Money Laundering

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SEB establishes new financial crime intelligence unti

SEB is recruiting Nicklas Lundh, from the Swedish Police, and Ravi Shankar Sharma, Head of Intelligence Development, Investigations and Analytics at Nordea, to jointly lead a new Financial Intelligence unit within SEB's Financial Crime Prevention unit (FCP).

/regulation

Arf secures Swiss regulatory approval

Arf, the global settlement banking platform for licensed money service businesses, announces that it has been granted the approval of the Financial Services Standard Association (VQF) through Arf’s entity in Zug, Switzerland.

/crime

US Treasury sanctions Tornado Cash

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019.

/regulation

SmartKYC introduces smartLists

Financial crime teams have long struggled with seamlessly integrating their internal watchlist data into their due diligence work.

/regulation

Lerex Technology signs with ID-Pal

ID-Pal, the identity verification provider, has been appointed by Lerex Technology, the payment solution provider, to help with its growing identity verification, e-verification, Anti-Money Laundering (AML) and Know your Customer (KYC) requirements.

/crime

45% of firms failing to detect criminal 'ghosts'

Almost half (45 per cent) of finance and banking firms are failing to carry out crucial “ghost-buster” checks on new business clients, newly released data shows.

/regulation

Ondato launches automated AML risk scoring

Ondato, a technology company that streamlines KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, today announces the launch of Ondato Risk Scoring, an automated tool for companies to identify and manage customer-associated risk better and faster during onboarding.

/regulation

SymphonyAI to buy BAE Systems' AML unit

SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, announced today it is acquiring financial crime detection leader NetReveal from BAE Systems. This acquisition marks a significant step in SymphonyAI’s expansion strategy within the financial vertical.

/regulation

Recognise Bank speeds customer onboarding with TruNarrative

Recognise Bank, the fintech powered business lender and savings provider, has partnered with TruNarrative, a LexisNexis Risk Solutions company, to completely transform the onboarding process for its SME business lending customers.

/security

Shufti Pro to deliver AML verification for Mintus art platform

UK-based Shufti Pro, a leader in identity verification solutions, today announced it has been selected by art investment platform Mintus to provide leading-edge KYC and AML identity verification solutions.

/security

FullCircl enhances HMRC Import and Export Data Extension

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business faster, has launched its latest Premium Data Extension (PDE). The new HMRC Import and Export Data Pack allows users to understand which of their customers are trading internationally – critical for KYC, AML, and continuous due diligence monitoring, as well as identifying opportunities to support customers and cross-sell products and services.

/regulation

Lucinity and Experian form Know Your Business partnership

Lucinity and Experian announced today that the companies have entered a strategic partnership to deliver next-generation ongoing Know Your Business (KYB) and compliance risk assessments.

/regulation

ComplyAdvantage ships free tool to verify customers using PEPs, media & additional data insights

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced the release of a new tool called ComplyTry, enabling anyone to verify prospective customers using live sanctions, politically exposed people (PEPs) and adverse media data for free.

/regulation

Juni signs for combined ID verification and Know Your Business services from iDenfy

The Lithuanian identity verification and compliance company iDenfy, joined forces with Juni, the financial management platform made for ecommerce.

/crime

Juni signs with Salv for fincrime risk monitoring and screening

Salv, the regtech company founded by Wise and Skype employees, has entered into a partnership with Swedish fintech company Juni, the fast-growing financial companion for e-commerce, which is on its way to change the future of financial services.

/regulation

Know Your Customer expands real-time registry connections to 123 countries

International RegTech provider Know Your Customer has today announced its most significant product release to date.

/identity

Sumsub releases GPS-based Proof of Address verification

Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, has recently added GPS-based verification to its Proof of Address solution.

/regulation

EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer

The European Banking Authority (EBA) today published its Guidelines specifying the role and responsibilities of the anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officer and of the management body of credit or financial institutions.

/crime

Pleo selects Lucinity as central hub for financial crime prevention

Pleo, the Danish $4.7B FinTech used by 20,000 companies across Europe, has selected Lucinity as its central hub for Financial Crime Prevention after a rigorous selection process.

/regulation

Kevin. selects Sentinels for transaction monitoring and AML compliance

Sentinels, a Fenergo company and Europe’s leading intelligent transaction monitoring platform, has been appointed by payments fintech kevin. to handle transaction monitoring compliance.

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