Money Laundering

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ABA Bank selects Alessa for AML compliance

Tier1 Financial Solutions, a leading provider of client relationship management, compliance and fraud prevention solutions, has announced that the ABA Bank has selected Alessa to fulfill its transaction monitoring, risk scoring, fraud detection and regulatory reporting needs to enhance its compliance to anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.

/regulation

ABA Bank picks Alessa for AML compliance

Tier1 Financial Solutions, a leading provider of client relationship management, compliance and fraud prevention solutions, has announced that the ABA Bank has selected Alessa to fulfill its transaction monitoring, risk scoring, fraud detection and regulatory reporting needs to enhance its compliance to anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.

/crime

LexisNexis Risk and Accuity merge operations

Accuity and LexisNexis Risk Solutions announced they are merging operations. Both businesses are RELX companies and leaders in their respective focus areas in the global financial crime compliance sector with complementary solutions.

/crime

CLS Stockbrokers signs for iFinancial AML package

iFinancials’ award-winning software AMLtrac has been selected by CSL Stockbrokers to help with the on-boarding of their customers and to meet their Anti Money Laundering obligations.

/regulation

Nice Actimize applies AI to watchlist screening

Financial services organizations are increasingly challenged to efficiently screen parties and payments against required sanctions lists.

/regulation

Kompany launches global shareholder discovery tech

Austrian RegTech firm kompany announced today the launch of its newest anti-money laundering compliance solution designed to ease ultimate beneficial ownership (UBO) discovery for regulated entities across the world.

/regulation

SmartSearch US introduces enhanced digital fraud checks with data referencing and triangulation

Leading anti-money laundering (AML) and ID fraud specialist SmartSearch U.S. is launching enhanced protection for businesses, in light of the latest AML legislation to pass through Congress on January 1st.

/crime

Refinitiv joins forces with The Sentry to prevent war criminals abusing the financial system

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced today its partnership with The Sentry, an investigative and policy team that seeks to prevent African war criminals and their business networks from abusing the international financial system.

/cloud

NICE Actimize drives AML cloud transformation for Vancity

NICE Actimize, a NICE (NASDAQ: NICE) business, has been selected by Vancouver City Savings Credit Union (Vancity), a member-owned financial co-operative headquartered in British Columbia, Canada, to drive and implement its modernized, cloud-based antimoney laundering operation.

/crime

Owner of bitcoin exchange sentenced to prison for money laundering

A Bulgarian national who was convicted by a federal jury for his role in a transnational and multimillion-dollar scheme to defraud American victims was sentenced today to 121 months in prison.

/regulation

OCC terminates Wells Fargo AML consent order

Wells Fargo & Company (NYSE: WFC) today announced that the Office of the Comptroller of the Currency (OCC) has terminated a 2015 consent order related to the company’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.

/regulation

Fenergo automates client onboarding for Mizuho Americas

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces that Mizuho Americas has deployed Fenergo’s software to automate Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory processes, digitalize workflows and accelerate client onboarding onto a single platform.

/crime

Credit Suisse professes "astonishment" at Swiss money laundering charges

Credit Suisse takes note with astonishment of the decision of the Office of the Attorney General of Switzerland to bring charges against the bank and other parties in an investigation that has already lasted more than twelve years.

/regulation

IComply updates KYC platform

iComply Investor Services (“iComply”), a global compliance software provider, is announcing that it is launching an updated version of its iComplyKYC platform for digital compliance administration that now supports the onboarding and authentication of legal entities and natural persons as a part of its all-in-one compliance solution.

/Money Laundering

Mansfield Building Society signs for iFinancial's AMLtrac

Mansfield Building Society have signed for iFinancial’s Anti Money Laundering Software, AMLtrac, as a cornerstone of their compliance strategy and procedures.

/crime

Danske Bank deploys Quantexa’s AI platform for financial crime detection

Quantexa, the data and analytics software company pioneering contextual decision intelligence, announced today its AI-based technology is supporting Danske Bank as it enhances its Anti-Money Laundering (AML) monitoring and investigation capabilities.

/crime

Facial recognition vendor Facepoint joins Nice Actimize X-Sight marketplace

NICE Actimize, a NICE business (Nasdaq: NICE) today announced that FACEPOINT, which launched an industry-leading biometric risk screening engine, has joined the X-Sight Marketplace, bringing its cutting-edge facial recognition technology for advanced KYC and watch list risk screening to the ecosystem.

/regulation

Nice Actimize taps facial recognition or AML/KYC risk screening

Nice Actimize, a Nice business (Nasdaq: NICE) today announced that FACEPOINT, which launched an industry-leading biometric risk screening engine, has joined the X-Sight Marketplace, bringing its cutting-edge facial recognition technology for advanced KYC and watch list risk screening to the ecosystem.

/regulation

EBA identifies means to strengthen legal aspects of deposit protection from AML

The European Banking Authority (EBA) published today an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection.

/crime

Seon joins TruNarrative app store

SEON, the fraud fighters, today announces it has partnered with leading UK RegTech platform, TruNarrative, allowing TruNarrative users to leverage SEON’s extensive data to make informed onboarding decisions.

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