Latest Money Laundering News: Finextra Research

Company update/crime

Swedbank integrates anti-financial crime into group products and advice

In order to further increase Swedbank’s ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.

25 April 2024

News/regulation

ComplyAdvantage buys Golden to boost financial crime intelligence

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

24 April 2024

News/crime

Turkish crypto chief starts 11,196-year prison sentence

Faruk Fatih Ozer, the former boss of failed Turkish cryptocurrency exchange Thodex, has started a lengthy jail sentence after he was found guilty of defrauding investors in a multimillion dollar fraud.

03 April 2024

News/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024

What’s AML? Understanding anti-money laundering and counter-terrorism financing

Long read/Money Laundering

Dominique Dierks Content Manager at Finextra

What’s AML? Understanding anti-money laundering and counter-terrorism financing

22 March 2024

News/crime

MPE 2024: AI-driven misinformation and consumer education in fraud

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.

15 March 2024

Company update/regulation

SteelEye incorporates in Singapore

SteelEye, the first truly integrated surveillance platform trusted by well over 150 financial firms globally, has strengthened its footprint in the Asia-Pacific (APAC) region by incorporating in Singapore, enabling closer collaboration with clients and regulatory authorities.

12 March 2024

Company update/regulation

Wolters Kluwer releases cloud-based AML module for CCH iFirm in the UK

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform.

11 March 2024

Company update/wholesale

FCA firms about common failings we have found in firms’ financial crime controls

We have today warned firms about common failings we have found in firms’ financial crime controls.

06 March 2024

Company update/payments

Landsbankinn in Iceland connects to Swift's Transaction Screening Service

Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.

05 March 2024

Company update/regulation

Unit21 launches AI-powered tools for AML and fraud analysts

Unit21, a leading provider in Fraud and AML solutions, today unveiled its new AI-powered features at Fintech Meetup.

04 March 2024

News/regulation

Paytm Business Bank fined on money laundering charges

Paytm's banking business has been fined 55 million rupees (about $663,000) by an Indian regulator on money laundering charges.

04 March 2024

News/payments

NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

01 March 2024

Company update/people

BBVA's Anna Di Censo joins Wirex

Wirex, a leading digital payment platform, is thrilled to announce the appointment of Anna Di Censo, a distinguished tier-1 talent from the traditional banking sector, as the new Money Laundering Reporting Officer (MLRO) for Italy.

01 March 2024

Company update/regulation

Themis launches AI-powered bot on AML platform

Themis continues to lead in applying innovative technology to the fight against financial crime, with the launch of a cutting-edge, AI-powered chatbot integration for its AML/KYC Platform.

27 February 2024

Company update/regulation

AU10TIX launches KYB tech

AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses.

27 February 2024

News/regulation

Frankfurt wins race to host new EU anti-money laundering agency

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

23 February 2024

Company update/crypto

IDnow joins consortium aimed at making crypto assets compliant with new EU regulations

IDnow, a leading identity verification platform provider in Europe, joins a consortium of five partners including the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the Transfer of Funds Regulation (TFR).

13 February 2024

News/payments

MEPs nod through ten second instant transfer rules

The European Parliament has adopted new rules to ensure transferred funds arrive within ten seconds into the bank accounts of retail customers and businesses across the EU.

08 February 2024

Company update/crime

Salv awarded licence to operate as a ‘Closed Service KYC Utility’ service provider.

Leading European Regulatory Technology (RegTech) scale-up Salv has broken new ground by becoming the first technology firm in Europe to secure a regulator-awarded licence to operate as a ‘Closed Service KYC Utility’ service provider.

07 February 2024