413 articles tagged with this keyword
News/regulation
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.
02 August 2022
News/crypto
The Dutch central bank has fined cryptocurrency exchange Binance EUR3.325 million for offering it services in the Netherlands without registration.
18 July 2022
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.
27 June 2022
The UK government has decided to remove account information service providers (AISPs) from anti-money laundering regulation.
16 June 2022
Elucidate, a Berlin-based financial crime risk management platform, has raised $8 million in a funding round led by AV8 Ventures.
11 May 2022
News/sustainable
Carbonplace, the bank-backed DLT-based carbon credit settlement platform, has successfully carried out a pilot transfer with payments giant Visa.
10 May 2022
Cryptocurrency firms should use blockchain analytics tools to guard against financial risks and suspicious activities, a senior New York State regulator has said.
02 May 2022
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.
26 April 2022
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.
22 April 2022
Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.
News/identity
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.
19 April 2022
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.
05 April 2022
European Parliament members have voted to outlaw anonymous cryptocurrency transactions as part of an EU anti-money laundering package.
01 April 2022
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.
30 March 2022
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.
25 March 2022
News/crime
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.
16 March 2022
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.
News/startups
Belgian bank KBC has launched its own fintech to sell the AI applications it has developed to third parties.
14 March 2022
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.
11 March 2022
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.
07 March 2022
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