Money Laundering

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/Money Laundering

Santander selects Fenergo for streamlined client onboarding

Fenergo, the leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks, has today announced that Santander has selected its core technology solution to achieve a streamlined client onboarding process.

Australia blames bitcoin for rise in organised crime

/Money Laundering

Australia blames bitcoin for rise in organised crime

The growth of online banking and digital currencies haver been cited as the main causes of a massive rise in organised crime in Australia's financial sector according to the country's criminal intelligence agency.

/Money Laundering

Synechron joins with R3 and 12 global banks on KYC platform

Synechron, Inc, the global financial services consulting and technology services provider, has today announced a distributed ledger technology (DLT) collaboration with R3, the enterprise software firm.

Australia regulates digital currencies

/Money Laundering

Australia regulates digital currencies

The Australian government has announced plans to strengthen its anti-money laundering rules with new reforms that will include digital currencies for the first time.

/Money Laundering

Banker's Toolbox addresses beneficial ownership rules

Banker’s Toolbox, Inc., the leader in Bank Secrecy Act anti-money laundering compliance solutions for financial institutions, announced today the launch of its Due Diligence Manager solution for Beneficial Ownership.

/Money Laundering

Thomson Reuters signs three more buy-side clients for KYC platform

Thomson Reuters today confirmed that three additional European financial institutions serving the buy-side investment sector have adopted its Org ID Know Your Customer (KYC) platform for due diligence.

CBA blames money laundering reporting failures on ATM coding error

/Money Laundering

CBA blames money laundering reporting failures on ATM coding error

Commonwealth Bank of Australia has blamed a three-year coding error in its intelligent deposit machines (IDM) for breaches of anti-money regulations.

/Money Laundering

Central Bank of Belize adopts Swift for sanctions screening

SWIFT announces today that the Central Bank of Belize has adopted its Sanctions Screening solution to combat financial crime.

Cryptocurrency exchange operator indicted over massive bitcoin laundering scam

/Money Laundering

Cryptocurrency exchange operator indicted over massive bitcoin laundering scam

A US jury has indicted a Russian man arrested earlier this week in Greece accused of helping to launder more than $4 billion in bitcoin, including some obtained from the infamous Mt. Gox hack. In a coordinated move, the bitcoin exchange he operated has been slapped with a $110 million fine by American authorities for AML law violations.

/Money Laundering

Swift's KYC Registry extended to all supervised financial institutions

SWIFT announces today that it has opened membership in its KYC Registry to all supervised financial institutions.

/Money Laundering

Synechron and Quantexa partner

Synechron Inc., a global financial services consulting and technology services provider, has today announced its partnership with Quantexa, a specialist entity resolution and network analytics software provider.

/Money Laundering

Docomo Digital sets its sights on the sharing economy

Leading alternative payments enabler, DOCOMO Digital has today announced the launch of NOMO, a payment platform designed for sharing economy platforms who want to optimise pay-outs for their vendors.

/Money Laundering

Accuity signs Earthport

Earthport, the payment provider transforming the future of cross-border payments, has chosen Accuity, the leading regtech provider of financial crime compliance, payments and know-your-customer (KYC) solutions, to power its payments platform, giving its clients a faster and more secure international payment service.

/Money Laundering

Monzo to solve KYC compliance challenge with Jumio

Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has today announced a partnership with Monzo, which will see the digital challenger bank use Netverify to help verify new and existing customers.

/Money Laundering

Accuity to provide screening compliance tech to TransferMoney Latvia

TransferMoney Latvia, one of Europe’s fastest growing cloud payment institutions, has selected Accuity to streamline its account and payments screening processes.

/Money Laundering

Kompli launches search platform to handle new money laundering regs

Life is about to get tougher for money launderers. One of the new government’s first tasks will be to approve draft regulations to implement EU 4MLD.

4th EU AML Directive will make curbing crime easier, but cost banks millions

/Money Laundering

4th EU AML Directive will make curbing crime easier, but cost banks millions

As the 4th EU AML Directive comes into force today, a pair of studies suggests that while most UK FS industry financial crime professionals think the new rules will make it easier to prevent money laundering, they are likely to cost banks millions in inefficient KYC checks.

Monzo may have to freeze some accounts under new money laundering rules

/Money Laundering

Monzo may have to freeze some accounts under new money laundering rules

Digital challenger bank Monzo is warning 20,000 customers that it may have to temporarily freeze their accounts if they fail to provide additional verification information under new money laundering regulations.

/Money Laundering

Barclays, Goldman Sachs, HSBC and Morgan Stanley take equity stake in IHS Markit's KY3P

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Barclays, Goldman Sachs, HSBC and Morgan Stanley have joined together to take an equity stake in KY3P, IHS Markit’s Know Your Third Party risk management solution. Goldman Sachs will contribute intellectual property and join the other banks as a design partner of the platform.

/Money Laundering

Lysis launches managed service for onboarding, KYC and CLM

Lysis, a leader in business change management services and a provider of innovative KYC services through Lysis Operations, and iMeta, a provider of Client Lifecycle Management software, have joined forces to create a comprehensive Client Lifecycle Managed Service designed specifically for the small to medium size institutions in the financial services sector.

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