413 articles tagged with this keyword
News/Money Laundering
Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.
19 March 2014
The Monetary Authority of Singapore (MAS) is to regulate virtual currency intermediaries in Singapore to address potential money laundering and terrorist financing (ML/TF) risks.
13 March 2014
Interbank messaging network Swift has recruited a group of major banks to help develop its centralised KYC utility for the collection and distribution of standard information required by banks as part of their due diligence processes.
04 March 2014
Strevus, a San Francisco-based startup providing data sharing risk and compliance management technology to financial service institutions, has raised $5.6 million in a series a funding round led by Blumberg Capital.
19 February 2014
Nigeria's banks have embarked on a massive biometrics project, registering the fingerprints and facial features of customers in a bid to fight fraud and money laundering.
17 February 2014
Plans floated by New York regulators to issue 'BitLicenses' specifically tailored to virtual currencies, drew mixed responses from industry players at a hearing this week.
31 January 2014
Bank boardroom focus on money laundering is at an all-time high, yet a third of executives think that their transaction monitoring systems are neither efficient nor effective, according to a survey from KPMG.
29 January 2014
US prosecutors have charged BitInstant CEO Charlie Shrem and an accomplice with running a scheme to sell over $1 million in bitcoins to users of the underground Silk Road marketplace.
27 January 2014
Switzerland-based KYC Exchange has launched a Web-based communication platform for Know Your Customer (KYC) and Customer Due Diligence (CDD) data sharing for the international banking community
17 January 2014
Financial messaging network Swift has announced the creation of a global Know Your Customer (KYC) Registry to help banks to manage compliance challenges and reduce the high costs associated with implementing anti-money laundering regulations.
07 January 2014
India's largest bitcoin exchange, BuySellBitCo.in, has shut up shop after the country's central bank issued a statement warning about the risks of using virtual currencies.
02 January 2014
China's central bank has finally had its say on bitcoin, ruling that it is not a proper currency and banning financial institutions from handling it.
05 December 2013
The co-founder of Liberty Reserve, a digital currency outfit described by authorities as the criminal underworld's "bank of choice", has pleaded guilty to money laundering charges.
01 November 2013
Financial messaging network Swift is looking to extend its remit to the emerging regulatory landscape, pitching its shared market infrastructure as a cost-effective means for financial institutions to ease the compliance burden.
17 September 2013
Representatives from the bitcoin community met UK government officials in Downing Street this week amid claims that the Financial Conduct Authority is considering regulating the virtual currency.
06 September 2013
The Bitcoin Foundation is warning users that a security vulnerability is leaving any currency stored in Android wallets open to theft.
12 August 2013
With virtual currencies such as bitcoin catching the eye of governments, several firms in the field have banded together in a bid to create a self-regulatory organisation covering the nascent industry.
30 July 2013
Liberty Reserve has been shut down and its founder arrested over claims that the digital currency outfit was used by crooks to launder more than $6 billion.
29 May 2013
UK government officials met yesterday to discuss the security and tax implications of virtual currency bitcoin, according to the Financial Times.
14 May 2013
Recently-reopened US bitcoin exchange Tradehill has moved to beef up its security through a partnership with online identity verification start-up miiCard.
02 May 2013
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