Money Laundering

413 articles tagged with this keyword

/regulation

Robinhood Crypto hammered by New York watchdog over litany of compliance failures

Robinhood's crypto unit (RHC) has been slapped with a $30 million fine by New York State Department of Financial Services for "significant" anti-money laundering, cybersecurity and consumer protection violations.

/crypto

Dutch Central Bank fines Binance EUR3.3m

The Dutch central bank has fined cryptocurrency exchange Binance EUR3.325 million for offering it services in the Netherlands without registration.

/regulation

Canadian banks team on KYC solution

Some of Canada's biggest banks are joining forces with market and infrastructure services provider CanDeal to set up a centralised KYC offering for the capital markets industry.

/regulation

UK removes AISPs from AML regulation

The UK government has decided to remove account information service providers (AISPs) from anti-money laundering regulation.

/regulation

Elucidate raises $8 million to help banks counter surging financial crime

Elucidate, a Berlin-based financial crime risk management platform, has raised $8 million in a funding round led by AV8 Ventures.

/sustainable

Carbonplace and Visa team on carbon credit transfer pilot

Carbonplace, the bank-backed DLT-based carbon credit settlement platform, has successfully carried out a pilot transfer with payments giant Visa.

/regulation

New York regulator tells crypto firms to use blockchain analytics

Cryptocurrency firms should use blockchain analytics tools to guard against financial risks and suspicious activities, a senior New York State regulator has said.

/regulation

First AML launches in the UK

New Zealand-based anti-money laundering technology scaleup First AML has launched in the UK as it seeks to take advantage of a 'perfect storm' of events boosting interest in its platform.

/regulation

FCA warns challenger banks on financial crime checks

Some UK challenger banks are failing to conduct adequate checks on new customers and need to improve their financial crime assessments, according to an FCA review.

/crypto

Commerzbank applies for crypto custody licence

Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

/identity

Seon raises $94 million to help fintechs meet sanctions obligations

Anglo-Hungarian fraud prevention startup Seon has raised $94 million to expand across the US, Latin America and Asia Pacific and to develop tools to help firms meet sanctions obligations.

/identity

London Stock Exchange acquires KYC specialist Global Data Consortium

London Stock Exchange Group (LSEG) is continuing its acquisition spree, buying digital ID firm Global Data Consortium to help clients with know your customers requirements.

/crypto

EU lawmakers back tougher crypto AML rules

European Parliament members have voted to outlaw anonymous cryptocurrency transactions as part of an EU anti-money laundering package.

/regulation

Bank of Italy bans N26 from onboarding new customers over AML failings

The Bank of Italy has imposed a ban on the recutiment of new customers by digital bank N26 following an on-site inspection which uncovered lax money laundering controls.

/regulation

UK regulators publish slew of papers on cryptoasset regulation

The Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) have released a raft of documents warning financial institutions of their responsibilities around cryptoassets and the direction of regulation in the space.

/crime

HSBC Ventures joins investment round in Silent Eight

AI-based financial crime compliance outfit Silent Eight has closed a $40m Series B funding round, which welcomed HSBC Ventures, the firm’s latest customer, as an investor.

/crime

Estonian AML pilot shows what’s possible when tackling FinCrime

An AML pilot which saw ten Estonian banks take part in a country-wide initiative to tackle financial crime has been lauded as a success by participating banks, preventing up to €3 million from reaching criminal-controlled accounts.

/startups

KBC launches AI fintech

Belgian bank KBC has launched its own fintech to sell the AI applications it has developed to third parties.

/crypto

FCA orders closure of all UK crypto ATMs

The UK's Financial Authority says that any cryptocurrency ATMs operating in the UK are doing so illegally and that they must be shut down.

/crypto

FCA raises concerns over Binance tie-up with UK-regulated business

The Financial Conduct Authority has again raised concerns about Binance after the crypto group completed a deal that effectively gives it control of a UK regulated company.