Latest Money Laundering News: Finextra Research

Company update/crime

Owner of bitcoin exchange sentenced to prison for money laundering

A Bulgarian national who was convicted by a federal jury for his role in a transnational and multimillion-dollar scheme to defraud American victims was sentenced today to 121 months in prison.

13 January 2021

Company update/regulation

OCC terminates Wells Fargo AML consent order

Wells Fargo & Company (NYSE: WFC) today announced that the Office of the Comptroller of the Currency (OCC) has terminated a 2015 consent order related to the company’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.

06 January 2021

Company update/regulation

Fenergo automates client onboarding for Mizuho Americas

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces that Mizuho Americas has deployed Fenergo’s software to automate Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory processes, digitalize workflows and accelerate client onboarding onto a single platform.

06 January 2021

Company update/crime

Credit Suisse professes "astonishment" at Swiss money laundering charges

Credit Suisse takes note with astonishment of the decision of the Office of the Attorney General of Switzerland to bring charges against the bank and other parties in an investigation that has already lasted more than twelve years.

18 December 2020

Company update/regulation

IComply updates KYC platform

iComply Investor Services (“iComply”), a global compliance software provider, is announcing that it is launching an updated version of its iComplyKYC platform for digital compliance administration that now supports the onboarding and authentication of legal entities and natural persons as a part of its all-in-one compliance solution.

16 December 2020

Company update/Money Laundering

Mansfield Building Society signs for iFinancial's AMLtrac

Mansfield Building Society have signed for iFinancial’s Anti Money Laundering Software, AMLtrac, as a cornerstone of their compliance strategy and procedures.

16 December 2020

Company update/crime

Danske Bank deploys Quantexa’s AI platform for financial crime detection

Quantexa, the data and analytics software company pioneering contextual decision intelligence, announced today its AI-based technology is supporting Danske Bank as it enhances its Anti-Money Laundering (AML) monitoring and investigation capabilities.

16 December 2020

Company update/crime

Facial recognition vendor Facepoint joins Nice Actimize X-Sight marketplace

NICE Actimize, a NICE business (Nasdaq: NICE) today announced that FACEPOINT, which launched an industry-leading biometric risk screening engine, has joined the X-Sight Marketplace, bringing its cutting-edge facial recognition technology for advanced KYC and watch list risk screening to the ecosystem.

15 December 2020

Company update/regulation

Nice Actimize taps facial recognition or AML/KYC risk screening

Nice Actimize, a Nice business (Nasdaq: NICE) today announced that FACEPOINT, which launched an industry-leading biometric risk screening engine, has joined the X-Sight Marketplace, bringing its cutting-edge facial recognition technology for advanced KYC and watch list risk screening to the ecosystem.

14 December 2020

Company update/regulation

EBA identifies means to strengthen legal aspects of deposit protection from AML

The European Banking Authority (EBA) published today an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection.

14 December 2020

Company update/crime

Seon joins TruNarrative app store

SEON, the fraud fighters, today announces it has partnered with leading UK RegTech platform, TruNarrative, allowing TruNarrative users to leverage SEON’s extensive data to make informed onboarding decisions.

14 December 2020

Research/Money Laundering

Managing Compliance and Growth

14 December 2020 357 downloads

Company update/people

Coinfirm names Marc McCord director, sales, New York

Coinfirm is proud to welcome Marc McCord who has just joined the firm as the firm’s Director of Sales in New York.

11 December 2020

News/crime

Prosecutors investigate UBS boss over ING money laundering case

A Dutch court has ordered a criminal investigation into UBS CEO Ralph Hamers' role in a money laundering scandal at his previous employer, ING.

10 December 2020

News/regulation

Gleif plans digital service

The body responsible for managing the implementation of the Legal Entity Identifier (LEI) has announced plans to develop a digital version that can be rolled out across multiple sectors beyond the financial services market.

10 December 2020

Company update/regulation

Know Your Customer and Refinitiv collaborate on client onboarding

Award-winning RegTech provider Know Your Customer is partnering with Refinitiv, a world-leading provider of financial markets data and infrastructure, to integrate Refinitiv’s World-Check risk intelligence data into Know Your Customer’s client onboarding solutions.

09 December 2020

Company update/startups

Identity platform IDnow gets €15m boost from EIB

The European Investment Bank (EIB) will provide €15 million of growth funding to the German identity verification platform IDnow.

08 December 2020

News/regulation

UOB boosts AML efforts with AI

UOB is hailing the accuracy of its new AI anti-money laundering technology in helping the Singaporean bank cut through large volumes of transactions to pinpoint suspicious activities.

07 December 2020

Company update/crime