416 articles tagged with this keyword
News/Money Laundering
Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.
21 May 2019
Fenergo has begun work with Bahrain’s Electronic Network for Financial Transactions (Benefit) to design and implement a national Know Your Customer (KYC) utility that incorporates blockchain technology.
01 May 2019
News/security
Swedbank has put its head of Group IT, Anders Ekedahl, in charge of a new dedicated anti-financial crime (AFC) unit set up in response to a money laundering scandal being probed by regulators.
25 April 2019
In conversation with Finextra Research, Arkwright’s Frank Wunderlich and Signicat’s John Erik Setsaas discuss their new report which highlights how the Nordic region can now act as a blueprint for digital identity success and how banks are crucial for this positive result.
09 April 2019
Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.
22 March 2019
News/regulation
Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partners and eliminating duplication and ineffeciency.
12 February 2019
UK financial institutions and payment processors should collaborate on the creation of a national digital identity scheme to face down the threat posed by money laundering and payments-related financial crime, according to a new report published by the Emerging Payments Association (EPA).
31 January 2019
News/ai
Anti-financial crime AI platform Mimiro has raised $30 million in a Series B funding round led by Index Ventures.
30 January 2019
The Dutch central bank and financial services regulator say that the country must introduce a licensing regime for crypto exchanges and wallet providers in order to tackle money laundering and terrorist financing.
21 January 2019
The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.
10 January 2019
Regulatory authorities and banks in Abu Dhabi have recorded tangible benefits from trials of a shared Know Your Customer utility underpinned by distributed ledger technology.
05 December 2018
Invest Cyprus, the country’s national investment partner, has signed an MoU with public blockchain service creator VeChain Foundation and blockchain project strategy advisory Cream to introduce DLT in Cyprus.
02 November 2018
PwC is bolstering its regulatory compliance business with the acquisition of anti-money laundering and sanctions screening tool KYC-Pro from Irish consultancy FSCom.
01 October 2018
Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.
25 September 2018
Some of the world's biggest banks, including Citi, MUFG and Societe Generale, have joined forces on a venture bidding to digitalise the trade and commodities finance sector through a blockchain-based open platform.
19 September 2018
The UK government should take action to regulate the "Wild West" crypto-assets market, says a group of senior MPs, arguing that with proportionate oversight the country could become a global centre for the fast-growing sector.
The CEO of Danske Bank, Thomas Borgen, is to step down following allegations that the Danish bank laundered billions of mostly Russian cash through its Estonian branch.
The European Commission is proposing to hand the European Banking Authority sweeping new powers to crack down on money laundering following a spate of scandals at a number of major banks.
12 September 2018
Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.
28 August 2018
United Overseas Bank is to apply machine learning technology from local RegTech startup and accelerator graduate Tookitaki across its entire anti-money laundering framework following a successful six-month pilot trial.
24 August 2018
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