Money Laundering

1137 articles tagged with this keyword

/people

Encompass appoints KYC industry leadership team

Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has appointed senior industry experts to a Transformation team charged with ensuring banks reap the benefits of automation initiatives.

/regulation

Elucidate raises $8 million to help banks counter surging financial crime

Elucidate, a Berlin-based financial crime risk management platform, has raised $8 million in a funding round led by AV8 Ventures.

/regulation

VP Bank selects Ripjar’s Labyrinth Screening Platform

Ripjar, the trusted provider for tackling financial crime, today partners with Liechtenstein-based VP Bank to bolster its media screening capabilities in the fight against criminal behaviour.

/sustainable

Carbonplace and Visa team on carbon credit transfer pilot

Carbonplace, the bank-backed DLT-based carbon credit settlement platform, has successfully carried out a pilot transfer with payments giant Visa.

/regulation

Piraeus Securities goes live with Scila market surveillance tech

Scila and Athens Exchange Group co-operates to offer a SaaS solution based on Scila Surveillance for both Buy and Sell side members of the Athens exchange. Piraeus Securities S.A. is the first customer of the new service to go-live.

/crime

BAE NetReveal risk scoring enhanced by new alliance with Dun & Bradstreet

BAE Systems Digital Intelligence, a leading global provider of anti-money laundering (AML) and counter-fraud solutions, today announced a new alliance with Dun & Bradstreet, a leading global provider of business decisioning data and analytics, designed to help NetReveal clients to accelerate and enhance compliance and customer onboarding.

/regulation

New York regulator tells crypto firms to use blockchain analytics

Cryptocurrency firms should use blockchain analytics tools to guard against financial risks and suspicious activities, a senior New York State regulator has said.

/regulation

First AML launches in the UK

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.

/identity

Banxy speeds up onboarding with Shufti Pro

UK-based Shufti Pro, an innovator in identity verification solutions, today announced that it has entered into a strategic partnership with the leading Algerian mobile bank, Banxy, to provide a frictionless and secure onboarding experience for new and existing clients.

/Money Laundering

Can you afford compliance?

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/regulation

FCA warns challenger banks on financial crime checks

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.

/crypto

Commerzbank applies for crypto custody licence

Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

/regulation

Themis raises $9m

Themis, a collaborative governance, risk, and compliance platform, announced today it has secured $9M in seed investment to solve compliance and risk challenges stemming from cross-sector and cross-border partnerships.

/identity

Seon raises $94 million to help fintechs meet sanctions obligations

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.

/crime

Blockchain technology enterprise OwlTing bolsters AML defenses with Napier

Napier, provider of leading anti-financial crime compliance solutions, announced that OwlTing Group, a blockchain technology enterprise, is the latest to leverage Napier’s AI-enhanced technology solutions to develop an effective financial crime compliance system, which improves its anti-money laundering (AML) and counter-terrorist financing (CTF) defenses and meets relevant regulatory requirements.

/crime

Oldenburgische Landesbank AG selects Inform's RiskShield for AML monitoring

INFORM and the Oldenburgische Landesbank AG (OLB) have embarked on a new project to implement RiskShield, a multichannel risk assessment, fraud detection and AML compliance monitoring solution, across several different channels within the financial institution’s operations.

/identity

London Stock Exchange acquires KYC specialist Global Data Consortium

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.

/crypto

EU lawmakers back tougher crypto AML rules

European Parliament members have voted to outlaw anonymous cryptocurrency transactions as part of an EU anti-money laundering package.

/people

TRM LAbs names Chris Janczewski head, global investigations

TRM Labs, the leading provider of cryptocurrency anti-money laundering (AML) and investigations software, announced today that former IRS-Criminal Investigations (IRS-CI) Special Agent Chris Janczewski has joined TRM as Head of Global Investigations, bringing extraordinary investigative expertise to the next generation blockchain intelligence company.

/regulation

Bank of Italy bans N26 from onboarding new customers over AML failings

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.