Money Laundering

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/regulation

Proven Bank deploys Fenergo transaction monitoring to bolster AML compliance

Fenergo, the leading provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), today announced that Caribbean-based PROVEN Bank is deploying Fenergo’s transaction monitoring solution to streamline its anti-money laundering (AML) compliance processes.

ThetaRay boosts AI financial crime detection with Screena acquisition

/ai

ThetaRay boosts AI financial crime detection with Screena acquisition

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.

/regulation

Fed terminates Silvergate Bank enforcement action

The Federal Reserve Board on Friday announced the termination of an enforcement action with Silvergate Bank and its holding company, Silvergate Capital Corporation, both of La Jolla, California.

FCA fines Coinbase unit £3.5m over high-risk customers

/crypto

FCA fines Coinbase unit £3.5m over high-risk customers

The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.

/identity

IDenfy releases automated utility bill verification tool

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution.

Fed fines Green Dot $44m

/regulation

Fed fines Green Dot $44m

The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.

Lithuania fines crypto firm EUR9.3m for Russia sanctions violations

/crypto

Lithuania fines crypto firm EUR9.3m for Russia sanctions violations

Lithuania has fined crypto outfit Payeer a record EUR9.3 million for Russia-related sanction violations and money laundering failures.

Nordea charged over Danish money laundering cases

/crime

Nordea charged over Danish money laundering cases

Denmark officially brought charges to Nordea in the country’s biggest money laundering case to date, stating the bank violated the Danish anti-money laundering act several times between 2012 and 2015.

/crypto

EBA issues 'travel rule' guidelines

The European Banking Authority (EBA) issued today new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

/regulation

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces today that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) compliance processes.

Rabobank joins funding round in Hawk

/ai

Rabobank joins funding round in Hawk

German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.

/crime

BDSwiss signs with Trulioo for watchlist screening

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced a partnership with BDSwiss for Person Match and Watchlist Screening capabilities across EMEA, Asia and the Americas.

BaFin lifts N26 customer onboarding cap

/regulation

BaFin lifts N26 customer onboarding cap

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

BaFin fines N26 €9.2m over late money laundering reports

/regulation

BaFin fines N26 €9.2m over late money laundering reports

German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.

Fraud and AML Case Management: How to Operate at the Speed of Risk

/Money Laundering

Fraud and AML Case Management: How to Operate at the Speed of Risk

389 downloads

/regulation

Etops adopts AML and KYC analytics capabilities from Polixis

Etops, a leading Swiss-headquartered WealthTech, announces strategic partnership with Polixis, the leading AML and KYC data provider.

Canada fines Binance C$6m for AML violations

/regulation

Canada fines Binance C$6m for AML violations

Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for violating money laundering and terrorist financing laws.

Wells Fargo says US investigating Zelle complaint handling

/regulation

Wells Fargo says US investigating Zelle complaint handling

Wells Fargo has joined JP Morgan in revealing that US authorities are investigating the handling of complaints about P2P payments service Zelle.

Binance founder Changpeng Zhao gets four month prison term

/people

Binance founder Changpeng Zhao gets four month prison term

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.

EU expands AML regulation impacting cryptocurrency compliance

/regulation

EU expands AML regulation impacting cryptocurrency compliance

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.

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