Latest Money Laundering News: Finextra Research

News/crypto

PayPal doubles down on crypto-compliance platform TRM Labs

Cryptocurrency compliance and risk management platform TRM Labs has closed a $14 Million Series A funding round.

18 June 2021

Research/Money Laundering

The advantage of Machine Learning in preventing fraud

17 June 2021 391 downloads

Research/Money Laundering

Identity verification’s integral position in evolving digital transformation

15 June 2021 326 downloads

Company update/crime

Global spend on financial crime compliance at financial institutions reaches $213.9 billion

LexisNexis Risk Solutions today released its annual True Cost of Financial Crime Compliance Global Report.

10 June 2021

Company update/regulation

Kompli-Global stages KYC 'Bake-Off' challenge

With fraudsters becoming increasingly smarter and more collaborative in trying to get round those systems with the weakest links to commit their fraudulent crimes, now more than ever is the time for payments and wider financial services businesses to ensure they have all the right ingredients to stop fraud.

08 June 2021

Company update/regulation

Austrac identifies AML compliance shortcomings at NAB

National Australia Bank Limited (NAB) has been informed by AUSTRAC it has identified serious concerns with NAB’s compliance with the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007.

07 June 2021

Company update/Money Laundering

ITCS Trade to use iDenfy verficiation

iDenfy announced their business partnership with Kazakhastan’s leading Fin-Tech company ITCS Trade Ltd. iDenfy will be providing ID verification solutions for new customers signing up for the ITCS Trade trading platform.

03 June 2021

News/regulation

Sentinels raises EUR5.7m for transaction monitoring platform

Sentinels, the Dutch startup behind an AI-powered transaction monitoring system, has raised EUR5.7 million in a seed funding round.

03 June 2021

News/security

Fraudio raises $3.3m for fraud prevention platform

Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.

28 May 2021

Company update/crime

ThetaRay unveils Sonar

ThetaRay, a leading provider of AI-based Big Data analytics, today launched SONAR, the industry's most advanced financial crime prevention solution for cross-border payments.

24 May 2021

Company update/crypto

Indian crypto exchange CoinDCX deploys AML platform from Coinfirm

CoinDCX, India’s largest crypto asset exchange, have announced their collaboration with leading RegTech and blockchain analytics provider Coinfirm, to deploy the firm’s award-winning AML Platform for strengthening the security of the crypto economy.

20 May 2021

Research/Money Laundering

Five Business Benefits for Analysing and Combatting Fraud

20 May 2021 218 downloads

Company update/regulation

SmartSearch enters non-regulated market

Leading anti-money laundering solution provider SmartSearch has entered the non-regulated market with a new product launch as part of its ongoing business growth.

18 May 2021

Research/Money Laundering

Payments Modernisation: The Cloud Imperative

18 May 2021 575 downloads

Company update/regulation

FinScan brings AML screening into Focus

FinScan, a global leader in anti-money laundering (AML) compliance solutions, today announced the launch of its latest screening engine, Focus.

13 May 2021

News/regulation

N26 faces BaFin scrutiny over money laundering failures

German financial regulator BaFin has ordered mobile bank N26 to fix problems with its IT monitoring and customer due diligence to prevent money laundering and terrorist financing.

12 May 2021

Company update/regulation

ClearBank chooses Napier transaction screening tech

Napier, the London-based provider of next-generation anti-financial crime compliance solutions, has announced that it will be providing ClearBank, the cloud-based clearing bank, with its advanced Transaction Screening system.

11 May 2021

Company update/regulation

Trine taps Onfido for onboarding process

Trine, a Swedish-based investment platform, has partnered with Onfido, the global identity verification and authentication company, to accelerate user onboarding, making it quicker and easier for investors to verify their identity during the onboarding process.

11 May 2021

Company update/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.

11 May 2021

Company update/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.

10 May 2021