Money Laundering

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/Money Laundering

ForeignExchange.com chooses Sphonic for risk management

London based ForeignExchange.com today announces that it has selected RegTech services from Sphonic to manage risk and regulation, leveraging its innovative suite of services.

Global banks and R3 test DLT for KYC services

/Money Laundering

Global banks and R3 test DLT for KYC services

BBVA, ING and UBS are among the R3 member banks that have been working on a proof-of-concept for a distributed ledger technology-based shared KYC registry.

/Money Laundering

Latvia's Norvik Banka to fight financial crime with Fico

Analytic software firm FICO announced today that Norvik Banka, one of the oldest commercial banks in Latvia, will use the FICO® TONBELLER® Compliance Solutions to fight money laundering and financial crime.

Latin American banks turn to Swift to combat de-risking threat

/Money Laundering

Latin American banks turn to Swift to combat de-risking threat

Eight Latin American central banks have signed up to adopt Swift's sanctions screening service and KYC Registry in an effort to combat the threat posed to the region by de-risking measures imposed in correspondent banking relationships.

/Money Laundering

BFC Bank signs with iFinancial for AMLtrac

UK-based core banking and anti-money laundering software vendor International Financial Systems (iFinancial) has signed BFC Bank for its anti-money-laundering tool AMLtrac.

/Money Laundering

Ixaris to remotely verify UBOs via iSignthis

iSignthis Ltd (ASX : ISX) is pleased to announce the commencement of their ‘key controller’ digital KYC service, with global payments expert, Ixaris.

/Money Laundering

Trulioo extends AML/KYC footprint to 60 countries

Trulioo, the leading global identity verification company, today announced that it now offers real-time identity verification coverage in 60 countries through its GlobalGateway platform.

/Money Laundering

BAE Systems lifts the lid on how dirty money moves

BAE Systems’ new report discusses how laundered money now represents between two and five per cent of the global Gross Domestic Product - equivalent to the fifth largest economy in the world.

RegTech startup ComplyAdvantage raises $8.2m

/Money Laundering

RegTech startup ComplyAdvantage raises $8.2m

ComplyAdvantage, a London-based regtech startup which uses artificial intelligence and machine learning to help firms meet AML and terrorst financing rules, has raised $8.2 million in a Series A funding round led by Balderton Capital.

/Money Laundering

FCA slaps £3.25 million fine on Sonali bank for AML failings

The Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days.

/Money Laundering

Accuity and Kyriba form corporate sanctions screening alliance

Kyriba Corp., the global leader in cloud-based treasury, payments, cash and risk management solutions, today announced its partnership with Accuity, the leading provider of financial crime compliance, payments and financial counterparty know-your-customer (KYC) solutions.

/Money Laundering

Nordea Bank goes live with Swift Data Quality service

SWIFT today announced that Swedish financial services group, Nordea Bank AB, has become the first subscriber to its new Payments Data Quality service, an advanced reporting and data analytics solution that helps financial institutions comply with new requirements stemming from the Financial Action Task Force’s (FATF) Recommendation 16.

/Money Laundering

Novum Bank deploys Jumio's Netverify to speed client onboarding

Jumio, the leader in digital ID verification, today announced that Novum Bank Limited, an ambitious and fast growing Malta-based bank that offers loans and prepaid cards, is now using Jumio’s Netverify to enable a swift, secure and more diligent mobile on-boarding of customers within its key German market.

/Money Laundering

Accuity and Bellin to provide compliance screening for corporate treasurers

Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, and BELLIN, a global leader in providing web-based treasury software and services, announced today a new strategic technology partnership to provide integrated sanction screening and compliance for corporate treasurers.

/Money Laundering

Dash adds full support for AML/KYC compliance with Coinfirm

For the first time, a major digital currency, Dash, has announced the direct cooperation with a blockchain compliance platform provider, Coinfirm.

/Money Laundering

Fico puts financial crime and compliance in the cloud

Leading analytics software firm FICO today announced that its FICO® TONBELLER Compliance Solutions are now available in the FICO® Analytic Cloud.

/Money Laundering

Banks willing to collaborate on shared KYC utility

Financial institutions around the world not only prioritize financial inclusion and financial transparency, but also share the desire to increase data sharing and collaboration with their peers to achieve it, according to a new study by LexisNexis Risk Solutions, a global big data, technology and analytic linking company.

/Money Laundering

ThinkMarkets deploys GBG for automatic client on-boarding

Leading multi-asset trading platform, ThinkMarkets, has implemented GBG’s online verification solution to enhance its account opening and anti-money laundering screening capabilities.

/Money Laundering

Accuity simplifies KYC with new Ultimate Beneficial Ownership Data

Understanding the risk that a financial counterparty represents to a financial institution is critical in deciding whether to continue to do business with an existing counterparty or to form a relationship with a new one.

/Money Laundering

Swift to launch new hosted Name Screening service

SWIFT announces today that it will launch a new hosted cloud service, Name Screening, designed to allow online search engine-style lookup of individual names. Developed to address the needs of small to midsized banks, investment managers and corporates, the service will complement Sanctions Screening, SWIFT’s hosted transaction screening tool.

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