1132 articles tagged with this keyword
News/crime
Nasdaq is to acquire anti-financial crime group Verafin for $2.75 billion, accelerating the US exchange's evolution into a Saas technology provider.
19 November 2020
Company update/regulation
AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, in a significant expansion of its Global Shareholding Disclosures Solution, today announces the launch of its Sensitive Industries module covering over 600 rules across more than 80 countries.
Nationwide, the world’s largest building society, has joined forces with Accuity, the global compliance provider to start accepting cross-border transactions via Visa Direct.
17 November 2020
The European Banking Authority (EBA) published today an Opinion setting out how prudential supervisors should consider money laundering and terrorist financing (ML/TF) risks in the context of the Supervisory Review and Evaluation Process (SREP).
04 November 2020
The Monetary Authority of Singapore (MAS) is to discontinue the issuance of large denomination $1,000 notes in an effort to curb money laundering.
03 November 2020
Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced ThetaRay as the latest fintech partner to be live on its Marketplace platform.
29 October 2020
Company update/crime
Yesterday, a unique public-private cooperation project initiated by the Bank of Lithuania was given a green light, when the Lithuanian government approved the establishment of the Centre of Excellence in Anti-Money Laundering.
Oracle today announced new cloud services to help mid-sized banks combat money laundering and outsmart financial crime. Oracle Financial Crime and Compliance Management Cloud Service brings two decades of experience in fighting big bank financial crime to an easy-to-manage, cost-effective application suite designed for mid-sized banks.
28 October 2020
Company update/identity
DSBC Financial Group, an international financial institution, and iDenfy, a renowned Lithuania-based identity verification solution provider, join hands to make DSBC Financial Group's platform fully secured from different types of phishing and identity-related frauds.
27 October 2020
The London based E-Money solution for global citizens Privat 3 Money (P3) has selected leading anti-money laundering and intelligent compliance software provider Napier, to integrate enhanced transaction monitoring into the core P3 platform.
News/regulation
Private equity firm Thoma Bravo has agreed to buy a controlling stake in cloud-enabled risk management and regulatory reporting technology outfit AxiomSL. Financial terms were not disclosed.
19 October 2020
AUSTRAC ordered the appointment of an external auditor to Afterpay Australia Pty Ltd (Afterpay) to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act).
14 October 2020
FIMBank, a private Malta-based bank, has enhanced its financial crime risk management (FCRM) capabilities with a platform from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions.
13 October 2020
ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, today announced the launch of its enhanced anti-money laundering (AML) solution.
Appearing at Sibos 2020, Fiona van Echelpoel, deputy director general, ECB, dove into the biggest cyber threats facing financial services as the Covid-19 pandemic continues to unfold.
09 October 2020
A majority of regulated firms are facing penalties for non-compliance with the Fifth Money Laundering Directive (5MLD) according to new research from LexisNexis® Risk Solutions, the global data and analytics provider.
08 October 2020
News/devops
On day 3 of Sibos 2020, the conversation broached the weighty topic of tech execution, drawing links between the fundamental role of data in the ability of technology to reach its potential across financial services.
The Travel Rule Protocol Working Group (TRP Working Group), a global independent industry body of leading virtual asset service providers (VASPs) dedicated to creating standards that adhere to the Financial Action Task Force’s (FATF) R.16 Travel Rule recommendations, is pleased to announce today that it has published Version 1.0.0 of its standard inter-VASP messaging API for Travel Rule data exchange (TRP API).
Almost half of UK banks admit that they are not confident in their systems' abilities to identify signs of human trafficking amongst transactions, according to research from vendor BAE Systems.
07 October 2020
News/security
In a fast paced and solution-oriented presentation, Lucy Kerner, senior principal global cybersecurity evangelist and strategist, Red Hat, outlined a clear set of goals financial institutions can and should work toward in order to address cyber security weaknesses for ‘The cyber resource problem – is it totally unsolvable?’ on day 2 of Sibos 2020.
06 October 2020
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