Money Laundering

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/crime

Lithuanian Government gives green light to the Centre of Excellence in Anti-Money Laundering

Yesterday, a unique public-private cooperation project initiated by the Bank of Lithuania was given a green light, when the Lithuanian government approved the establishment of the Centre of Excellence in Anti-Money Laundering.

/crime

Oracle brings big bank anti-money laundering protections to smaller institutions

Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings two decades of experience in fighting big bank financial crime to an easy-to-manage, cost-effective application suite designed for mid-sized banks.

/identity

DSBC Financial Group partners iDenfy to verify users

DSBC Financial Group, an international financial institution, and iDenfy, a renowned Lithuania-based identity verification solution provider, join hands to make DSBC Financial Group's platform fully secured from different types of phishing and identity-related frauds.

/regulation

Privat 3 Money picks Napier for AML

The London based E-Money solution for global citizens Privat 3 Money (P3) has selected leading anti-money laundering and intelligent compliance software provider Napier, to integrate enhanced transaction monitoring into the core P3 platform.

/regulation

Afterpay cleared in Austrac AML compliance audit

AUSTRAC ordered the appointment of an external auditor to Afterpay Australia Pty Ltd (Afterpay) to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act).

/crime

FIMBank incorporates AML monitoring tech from Fiserv

FIMBank, a private Malta-based bank, has enhanced its financial crime risk management (FCRM) capabilities with a platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions.

/regulation

ACA Compliance Group upgrades AML package

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, today announced the launch of its enhanced anti-money laundering (AML) solution.

/regulation

Majority of regulated firms breaching fifth money laundering directive

A majority of regulated firms are facing penalties for non-compliance with the Fifth Money Laundering Directive (5MLD) according to new research from LexisNexis® Risk Solutions, the global data and analytics provider.

/crime

TRP Working Group publishes first AML messaging standard

The Travel Rule Protocol Working Group (TRP Working Group), a global independent industry body of leading virtual asset service providers (VASPs) dedicated to creating standards that adhere to the Financial Action Task Force’s (FATF) R.16 Travel Rule recommendations, is pleased to announce today that it has published Version 1.0.0 of its standard inter-VASP messaging API for Travel Rule data exchange (TRP API).

/regulation

Refinitiv buys The Red Flag Group

Refinitiv has today acquired The Red Flag Group, significantly expanding its suite of due diligence offerings with the addition of a leading provider of workflow, data, due diligence and ratings solutions that help corporate compliance customers to evaluate money laundering, bribery and corruption, reputational and ESG risk.

/crime

Bank of Lithuania calls for a uniform EU-level approach to fight money laundering

According to the Bank of Lithuania, harmonisation of rules and requirements throughout the European Union (EU) would help to enhance anti money laundering (AML) and counter terrorist financing (CTF) efforts in an effective manner, eliminate existing regulatory fragmentation and ensure a unified European approach.

/crime

AML vendor SmartSearch opens US office

Leading UK anti-money-laundering (AML) firm SmartSearch has opened its first office in the USA just two months after starting operations across the Atlantic.

/crypto

CoinPayments pick Sumsub KYC tech

The world’s largest cryptocurrency payments processor, CoinPayments, today announces its collaboration with Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit for KYC/KYB/AML needs.

/crime

Rackspace and M1 Finance collaborate on fraud detection

Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it brought expanded Amazon Web Services (AWS) capabilities to M1 Finance, a Chicago-based online financial services company.

/crime

Nasdaq launches AML investigation technology

Today Nasdaq (Nasdaq: NDAQ) announced the launch of the cloud-deployed Nasdaq Automated Investigator for AML, the first automated solution for investigating anti-money laundering (AML) for retail and commercial banks and other financial institutions.

/regulation

Online Payment Platform selects Slimmer AI to meet compliance regulations

Online Payment Platform, a leading payment service provider for platforms and marketplaces, and Slimmer AI announce a partnership to meet the evolving local and international compliance regulation.

/identity

Contemi integrates with GBG identity verification suite

Contemi Solutions, a global fintech provider, today announced that it has partnered with GBG, a global specialist in Identity Data Intelligence, to fully integrate its client Onboarding solution with GBG’s Identity Verification solution for automated KYC, AML and customer verification capabilities.

/crypto

Elliptic extends Binance partnership

Elliptic, the global leader in cryptoasset risk management solutions, today announced that it will now monitor Binance Chain and its native cryptoasset BNB, which averages USD 250 million in daily trading volume.

/crime

Financial crime: Banks being attacked on all fronts

It’s not just cyber technologies or digital currencies that are worrying financial crime teams in financial institutions across the UK & Ireland. It’s also the increasing volume and variety of more established financial crimes that aren’t new, but are incredibly hard to detect, such as mule activity; the proceeds of trafficking; the abuse of corporate structure and the criminal use of third parties.

/crime

SmartSearch breaks into US market

Leading UK anti-money-laundering (AML) firm SmartSearch is today launching operations in the USA.

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