413 articles tagged with this keyword
News/regulation
A subsidiary of embedded banking platform Railsr is being investigated by the Bank of Lithuania over concerns it has been "grossly and systematically" violating money laundering and terrorist financing laws.
17 February 2023
News/identity
Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.
News/startups
Sikoia, a London-based unified data platform designed to simplify client onboarding and risk evaluation, has raised $6 million in seed funding.
The FCA has joined forces with West Yorkshire Police to shut down illegally-operated crypto ATMs in Leeds.
14 February 2023
Ireland's central bank has fired a shot across the bows of payment and e-money firms after finding "significant deficiencies" in the governance, risk management and control frameworks of some in the sector.
01 February 2023
Coinbase has been fined €3.33 million for providing crypto services in the Netherlands without securing registration with the country's central bank.
26 January 2023
News/crime
Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.
New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.
25 January 2023
News/crypto
US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.
18 January 2023
Relio, a Swiss SME banking startup founded by Lav Odorovic, the co-founder of German digital bank Penta, has raised €3 million.
10 January 2023
Coinbase will pay a $50 million penalty and invest another $50 million in its compliance programme to settle a New York State regulatory investigation into its anti-money laundering practices.
04 January 2023
The FCA has fined Santander UK Plc £107,793,300 after it found gaps in its anti-money laundering controls, affecting its business banking customers.
09 December 2022
Mastercard, Square and Wise are among the members of a new not-for-profit group pushing for a "whole-of-government" approach to supporting Canada's fintech ecosystem.
28 November 2022
Featurespace has secured funding from UK and US governments to develop a prototype privacy-enhancing artificial intelligence system to help banks and payments service providers (PSPs) detect financial crime.
23 November 2022
Dutch challenger bank Bunq has hailed a "landmark" verdict in the Dutch courts over the use of artificial intelligence (AI) for anti-money laundering processes.
18 October 2022
The European Banking Authority has put out a call for tender for blockchain analytics services and crypto-assets market data.
05 October 2022
Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.
06 September 2022
Money transfer firm Wise has been slapped with a $360,000 fine by Abud Dhabi's financial regulator for contravening anti-money laundering rules.
30 August 2022
Abu Dhabi has announced the formation of a government body to develop its strategy for regulating and promoting the world of virtual assets.
26 August 2022
News/payments
Central Bank Digital Currencies (CBDCs) could be the answer to the thousand-year search for the holy grail of cross-border payments, according to a new paper from the ECB.
03 August 2022
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