML”) solutions, today announced that it has received a growth equity investment from Marlin Equity Partners (“Marlin”).

/Money Laundering

Worldline celebrates sustainability ranking boost

Worldline, [Euronext: WLN] European leader in the payments and transactional services industry, announces that it has gained one place in the Sustainalytics ranking and became the 4th out of the 229 companies assessed in the Software and Services industry.

/regulation

EU supervisors highlight money laundering and terrorist financing risks in the financial sector

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector.

/regulation

Edelweiss Asset Management to deploy Signzy e-KYC package

Edelweiss Asset Management Company, one of the fastest growing AMCs, today announced that it has partnered with India’s leading RegTech startup (which manages regulatory processes in the BFSI sector through technology) Signzy for digital customer onboarding and a faster verification process on its investment platform.

/regulation

Visma to offer Fico Siron anti-financial crime software

Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.

/regulation

HSBC introduces financial crime detection systems

HSBC Global Trade and Receivables Finance (GTRF) business has deployed an industry-leading Anti-Money Laundering (AML) system and an automated sanctions checking system as part of its ongoing efforts to improve financial crime detection.

/security

AxiomSL achieves security compliance with SOC 2 Attestation

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announced completion of The Service Organization Control (SOC) 2 Type II audit of RegCloud that confirmed the effectiveness of the firm’s internal controls for compliance and data protection.

/ai

Symphony AyasdiAI applies machine learning to AML compliance

Symphony AyasdiAI today announced the launch of Ayasdi AML, an advanced anti-money laundering (AML) solution that significantly boosts efforts to combat fraudulent money laundering schemes.

/regulation

Compliance Hub product for SMEs launched by Shield

Specialist RegTech provider Shield is proud to announce the launch of Shield for small to medium sized (SME) investment firms, a dedicated new version of its cloud-based, cross-regulation and comprehensive eComms compliance platform that specifically caters for the needs of small and medium-sized financial services firms, which has been developed in response to industry demand.

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