Money Laundering

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Dutch authorities call for crypto exchange licensing regime

/regulation

Dutch authorities call for crypto exchange licensing regime

The Dutch central bank and financial services regulator say that the country must introduce a licensing regime for crypto exchanges and wallet providers in order to tackle money laundering and terrorist financing.

/regulation

Encompass partners Bisnode to improve KYC data coverage in the Nordics

encompass corporation, a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, today announces a strategic partnership with Bisnode, Europe’s leading provider of data and analytics, to enable it to deliver state-of-the-art information and customer onboarding services to financial institutions in the Nordic region.

EBA urges EU rules on crypto-assets

/Money Laundering

EBA urges EU rules on crypto-assets

The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.

/security

Trulioo extends ID verification suite to the Czech Republic and Slovakia

Trulioo, the leading global identity verification company, announced today that it now verifies customers in the Czech Republic and Slovakia through its electronic identity verification platform, GlobalGateway – helping to mitigate money laundering and fraud in two of the world’s fastest growing markets.

/regulation

Hong Kong central bank fines JPMorgan Chase for money laundering failures

The Monetary Authority reprimands and fines JPMorgan Chase Bank, National Association, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

/regulation

UBS fined $15 million for AML ovesight failings

FINRA announced today that it has fined UBS Financial Services Inc. (UBSFS) $4.5 million and UBS Securities LLC (UBSS) $500,000 for failing to establish and implement anti-money laundering (AML) programs reasonably designed to monitor certain high-risk transactions in customer accounts.

/Money Laundering

Ex-Thomson Reuters KYC executive joins Delta Capita

Delta Capita, the international FS consulting and managed services firm, has hired Tracey Allen to lead the client experience team for their KYC business line.

/Money Laundering

UAE Banks Federation convenes on KYC and blockchain

The CEOs Advisory Council of the UAE Banks Federation (UBF) held its 4th meeting this year today (December 17, 2018), to discuss and review the progress of UBF's future and ongoing initiatives.

UAE positive on KYC utility tests

/Money Laundering

UAE positive on KYC utility tests

Regulatory authorities and banks in Abu Dhabi have recorded tangible benefits from trials of a shared Know Your Customer utility underpinned by distributed ledger technology.

/ai

Pelican launches sanctions 'self-learning' AI tool

Pelican, a global provider of AI-powered payments and financial crime compliance systems for banks and corporates, has launched a breakthrough sanctions self-learning module capable of delivering significant reductions in false positive rates (FPRs).

/Money Laundering

Fourteen French corporates complete regional CordaKYC trial

Enterprise blockchain software firm, R3, today announced that 14 French corporates have completed a trial of the CordaKYC application built on the Corda blockchain platform and hosted on Microsoft Azure.

/regulation

Fintech incubator APPx Group inks KYC deal with encompass

encompass corporation (“encompass”), a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, is pleased to announce that it has been selected by APPx Group Holdings, Inc. (“APPx”) (CSE:APPX), a Canada-based Fintech incubator and leader in diversified Blockchain 2.0 development, to support and enhance its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) processes in line with regulatory requirements.

/ai

Cathay Bank selects QuantaVerse AI financial crime tech

QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced it has signed an agreement with Cathay General Bancorp, a holding company for Cathay Bank, a California state-charted bank.

/regulation

Cryptocurrency exchange Binance picks Refinitiv for KYC automation

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume.

/regulation

Acuris Risk Intelligence and FinScan form AML alliance

Acuris Risk Intelligence, an independent provider of data intelligence for Anti-money Laundering (AML), Anti-Corruption and Cyber Security; and FinScan, a global leader in AML compliance solutions, have joined forces to deliver an integrated platform for seamless and efficient watch list screening and customer due diligence.

/regulation

Encompass adds global biometric identity verification to KYC platform

encompass corporation (“encompass”), a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, is pleased to announce that it now offers global biometric identify verification (IDV) and document authentication on its platform.

/Money Laundering

UOB collaborates with Intel on AML analytics project

United Overseas Bank (UOB) today announced it has collaborated with Intel to successfully test how federated advanced data analytics can enhance cross-border anti-money laundering (AML) efforts.

/Money Laundering

Fenergo expands into private banking and wealth management

Fenergo, the leading provider of Client Lifecycle Management solutions (CLM) and services for financial institutions, has announced its expansion into Private Banking and Wealth Management, with the creation of a new division lead by Steve D’Souza.

Cyprus embarks on new era of blockchain technology

/Money Laundering

Cyprus embarks on new era of blockchain technology

Invest Cyprus, the country’s national investment partner, has signed an MoU with public blockchain service creator VeChain Foundation and blockchain project strategy advisory Cream to introduce DLT in Cyprus.

/regulation

Natixis to deploy Fenergo CLM

Fenergo, the leading provider of Client Lifecycle Management (CLM) software solutions for financial institutions, will deploy its flagship platform, Fenergo CLM, across Natixis’ Corporate and Investment Banking division globally.

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