416 articles tagged with this keyword
News/Money Laundering
The UK treasury is set to roll out a new £1 coin in late March which it claims is the most resistant to counterfeiting ever produced.
03 January 2017
BBVA, ING and UBS are among the R3 member banks that have been working on a proof-of-concept for a distributed ledger technology-based shared KYC registry.
10 November 2016
Eight Latin American central banks have signed up to adopt Swift's sanctions screening service and KYC Registry in an effort to combat the threat posed to the region by de-risking measures imposed in correspondent banking relationships.
04 November 2016
ComplyAdvantage, a London-based regtech startup which uses artificial intelligence and machine learning to help firms meet AML and terrorst financing rules, has raised $8.2 million in a Series A funding round led by Balderton Capital.
13 October 2016
The European Banking Authority (EBA) has called on the EC to postpone plans to bring virtual currency exchanges and wallet providers under the scope of a new Anti-Money Laundering Directive.
12 August 2016
The Australian Government has set up a specialist cyber-intelligence unit to crack down on terrorist financing, money laundering and online payment fraud.
09 August 2016
Blockchain intelligence outfit Elliptic is teaming up with LexisNexis Risk Solutions to bring what they claim is bank-grade risk management to Bitcoin.
03 August 2016
The records of 2.2 million individuals and organisations suspected of being involved in terrorist activity or financial crime have been leaked on the public Internet.
29 June 2016
The EU Commission should set up a taskforce to monitor virtual currencies to prevent their being used to launder money or finance terrorism, said Parliament in a non-binding resolution voted on Thursday.
27 May 2016
The use of blockchain technology for clearing and settlement in the cash equities market could save banks around the world $6 billion a year, mainly through lower headcounts and back office IT costs, according to a Goldman Sachs report.
26 May 2016
The founder of Liberty Reserve - a digital currency outfit used by cybercrooks to launder hundreds of millions of dollars - has been sentenced to 20 years in prison.
10 May 2016
The president of Philippines-based Rizal Commercial Banking Corp (RCBC) has resigned despite being cleared by an internal investigation into the bank's connection with the $81 million Bangladesh Bank hacking scandal.
09 May 2016
Indian mobile commerce network Paytm has enlisted Wipro to help it build the technology platform for its forthcoming payments bank business.
02 May 2016
The president of the San Francisco Fed has hailed the potential of Silicon Valley fintech startups to transform financial services but warned them that they must expect to be regulated like old-fashioned banks.
13 April 2016
Kyc.com, the joint venture data sharing utility between Markit and Genpact, is to extend its service to Hong Kong and Singapore and onboard new banking partner Standard Chartered.
18 February 2016
The European Commission is examining whether virtual currencies need to be regulated in the wake of last November's terrorist attacks in Paris, but is currently more focused on monitoring the likes of bitcoin than on rushing out new rules.
29 January 2016
Dutch authorities have arrested 10 men accused of using bitcoin to launder up to EUR20 million made from selling drugs online.
20 January 2016
UK banks are reaching a tipping point in the fight against financial crime, with more than 60% agreeing that there is enough or too much regulation, but inadequate enforcement, according to research from LexisNexis Risk Solutions.
03 December 2015
In the wake of the Paris attacks, France's finance minister, Michel Sapin, says that European authorities need better access to Swift data in the fight against terrorism.
24 November 2015
US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.
10 November 2015
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