Money Laundering

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/crime

UK Fintech Gemba chooses ThetaRay for its AML programme

Gemba Finance, a leading provider of innovative banking and financial management solutions, and ThetaRay, the leader in next-generation AI-powered trusted global payments, announced today the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, to power Gemba’s growth, while reducing regulatory exposure which frequently hampers growth at financial institutions.

/regulation

LEIs extended to cover beneficial ownership status

A collaboration between GLEIF and Open Ownership has resulted in Legal Entity Identifiers (LEIs) being integrated into datasets produced in line with the Beneficial Ownership Data Standard for the first time.

/regulation

Deutsche Bank subsidiary DWS to pay $25 million penalty for AML and ESG violations

The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its Environmental, Social, and Governance (ESG) investment process.

/security

First AML launches new AML platform, Source

First AML, the global AML scaleup, today announced the launch of its new self-service platform, Source, designed to revolutionise anti-money laundering workflows for compliance professionals and teams. The new platform offers an unrivalled choice for organisations with complex or multinational onboarding requirements, delivering streamlined collaboration and ensuring AML consistency.

/crypto

Helix brings KYC processing to DeFi derivatives trading

Helix, the premier decentralized orderbook exchange built on Injective, today announces the launch of Helix Institutional, enabling the trading of DeFi derivatives products in a permissioned, KYC-enabled environment.

/crime

SEC charges Archipelago with record-keeping violations

The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020.

/crime

Tornado Cash founders charged with money laundering and sanctions violations

A Russian national and a Washington man were charged today with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money transmitting business.

/security

Dock partners Feedzai to bring fraud prevention tools to LatAm businesses

Dock, a B2B leader in payments and banking technology in Latin America, announced a partnership with Feedzai, a global leader in fraud and money laundering prevention, to provide new options for security solutions to Dock customers and expand access to this cutting-edge technology in Latin America to companies of all sizes.

/crime

European Commission to make use of Moody’s Analytics to modernise anti-fraud activity

Moody’s Analytics today announced it has been awarded a new Framework Contract (FWC) by European Anti-Fraud Office (OLAF), to provide company data, information on connected individuals, and risk indicators encompassed in Moody’s Analytics’ Orbis database.

/regulation

AML RightSource advances AI use

AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has furthered its application of AI and Natural Language Processing (NLP) to allow AML practitioners to reduce time spent on labor intensive, low-value tasks and increase their ability to focus on risks that truly warrant attention.

/regulation

South Africa’s Clicksendnow selects ThetaRay for transaction monitoring

Clicksendnow, market-challenger in African remittance payments, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced today the implementation of ThetaRay’s SONAR platform to provide automated transaction monitoring and sanction screening to support ClickSendNow’s company growth.

/regulation

Finastra and ADVANTAQ partner for streamlined compliance onboarding for banks in the Caribbean

Finastra, a global provider of financial software applications and marketplaces, and ADVANTAQ, the leading compliance technology partner in the Caribbean, today announced that ADVANTAQ’s compliance solutions are now directly integrated with Finastra Opics, offering Caribbean-based banks the ability to onboard their customers in one portal, creating a seamless customer experience.

/crime

Amlyze and Salt Edge form strategic partnership

AMLYZE, a leading RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is excited to announce its strategic collaboration with Salt Edge, a leading open banking platform.

/regulation

Tuum teams with RegTech Fourthline

Tuum and Fourthline have partnered to offer European financial institutions a secure and agile core banking solution that incorporates world-leading end-to-end customer onboarding and monitoring in compliance with KYC (Know Your Customer) and AML (anti-money laundering) regulations.

/crypto

EBA consults on extending money laundering rules to crypto assets

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors.

/crime

NTT Data Payment Services implements Facctum anti-financial crime technology

Facctum has announced that FacctViewTM, a new screening platform, has been chosen by NTT Data Payment Services to expand its anti-financial crime defenses.

/security

Mastercard integrates Vesta's fraud solutions into Gateway Services

With merchants estimated to suffer more than US$48 billion in eCommerce fraud globally in 2023 – 22% of that in Asia[1] – Mastercard today announced the expansion of its partnership with Vesta, the global leader in payment fraud protection.

/people

Global Screening Services appoint Stephen Gilderdale, former CPO at Swift, as senior advisor

Global Screening Services (GSS), a RegTech innovator focused on financial transaction screening, has today announced that Stephen Gilderdale will be appointed as Senior Advisor to the business.

/crime

Experian teams up with Kyckr for KYC checks

Kyckr, the corporate Know Your Customer company, has announced its new integration with the world's leading global information services company, Experian.

/people

Fourthline recruits Peter Grausguber from BitPanda as new CFO

Fourthline, the leading RegTech provider of AI-powered and compliant KYC and AML solutions, is pleased to announce the appointment of Peter Grausgruber as its Chief Financial Officer (subject to approval from the Dutch Central Bank).

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