Latest Money Laundering News: Finextra Research

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

Company update/regulation

Commercial Banking Applications introduces real-time sanctions screening

Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that the latest release of its IBAS GBF software, including IBAS GPF - Global Payments Factory and IBAS GTF - Global Trade Finance Factory now incorporates two new objects that allow real-time automated checking of business transaction events against Sanction Screening and AML systems.

17 June 2019

Company update/regulation

Refinitiv and Napier team transaction monitoring

Refinitiv has partnered with Napier, a leading anti-money laundering (AML) and intelligent compliance software provider, to offer a next-generation transaction monitoring solution designed to help corporates and financial institutions tackle money laundering and combat emerging threats in financial crime.

13 June 2019

News/Money Laundering

ABN Amro takes stake in financial crime outfit Thetaray

ABN Amro's Digital Impact Fund has taken an undisclosed stake in Israeli Big Data analytics firm Thetaray.

12 June 2019

News/ai

HSBC ramps up artificial intelligence efforts with Element AI partnership

HSBC is working with Canadian artificial intelligence firm Element AI to help analyse data from clients of its Global Banking and Markets (GMB) unit.

10 June 2019

Company update/regulation

Refinitiv expands digital KYC offerings to retail banking and wealth management

Refinitiv is set to expand its suite of financial crime solutions into the wealth industry as increased scrutiny from regulators and the demand for a more frictionless client experience from investors drive the need for more digital Know-Your-Customer (KYC) and onboarding processes.

06 June 2019

Company update/Money Laundering

Chainalysis partners Lendingblock for compliance push

Chainalysis, the blockchain analysis company, is working with Lendingblock, the institutional lending exchange for digital assets, to implement anti-money laundering technology and best practices in anticipation of global regulatory guidance from the Financial Action Task Force (FATF).

06 June 2019

Company update/regulation

Hinckley & Rugby Building Society rolls out iFinancial AMLtrac

Hinckley & Rugby Building Society have gone live on iFinancial’s AMLtrac Anti- money Laundering Software Solution. The building society, which has been established for over 150 years, is using the software as part of their KYC and on- boarding procedures as well as to monitor and track movements across customer accounts to ensure that they are performing in accordance with expectations.

04 June 2019

Company update/ai

Refinitiv and Trulioo join forces to fight financial crime

Refinitiv, a worldwide provider of financial markets data and infrastructure, and Trulioo, a leading global identity verification provider, today announced a strategic partnership that will enhance and expand access to digital identity solutions to help foster financial inclusion and fight financial crime.

04 June 2019

Company update/regulation

Exiger makes management appointments

Exiger, the global leader in technology-enabled regulatory, financial crime, risk and compliance solutions, has appointed Joseph M. Quiazon to serve as Exiger's Asia Pacific (APAC) Head of Financial Crime Compliance (FCC).

03 June 2019

News/Money Laundering

Innovation driving digital acceleration in Latin America

Swift's Latin American Regional Conference (LARC) explored how banks in the region are looking to increase digitisation, while managing cyber and compliance challenges.

29 May 2019

News/Money Laundering

N26 under fire from BaFin over money laundering failures

German app-only bank N26 has been reprimanded by regulatory body BaFin for lax anti-money laundering controls.

22 May 2019

News/Money Laundering

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

21 May 2019

Company update/ai

Leading Point taps Daric AI for anti-financial crime platform

Specialist Data-Driven Business Solutions company Leading Point FM will apply and augment Daric’s Artificial Intelligence (AI) platform to provide lean, accelerated solutions for Anti-Financial Crime to serve both established Financial Institutions and challenger FinTechs.

21 May 2019

Company update/regulation

Atom Bank selects TruNarrative for AML compliance

TruNarrative are proud to announce their latest partnership with the UK’s first bank built exclusively for mobile or tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution.

17 May 2019

Company update/regulation

Fenergo institutes API integration to Refinitiv World-Check One

Facilitating the flow of legal entity and counterparty information between banks and data providers to counteract financial crime, bribery and corruption is critical. Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions, has partnered with Refinitiv, global provider of financial markets data and infrastructure, to enable customers to more efficiently identify risk.

15 May 2019

Company update/security

Atom Bank picks TruNarrative tech for financial crime protection

TruNarrative are proud to announce their latest partnership with the UK’s first bank built exclusively for mobile or tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution.

10 May 2019

Company update/regulation

Mercury Payment Solutions and Arion Bank select Fiserv AML tech

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk.

02 May 2019

News/Money Laundering

Fenergo to deploy blockchain-based KYC utility in Bahrain

Fenergo has begun work with Bahrain’s Electronic Network for Financial Transactions (Benefit) to design and implement a national Know Your Customer (KYC) utility that incorporates blockchain technology.

01 May 2019

News/security

In wake of money laundering scandal, Swedbank creates financial crime unit

Swedbank has put its head of Group IT, Anders Ekedahl, in charge of a new dedicated anti-financial crime (AFC) unit set up in response to a money laundering scandal being probed by regulators.

25 April 2019