Money Laundering

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/Money Laundering

Banks willing to collaborate on shared KYC utility

Financial institutions around the world not only prioritize financial inclusion and financial transparency, but also share the desire to increase data sharing and collaboration with their peers to achieve it, according to a new study by LexisNexis Risk Solutions, a global big data, technology and analytic linking company.

/Money Laundering

ThinkMarkets deploys GBG for automatic client on-boarding

Leading multi-asset trading platform, ThinkMarkets, has implemented GBG’s online verification solution to enhance its account opening and anti-money laundering screening capabilities.

/Money Laundering

Accuity simplifies KYC with new Ultimate Beneficial Ownership Data

Understanding the risk that a financial counterparty represents to a financial institution is critical in deciding whether to continue to do business with an existing counterparty or to form a relationship with a new one.

/Money Laundering

Swift to launch new hosted Name Screening service

SWIFT announces today that it will launch a new hosted cloud service, Name Screening, designed to allow online search engine-style lookup of individual names. Developed to address the needs of small to midsized banks, investment managers and corporates, the service will complement Sanctions Screening, SWIFT’s hosted transaction screening tool.

/Money Laundering

KY3P private cloud adds due dilligence questionnaire on vendor cyber security

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced an agreement with AITEC and the Alternative Investment Management Association (AIMA) to strategically strengthen its Know Your Third Party (KY3P) platform.

/Money Laundering

Tencent subsidiary Money Data turns to Thomson Reuters for AML compliance

Tencent’s subsidiary, Money Data Limited, has selected Thomson Reuters Risk solutions to comply with the Hong Kong Monetary Authority’s (HKMA) Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) licensing requirements in its successful application to obtain the Stored Value Facilities (SVF) license under the Payment Systems and Stored Value Facilities Ordinance.

/Money Laundering

Luup taps Contego for AML and KYC checks

Contego, the multi-source fraud reduction platform, today announced that Luup, a leading provider of merchant services for internet and e-commerce businesses, specialising in cross-border payments, has selected Contego’s platform to carry out checks on companies and individuals based in the UK, Europe and North America to help ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.

/Money Laundering

Signicat launches FinTech Starter Pack

Signicat, the first and largest identity assurance provider in the world, today announced its FinTech Starter Pack to help new FinTech companies ensure immediate regulatory compliance.

/Money Laundering

Pegasystems upgrades client lifecycle management and KYC onboarding tech kit

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world’s leading enterprises with strategic applications for customer engagement, today announced enhancements to its industry leading Pega Client Lifecycle Management (CLM) and Pega Know Your Customer (KYC) applications that provide the industry’s first unified solution for managing both corporate and personal banking customer journeys.

/Money Laundering

Kyckr develops corporate identity blockchain

Kyckr is pleased to announce that it has completed phase one in the development of its corporate identity blockchain service.

/Money Laundering

Europol launches AML taskforce for digital currencies

Today, Europol, INTERPOL, and the Basel Institute on Governance have formalised the establishment of a tripartite partnership for a working group on money laundering with digital currencies.

/Money Laundering

Swift's Sanctions Screening service pulls in 500th customer

SWIFT announces another important milestone for its hosted compliance services – the 500th customer for the SWIFT Sanctions Screening service.

/Money Laundering

Money Router to launch in London to tackle money laundering

Brought to market by Musa Jammeh and Taimoor Iqbal of Route Trading Ltd (a compliance officer employed at a major U.K. bank, and a tech entrepreneur with a background in money transfer), Money Router is the first instant verification system to help thwart money laundering.

/Money Laundering

New York watchdog fine's Taiwan's Mega Bank $180m for AML failures

Financial Services Superintendent Maria T. Vullo today announced that Mega International Commercial Bank of Taiwan will pay a $180 million penalty and install an independent monitor for violating New York’s anti-money laundering laws.

/Money Laundering

Brazil’s Banco Original adopts Swift’s KYC registry

WIFT announces today that Brazil based Banco Original is now using The Know Your Customer (KYC) Registry, SWIFT’s centralised repository which maintains a standardised set of information about financial institutions required for KYC compliance.

/Money Laundering

Onfido secures funding

Onfido, a leading global identity verification and background checking provider, announces it has raised funding from Salesforce Ventures, Talis Capital and angel investors to scale its machine learning-enabled trust solutions for financial services firms.

/Money Laundering

Dow Jones, Exiger, Regulatory DataCorp and kyc.com team up

kyc.com, the joint venture between IHS Markit (Nasdaq: INFO) and Genpact (NYSE: G), today announced a strategic partnership with Dow Jones, Exiger and Regulatory DataCorp (RDC) to deliver an end to end know your customer (KYC) process integrating compliance, onboarding, sanctions, screening, negative media searches and client risk assessment.

/Money Laundering

SAS updates AML tech

Faster validation of suspicious activities. Better, more accurate alerts. Quicker click-through to critical data. The newest release of SAS® Anti-Money Laundering goes further than ever to help analysts in financial institutions comply with anti-money laundering (AML) and counterterrorist financing regulations.

/Money Laundering

Bank of Montreal opts for Kyc.com

Kyc.com, the joint venture between IHS Markit (Nasdaq: INFO) and Genpact (NYSE: G), today announced that Bank of Montreal has signed onto the service to streamline the collection and management of know your customer information (KYC).

/Money Laundering

NextAngles launches cognitive regulatory compliance tool

Financial technology solutions provider NextAngles today announced the launch of its flagship compliance solutions for financial institutions grappling with increasing regulatory and market pressures.

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