Latest Money Laundering News: Finextra Research

ThetaRay names Benjamin Wyrick as SVP sales, Americas

ThetaRay, a leading provider of big data analytics solutions, today announced the appointment of Benjamin Wyrick to Senior Vice President of Sales, Americas. Wyrick has 20 years of experience in financial services sales, business development and marketing.

10 October 2017

Company update/Money Laundering

Fenergo selected by four of Australia's top five banks

Fenergo, the leading provider of Client Lifecycle Management software solutions for Corporate & Institutional, Business & Commercial and Private banks, has today announced that it has been selected to partner with four of the top five banks in Australia.

10 October 2017

Company update/Money Laundering

Accuity expands innovation team

Building on its innovation heritage, Accuity, the global financial crime compliance, payments and KYC solutions provider, is expanding its global innovation team and investing in collaborative innovation processes across its business and technology teams.

04 October 2017

Company update/Money Laundering

Trulioo ships business verification service

Trulioo, the leading global identification company, has launched its Global Business Verification solution to provide an innovative, effective, and low-cost way to perform due diligence on business entities around the world to determine the authenticity of the business in order to help organisations detect fraudulent behavior and criminal activity, such as tax evasion and money laundering.

04 October 2017

News/Money Laundering

Asean banks complete trial of KYC blockchain

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with Singapore's Infocomm Media Development Authority (IMDA), have completed a proof-of-concept for a Know Your Customer (KYC) blockchain.

03 October 2017

News/Money Laundering

Overstock unit preps ATS for trading digital coins issued in ICOs

The blockchain subsidiary of online retailer Overstock is teaming up with RenGen and Argon Group to launch an SEC-compliant Alternative Trading System (ATS) for trading digital coins issued in initial coin offerings (ICOs).

28 September 2017

Company update/Money Laundering

Virtusa and WorkFusion team on AI-powered sanctions screening

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, and WorkFusion, the leading provider of intelligent automation, today announced the launch of an artificial intelligence (AI)-powered sanction screening solution that helps banks reduce operational effort and manage false positives.

27 September 2017

Company update/Money Laundering

Thomson Reuters adds business data to Clear ID checks

As part of the CLEAR online investigations suite, CLEAR ID Confirm leverages comprehensive, up-to-date public and proprietary data to enable organizations to complete identity verification tasks, including risk evaluation and business vetting.

25 September 2017

Company update/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.

12 September 2017

News/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.

24 August 2017

Company update/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.

22 August 2017

News/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.

18 August 2017

Company update/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.

17 August 2017

Company update/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.

10 August 2017

News/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.

07 August 2017

Company update/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.

01 August 2017

News/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.

27 July 2017

Company update/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.

17 July 2017

Company update/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.

07 July 2017

Company update/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.

26 June 2017