Money Laundering

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/regulation

Finastra expands payments compliance offering with Fincom.co

Finastra today announced the introduction of new anti-money laundering (AML) compliance capabilities integrated with its Fusion Global PAYplus core payments solution, via Fincom.co and the FusionFabric.cloud open developer platform.

/crime

FCA reports upward spiral of suspicious activity reports from financial firms

The number of Suspicious Activity Reports (SARs) submitted by financial firms to the Financial Conduct Authority (FCA) has been steadily increasing year over year since 2017, according to official data.

/crypto

FATF publishes guidance for regulation of cryptocurrency industry

The virtual asset sector is fast-moving and technologically dynamic, which means continued monitoring and engagement between the public and private sectors is necessary.

/regulation

Ondato raises €3.6M seed extension to support expansion of Compliance-as-a-Service model

Compliance-as-a-Service startup Ondato has closed a €3.6M seed extension round led by OTB Ventures, LitCapital and Startup Wise Guys, bringing the total amount raised by Ondato so far to €5.6M.

/regulation

Australian digital banking platform, Data Action, to strengthen AML compliance with Napier

RegTech company Napier, provider of advanced anti-financial crime compliance solutions, has announced that specialist core banking and digital services provider Data Action will use the full Napier platform to strengthen its anti-money laundering (AML) and counter terrorism financing (CTF) defences in servicing Australia’s alternative banking industry.

/regulation

Luminor Bank and KYC fintech Ondato partner on business accounts

Luminor Bank, the third largest bank in the Baltic region, and Ondato, the leading provider of compliance as a service, are partnering to allow companies the opening of Luminor business accounts remotely in Latvia.

/crime

EBF and SAS join forces to fight financial crime

The United Nations Office on Drugs and Crime estimates that US$800 billion to $2 trillion is laundered through worldwide financial systems each year. That’s an astonishing 2-5% of global GDP.

/regulation

Nexpay taps Ondato compliance platform

Nexpay, the banking infrastructure provider for the digital assets industry, has partnered with Ondato, running all KYC, AML, and e-signature processes through Ondato’s compliance management platforms.

/regulation

Hargreaves Lansdown deploys HooYu and Equifax to speed-up customer onboarding

Customer onboarding and Know Your Client (KYC) reg tech firm HooYu and leading global data, analytics and technology company Equifax, announced today that Hargreaves Lansdown (HL) has implemented the HooYu and Equifax customer onboarding KYC journey.

/regulation

DNB Bank selects Fenergo to strreamline KYC and client onboarding

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces that DNB Bank ASA will deploy its SaaS-based CLM solution to consolidate know your customer (KYC) and anti-money laundering (AML) operations across all business lines including corporate and institutional banking, personal market and private banking.

/regulation

Broadridge releases AI-powered AML package

To better serve clients and the financial services industry, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of the Broadridge Anti-Money Laundering Solution (AMLS), bringing new, leading edge capabilities to Broadridge’s existing Intelligent Automation suite.

/regulation

Hampshire Trust Bank to deploy ComplyAdvantage AML suite

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Hampshire Trust Bank (HTB), a specialist bank, focused on lending to UK businesses has selected the company’s award-winning anti-money laundering (AML) suite of solutions including Customer Screening and Onboarding, Adverse Information & Media, Transaction Monitoring and Transaction Screening.

/regulation

Ppro makes minority investment in Sentinels

Ppro, the leading local payments infrastructure provider, has today announced a strategic partnership and minority investment in Sentinels, Europe’s leading transaction monitoring startup based out of the Netherlands.

/regulation

Lithuanian EMI, Satchel, introduces new AML controls with Napier

RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that Satchel, a Lithuanian-based electronic money institution (EMI), is the latest to deploy its scalable AI-enhanced technology as the firm targets further international growth.

/people

SmartSearch appoints general counsel

Leading UK anti-money laundering specialist SmartSearch has appointed a new in-house general counsel to provide expert guidance on legal issues affecting the business.

/people

IComply adds regtech vet Paul Childerhose to advisory board

IComply Investor Services (“iComply”), a global compliance software provider, is announcing that Paul Childerhose, a recognized leader in the Canadian RegTech industry, has been appointed to iComply’s advisory board.

/regulation

Identitii ships new SaaS regulatory reporting platform

Identitii Limited (ASX:ID8) (Identitii, Company) is pleased to announce the launch of a brand-new Software-as-a-Service (SaaS) platform designed to help reduce the risk of non-compliance with international anti-money laundering (AML) and counter-terrorist financing (CTF) reporting obligations, starting with Australia’s AUSTRAC.

/regulation

Crif invests in Know Your Customer

Leading banking credit information provider CRIF today announced a global commercial partnership with award-winning RegTech company Know Your Customer underpinned by a strategic financial investment into the firm.

/crime

Total value of AML enforcement is skyhigh, reaching $2.2bn in 2020

Kroll, the world’s premier provider of services and digital products related to valuation, governance, risk and transparency, has today published new data showing that the COVID-19 pandemic has not stunted global enforcement action for anti-money laundering (AML) failings.

/crime

Smartsearch launches document verification system to combat money laundering

Leading UK anti-money laundering specialist SmartSearch has launched a new weapon in the ongoing fight against dirty cash being cleaned around the world through activity such as buying property.

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