Money Laundering

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Accuity introduces AI-powered financial crime compliance screening

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process.

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Standard Chartered hammered by FCA/Fed over money laundering

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business.

/regulation

Varo Money selects Nice Actimize for AML

Leading the industry with solutions protecting mobile financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was chosen by Varo Money, Inc. a leading all-mobile banking company to implement its financial crime strategy for anti-money laundering protections including AML/KYC requirements, sanctions screening and transaction monitoring capabilities.

/regulation

AML detection outfit FinCom.Co comes to the UK

To help UK financial institutions and businesses stamp out money laundering activities, remain compliant with legislation, and improve efficiencies, Israeli fintech start-up, FinCom.Co, today announces the launch of its services in the UK through the London Stock Exchange’s Issuer Services Marketplace.

/regulation

Jamaica Stock Exchange signs KYC licence agreement with Grada

The Jamaica Stock Exchange (JSE) on Friday, March 15, 2019 signed a License Agreement with Global Risk and Data Authority (GRADA) a Cayman Island based company to provide an integrated electronic platform for ‘Know Your Customer’ (KYC) and Anti-Money Laundering (AML).

/regulation

Delta Capita and JJCFinTech form KYC and AML JV

Delta Capita, the international business & technology consulting and managed services firm, has announced a strategic joint venture partnership with JJCFinTech, a London-based FinTech consultancy specialising in KYC/AML, Regulatory, Tax and Compliance services.

/regulation

Encompass and IHS Markit partner on KYC

encompass corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today 12 March announces a partnership with IHS Markit, a world leader in critical information, analytics and solutions.

/regulation

Refinitiv partners Liquid on eKYC in Japan

Refinitiv is partnering with Japan’s Liquid, Inc. to streamline the electronic Know Your Customer (eKYC) process for the Japanese market.

/regulation

Banco CTT combats money laundering with Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Banco CTT, one of Portugal’s newest and fastest-growing banks, has selected Fiserv to enable efficient and effective anti-money laundering (AML) capabilities.

/regulation

PensionBee chooses Onfido for KYC compliance

Leading identity verification provider Onfido today announces that it has partnered with PensionBee.

/regulation

Opus launches Clarity KYC

Opus, the leading provider of global compliance and risk management solutions, announces the launch of Clarity KYC, its new Know Your Customer (KYC) workflow automation and risk intelligence solution.

/regulation

Germany's Zuper acquires Verify-U

German FinTech company Zuper GmbH has completed acquisition of the longstanding German identity service Verify-U AG.

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Arachnys joins Oracle PartnerNetwork

Arachnys, the leader in Customer Risk Intelligence (CRI) solutions for Client Onboarding, Know Your Customer (KYC), Customer Due Diligence & Enhanced Due Diligence (CDD/EDD) and Anti Money Laundering (AML), today announced that is has become an Oracle PartnerNetwork (OPN) Platinum level member with the Arachnys Customer Risk Intelligence (CRI) suite.

/regulation

Degiro works with Accuity to reduce risk exposure

Accuity, the leading global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, announced that it is working with DEGIRO, the fast growing FinTech and largest online broker in the Netherlands, to automate customer account screening using a comprehensive range of sanctions and watchlist data sets.

/regulation

Encompass partners Bisnode to improve KYC data coverage in the Nordics

encompass corporation, a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, today announces a strategic partnership with Bisnode, Europe’s leading provider of data and analytics, to enable it to deliver state-of-the-art information and customer onboarding services to financial institutions in the Nordic region.

/security

Trulioo extends ID verification suite to the Czech Republic and Slovakia

Trulioo, the leading global identity verification company, announced today that it now verifies customers in the Czech Republic and Slovakia through its electronic identity verification platform, GlobalGateway – helping to mitigate money laundering and fraud in two of the world’s fastest growing markets.

/regulation

Hong Kong central bank fines JPMorgan Chase for money laundering failures

The Monetary Authority reprimands and fines JPMorgan Chase Bank, National Association, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

/regulation

UBS fined $15 million for AML ovesight failings

FINRA announced today that it has fined UBS Financial Services Inc. (UBSFS) $4.5 million and UBS Securities LLC (UBSS) $500,000 for failing to establish and implement anti-money laundering (AML) programs reasonably designed to monitor certain high-risk transactions in customer accounts.

/Money Laundering

Ex-Thomson Reuters KYC executive joins Delta Capita

Delta Capita, the international FS consulting and managed services firm, has hired Tracey Allen to lead the client experience team for their KYC business line.

/Money Laundering

UAE Banks Federation convenes on KYC and blockchain

The CEOs Advisory Council of the UAE Banks Federation (UBF) held its 4th meeting this year today (December 17, 2018), to discuss and review the progress of UBF's future and ongoing initiatives.

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