Money Laundering

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UK could scrap 1p and 2p coins

/Money Laundering

UK could scrap 1p and 2p coins

With Brits increasingly turning to electronic payments, the UK government has raised the possibility of ditching 1p and 2p coins and even £50 notes.

/Money Laundering

First Abu Dhabi Bank chooses Accuity for global sanctions screening

Accuity, the leading global provider of risk and compliance, payments and know your customer solutions has been selected by First Abu Dhabi Bank (FAB) to provide integrated global sanctions screening and data.

/Money Laundering

CBA sets limits on deposits at ATMs to curb money laundering

Commonwealth Bank is introducing daily account-based deposit limits at our deposit ATMs as a further measure in our ongoing management of money laundering risks.

US judge says cryptocurrencies are commodities

/Money Laundering

US judge says cryptocurrencies are commodities

US lawmakers continue to wrestle with how to approach cryptocurrencies, as a federal judge says the likes of bitcoin can be treated as commodities by the CFTC, FinCEN says money transmitter rules apply to ICOs, and Wyoming's state legislature clears a bill exempting some crypto assets from securities laws.

/Money Laundering

IDnow launches KYC system for crypto providers

Crypto platforms and token sales (ICOs) increasingly have to conform to AML-legislations.

/Money Laundering

Quantexa and Arachnys combine big data and robotic automation in fight against financial crime

Big-data specialist Quantexa is partnering with compliance robotic automation leader Arachnys in the fight against financial crime.

/Money Laundering

Leumi ABL selects encompass confirm for KYC

The specialist asset based lending subsidiary of Bank Leumi (UK) plc, part of the Bank Leumi Group, has selected encompass confirm to support and enhance their Know Your Customer (KYC) compliance processes.

DNB tests mobile passporting for international clients

/Money Laundering

DNB tests mobile passporting for international clients

DNB is experimenting with a mobile app that scans user passports and faces to identify customers from across borders for ID verification and digital onboarding.

/Money Laundering

LHV selects Fico to combat money laundering

LHV, the largest domestic financial group in Estonia, will use the FICO® TONBELLER Siron Anti Financial Crimes Solutions to fight money laundering and comply with a host of European financial regulations.

/Money Laundering

Lemon Way selects Accuity to streamline financial crime compliance

Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, has embarked on a project to help payment solutions company, Lemon Way, to more efficiently identify financial crime and flag potentially high-risk customers.

/Money Laundering

CBA fights back against fresh Austrac allegations

Commonwealth Bank of Australia (ASX: CBA) today lodged with the Federal Court of Australia its response to the amended statement of claim filed by AUSTRAC on 14 December 2017 and its defence to the shareholder class action commenced by Zonia Holdings Pty Ltd on 9 October 2017.

/Money Laundering

Nice Actimize applies AI in fight against financial crime

Financial services organizations and their compliance programs face the hard realities of meeting regulatory requirements around detecting and reporting anti-money laundering schemes, while managing the cost of compliance.

/Money Laundering

Ireland's KYC to open office in Hong Kong

Invitation to join SuperCharger’s accelerator programme in March is game-changer for digital on-boarding solutions start-up KYC.

Swiss watchdog tweaks digital onboarding rules

/Money Laundering

Swiss watchdog tweaks digital onboarding rules

Swiss financial markets regulator Finma has updated its rules for digital client onboarding to reflect advances in technology such as the ability to authenticate a user with a "selfie with liveness detection".

/Money Laundering

IHS Markit adds financial crime screening to due diligence suite

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that KY3P®, its vendor risk management service, added financial crimes screening to its comprehensive due diligence tools

/Money Laundering

Shyft introduces blockchain-based KYC/AML network

Shyft, the leader in KYC/AML infrastructure for the global economy, today announced an open and unified blockchain framework for the standardization of regulatory, compliance, and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML).

/Money Laundering

Radius Bank launches digital account opening platform

Radius Bank proudly announces the launch of its new digital account opening platform, built in partnership with NYC-based fintech company Mantl.

/Money Laundering

Monetary Authority of Singapore introduces new guidance for remote customer onboarding

The Monetary Authority of Singapore (MAS) has issued new guidance to financial institutions (FIs) on the use of innovative technology solutions to facilitate safe, non-face-to-face customer on-boarding.

/Money Laundering

Arro Money partners Onfido for real-time KYC checks

Arro Money, a fast-growing provider of personal and business accounts, has partnered with the global identity verification provider, Onfido, to offer real-time ID verification and “Know Your Customer” (KYC) checks.

UAE banks and regulators to explore blockchain-based KYC utility

/Money Laundering

UAE banks and regulators to explore blockchain-based KYC utility

Regulatory authorities in Abu Dhabi are kicking off a programme with a consortium of the region's banks to develop a shared KYC utility, possibly underpinned by distributed ledger technology.

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