Latest Money Laundering News: Finextra Research

Nordic banks explore shared KYC utility

Leading Nordic banks DNB Bank, Danske Bank, Nordea Bank, Svenska Handelsbanken, and Skandinaviska Enskilda Banken have announced plans to set up a KYC utility as a joint venture company to explore the creation of a shared infrastructure for know-your-customer processing.

31 May 2018

Company update/Money Laundering

Nordea takes a caning over delivery of EUR500 notes to foreign exchange bureaux

On Thursday 24 May Operation X, a programme broadcast by the Danish television channel TV2, will put the spotlight on Nordea’s role in delivering foreign exchange to foreign exchange bureaux.

25 May 2018

Company update/Money Laundering

Blue Prism and identitii team up

identitii, the company enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions, today announced a new partnership with Blue Prism (AIM: PRSM), the global market leader in Robotic Process Automation (RPA).

23 May 2018

Company update/Money Laundering

Thomson Reuters harnesses machine learning to screen unstructured data

Thomson Reuters has enhanced its World-Check One platform with the launch of Media Check, a unique media screening and processing feature powered by artificial intelligence (AI) that helps address the regulatory and reputational consequences of overlooking key data in the fight against financial crime.

15 May 2018

Company update/Money Laundering

Muinmos and NorthRow partner for automated onboarding

RegTech software specialist muinmos has partnered with NorthRow, a complementary RegTech compliance software provider, to provide a powerful combined fully automated solution to support client onboarding in the financial services sector.

15 May 2018

Company update/Money Laundering

Mitek delivers digital KYC for cryptocurrency broker BTCDirect

Mitek (NASDAQ: MITK), a global leader in digital identity verification solutions, today announced that it is providing digital onboarding for BTCDirect customers.

03 May 2018

Company update/Money Laundering

Arachnys strengthens sales and marketing team

Arachnys, the leader in Customer Risk Decisioning solutions for KYC, AML and EDD, has appointed Steve Mann as Chief Marketing Officer.

02 May 2018

Company update/Money Laundering

Currency Matters applies facial recognition to verify new customers

Currency Matters, the foreign currency exchange and payment service that enables businesses to trade cost effectively overseas has added biometric facial verification from Selified to quickly verify new customers worldwide.

26 April 2018

Company update/Money Laundering

Holst and Christoffersen join board of muinmos

Market-leading RegTech specialist, muinmos, has attracted investment from two industry heavyweights, both with a proven track record in growing successful global technology businesses.

26 April 2018

Company update/Money Laundering

Encompass partners with Wisers Information to bolster Asian KYC content

encompass, the only provider of simultaneous, real-time access to multiple sources of global company and person data, today announced a new partnership with Wisers Information Limited, the world’s leading provider of Chinese media and business intelligence.

25 April 2018

Company update/Money Laundering

Crèdit Andorrà Financial Group to strengthen AML practices with Nice Actimize

Facing the complexities of global regulations, Crèdit Andorrà Financial Group has selected NICE Actimize, a NICE (Nasdaq:NICE) business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy.

24 April 2018

Company update/Money Laundering

European Parliament approves tougher rules on prepaid cards and cryptocurrencies

To shed light on the true owners of letterbox companies, any citizen will, in future, be able to access data about the beneficial owners of firms operating in the EU.

20 April 2018

Company update/Money Laundering

Fortytwo Data appoints Luca Primerano as chief AI officer

Anti-money laundering (AML) and Big Data specialist Fortytwo Data has appointed machine learning expert Luca Primerano as Chief AI Officer.

16 April 2018

News/Money Laundering

HSBC applies AI to track financial crime

Having racked up billions of dollars in fines for money laundering and sanctions busting, HSBC is cleaning up its act with the global roll out of an AI tool capable of analysing data logs and tracking transactions within a customer's wider network.

09 April 2018

News/Money Laundering

India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

06 April 2018

News/Money Laundering

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

Company update/Money Laundering

Accenture releases cloud-based utility to help US banks improve risk management

Accenture (NYSE: ACN) has launched a cloud-based data analytics utility to help U.S. banks improve and manage their risk-management and other activities more efficiently and cost-effectively than they could do on their own.

28 March 2018

Company update/Money Laundering

Thomson Reuters collaborates with Salesforce in fight against financial crime

Thomson Reuters today announced it is collaborating with Salesforce to help clients quickly and efficiently on-board new customers and meet regulatory anti-money laundering obligations in the fight against financial crime.

28 March 2018

Company update/Money Laundering

Encompass opens Hong Kong office

encompass corporation (“encompass”), the only provider of simultaneous, real-time access to multiple sources of global company and person data, is experiencing increased interest in its automation solutions from East and South East Asia in response to more stringent Know Your Customer (KYC) requirements across the region.

27 March 2018

Company update/Money Laundering

Nice Actimize introduces AI-enabled financial crime investigation platform

As financial services organizations turn to automation to improve efficiency and provide cost reductions, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, is releasing its new Actimize ACTone, an artificial intelligence-enabled investigation management system that serves as the next generation alert and case management platform for financial services organizations (FSOs).

22 March 2018