Money Laundering

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/crime

Swedbank notifies Ofac of potential sanction violations

The investigation of Swedbank’s work on anti-money laundering conducted by the law firm Clifford Chance has found that transactions amounting to approximately USD 4.8 million in total constitute potential sanction violations.

/startups

UK's Neotas wins place at ING's Brussels fintech accelerator

Neotas – a leading provider of online due diligence for banks and financial services firms – has been selected by global bank ING to join its fintech accelerator in Brussels.

/crypto

Globitex boosts AML capabilities with Bitfury Crysta

Globitex, a high-growth fintech serving crypto businesses, has today announced a cooperation with Bitfury Group’s Crystal Blockchain, which provides boosted Anti Money Laundering compliance and security measures to its clients through the Bitfury Crystal™ platform.

/regulation

New Philippines bank Tonik picks Nice Actimize AML tech

Nice Actimize, a Nice (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Tonik, a leading Southeast Asia pure-play licensed digital bank, to implement its Essentials Anti-Money Laundering solutions and support the development of a secure banking environment for its new customer base.

/crime

Digital bank Tonik to install Nice Actimize AML tech

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by TONIK, a leading Southeast Asia pure-play licensed digital bank, to implement its Essentials Anti-Money Laundering solutions and support the development of a secure banking environment for its new customer base.

/crime

Westpac faces US class action suit over financial crime disclosure

Westpac today confirmed that Rosen Law Firm has filed a class action lawsuit against Westpac on behalf of purchasers of the securities of Westpac between 11 November 2015 and 19 November 2019 inclusive.

/crime

ComplyAdvantage names former Oanda president Vatsa Narasimha as COO and CFO

ComplyAdvantage, the regtech company transforming the compliance industry through data science and machine learning to neutralize the risk of financial crimes, today announced the appointment of Vatsa Narasimha as Chief Operating Officer and Chief Financial Officer.

/crime

Fiserv provides AML tech to DoIEx

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that DolEx Dollar Express, Inc. and its affiliate, Europhil, will enhance their anti-money laundering (AML) processes with technology from Fiserv.

/regulation

Gateway selects Know Your Customer for digital onboarding

Gateway Private Markets (HK) Limited ("Gateway"), specialists in direct secondary investments in the world’s foremost growth and late-stage private technology companies, has selected award-winning RegTech provider Know Your Customer to deliver seamless digital onboarding to its clients.

/regulation

EastWest Banking Corporation selects Wolters Kluwer’s OneSumX for Risk Management

EastWest Banking Corporation (EastWest) is the latest firm to select Wolters Kluwer’s OneSumX for Risk Management to manage its Market Risk and Asset and Liability Management (ALM) requirements.

/Money Laundering

Dubai regulators fine and ban Deutsche Bank compliance officer

The Financial Markets Tribunal (FMT), a specialist independent tribunal, has affirmed a decision by the Dubai Financial Services Authority (DFSA) to fine Ms Anna Waterhouse and restrict her from being involved in providing financial services in or from the Dubai International Financial Centre (DIFC).

/crime

RDC and Monzo expand anti-money laundering partnership for bank’s US launch

RDC (Regulatory DataCorp) has renewed its agreement with Monzo, the UK’s fastest-growing bank, in a deal that will see the company’s next-generation customer screening technology extended to cover the bank’s US launch.

/crime

Encompass and Pega team for streamlined KYC

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today announces a partnership with Pegasystems Inc. (PEGA), the software company empowering digital transformation at the world's leading enterprises.

/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.

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