Money Laundering

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/regulation

SmartSearch expands into Europe

Leading UK anti-money laundering (AML) firm SmartSearch is launching in the Netherlands, introducing its innovative digital solution to a second international market within 12 months.

/crime

EBA consults on proposals for a central AML/CFT database

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in the EU.

/regulation

Swedbank fined SEK46.6 million by Nasdaq Stockholm for compliance failures

The Disciplinary Committee at Nasdaq Stockholm today ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million.

/regulation

Hubuc to utilise AML screening tech from ComplyAdvantage

Next generation banking-as-a-service platform, HUBUC, has partnered with the hyper-scale Anti-Money Laundering (AML) and risk detection provider ComplyAdvantage to integrate its innovative compliance and security screening technology.

/regulation

Acuant buys Hello Soda

Acuant, the global trusted identity platform for fraud prevention and AML compliance, today announced the completion of the acquisition of Hello Soda as part of their continued investment and commitment to innovative technology.

/identity

SmartSearch unveils TripleCheck verification

Financial crime and ID fraud protection expert SmartSearch U.S. has launched a ground-breaking new digital solution to combat money laundering in regulated sectors such as financial services.

/crime

AML Analytics introduces Red Flag Tests

As part of its expansion of anti-money laundering (AML) solutions for transaction monitoring systems, AML Analytics has announced the launch of Red Flag Tests.

/regulation

ComplyAdvantage announces AML programme for early-stage startups

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced a new early-stage anti-money laundering (AML) program aimed at growth-focused startups called ComplyLaunch™. The program provides qualified startups with free access to the company’s award-winning AML and Know Your Customer (KYC) tools and resources needed to uncover and reduce the threat of money-laundering activities so they can onboard new customers with lower risk and greater trust.

/security

SQA Consulting creates UK jobs with new JV

SQA Consulting, the business and technology transformation and financial crime prevention (anti-money laundering) software company, working with ABC TECH Group has established a joint venture company, SQA Consulting SEE in Bosnia and Herzegovina. The new company will create 75 UK-based new jobs.

SteelEye exploits AI to sniff-out market abuse

/crime

SteelEye exploits AI to sniff-out market abuse

Compliance technology and data analytics firm SteelEye is tackling market abuse and communications monitoring with new lexicon technology.

/crime

ABN Amro pays €480 million in settlement of AML violations

Today ABN AMRO Bank N.V. (ABN AMRO) announced that it has accepted a settlement offer from the Dutch Public Prosecution Service (DPPS) in connection with the previously announced investigation by the DPPS into ABN AMRO's compliance with its obligations under the Dutch Anti-Money Laundering and Counter Terrorism Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, AML/CTF Act) between 2014 and 2020.

/regulation

Gemini chooses ComplyAdvantage AML tech

Today, ComplyAdvantage, a global data technology company transforming financial crime detection announced that Gemini, a leading crypto exchange and custodian selected ComplyAdvantage’s hyperscale platform for anti-money laundering risk management.

/regulation

North American Bancard taps Hawk.AI for AML compliance

North American Bancard Holdings, LLC (NAB), a payments technology company with an advanced product platform, and HAWK:AI (HAWK AI GmbH), a global leader in real-time transaction screening and monitoring solutions for financial institutions, today announced a partnership that will strengthen NAB’s Anti-Money-Laundering (AML) compliance through real-time transaction monitoring, applying machine learning in combination with classic rule-based approaches.

Rabobank and ABN Amro target privacy-friendly data analysis

/crime

Rabobank and ABN Amro target privacy-friendly data analysis

ABN Amro and Rabobank are working with research outfit TNO to test technology that lets banks share data used for detecting financial crime while still respecting clients' privacy.

EBAday 2021: Will the European Council’s latest endorsement boost corporate instant payments?

/payments

EBAday 2021: Will the European Council’s latest endorsement boost corporate instant payments?

The European Council recently backed the creation of an integrated and instant system for retail payments, interoperable across all EU member states.

/identity

TrustID launches one-stop KYC service

TrustID, a leading expert in identity document verification, has launched its all-inclusive Know Your Customer (KYC) and Anti-Money Laundering (AML) service aimed at regulated businesses across all sectors and high-value retailers.

/crime

Crypto firms in the UK must now submit annual financial crime reports to the FCA

This policy statement summarises our proposal to increase the number of firms who need to submit the annual financial crime report, which we refer to as ‘REP-CRIM’.

/regulation

Nordstjernan to invest inSwedish fintech company Roaring

Nordstjernan is to invest in the rapidly expanding fintech company Roaring and, with a shareholding of just over 20 percent, will become a partner to the founders and existing shareholders on the company’s continued growth journey.

/regulation

Kyckr and BAE Systems partner on KYC

Kyckr Limited (ASX:KYK) (Kyckr or the Company), a B2B information services company is pleased to announce its partnership with BAE Systems Applied Intelligence, a proven enterprise solution provider of advanced analytics, to jointly address anti-money laundering and compliance challenges of regulated firms by delivering accurate and efficient know-your-customer (KYC) and customer due diligence (CDD) solutions.

/regulation

FCA starts criminal proceedings against NatWest for money laundering ofences

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under the Money Laundering Regulations 2007 (MLR 2007).

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