Money Laundering

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/Money Laundering

Tunisian banks implement Fico/Vitalis AML technology

VITALIS, in partnership with FICO, has developed and deployed an advanced anti-money laundering (AML) solution, hosted by SIBTEL in its cloud to be used by banks across Tunisia.

Dutch cops arrest 10 over bitcoin money laundering scheme

/Money Laundering

Dutch cops arrest 10 over bitcoin money laundering scheme

Dutch authorities have arrested 10 men accused of using bitcoin to launder up to EUR20 million made from selling drugs online.

/Money Laundering

Fifth Third deploys Nice Actimize risk engine

NICE Actimize, a NICE Systems (NICE) business and the largest and broadest provider of financial crime, risk and compliance solutions for the financial services industry, has been selected by Fifth Third Bancorp, a diversified financial services company, to provide Customer Due Diligence (CDD) anti-money laundering software to help it move to a more automated, centrally managed environment for its customer onboarding risk assessment processes.

/Money Laundering

Swift signs 2000 banks to KYC Registry

More than 2,000 financial institutions have signed up for The Know Your Customer (KYC) Registry, SWIFT's centralised repository which maintains a standardised set of information about financial institutions required for KYC compliance.

/Money Laundering

Sberbank joins Swift’s KYC Registry

Swift’s KYC Registry continues to gain momentum with some of the largest banks in Eastern Europe and as far east as Mongolia

/Money Laundering

Standard Chartered selects Accuity and Fircosoft for global sanctions screening

Accuity, the leading global provider of Risk and Compliance, Payments and Know Your Customer solutions and FircoSoft, the leading global provider of watch list filtering solutions, have been selected by Standard Chartered Bank to provide integrated global sanctions screening and data.

/Money Laundering

BNP Paribas joins Swift's KYC Registry

Swift announces today that BNP Paribas has joined the Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks required for KYC compliance.

Banks reach tipping point in fight against financial crime - research

/Money Laundering

Banks reach tipping point in fight against financial crime - research

UK banks are reaching a tipping point in the fight against financial crime, with more than 60% agreeing that there is enough or too much regulation, but inadequate enforcement, according to research from LexisNexis Risk Solutions.

/Money Laundering

FCA fines Barclays £72 Million for poor handling of financial crime

The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may be used to facilitate financial crime.

France calls for Swift payments data access in fight against terrorism

/Money Laundering

France calls for Swift payments data access in fight against terrorism

In the wake of the Paris attacks, France's finance minister, Michel Sapin, says that European authorities need better access to Swift data in the fight against terrorism.

/Money Laundering

National Bonds selects AML risk manager from Fiserv

Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, announced today that National Bonds, the leading sharia'a-compliant savings and investments company in the United Arab Emirates, has selected AML Risk Manager for the effective detection, investigation and resolution of financial crimes and to ensure regulatory compliance.

/Money Laundering

Panama's Bank Association endorses Swift's KYC Registry

SWIFT today announces that Panama's Bank Association, PBA, with regional membership of 71 domestic and international banks, endorses The Know Your Customer (KYC) Registry, a centralized repository that maintains a standardised set of information on correspondent banks' requirements for KYC compliance.

US prosecutors lay out charges connected to huge JPMorgan hack

/Money Laundering

US prosecutors lay out charges connected to huge JPMorgan hack

US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.

/Money Laundering

Narrative Science launches Quill for anti-money laundering

Narrative Science, the leader in advanced natural language generation for the enterprise, today announced the launch of Quill for Anti-Money Laundering (AML).

/Money Laundering

Avoka and Trulioo partner for instant digital identity verification

Avoka, the leader in digital customer acquisition for financial services companies, and Trulioo, the leading provider of instant identity verification for the international market, today announced a strategic partnership to facilitate real-time, KYC and AML compliant identity verification.

/Money Laundering

ISighnthis enters channel partner agreement with Alpha Payments Cloud

iSignthis Ltd [ASX:ISX] is pleased to announce that it has entered into a channel partner agreement with innovative payment solution platform provider, Alpha Payments Cloud (APC).

/Money Laundering

UK Government publishes anti-money laundering assessment and commits to action plan

Government publishes an assessment of the money laundering and terrorist financing risks faced by the UK and commits to launch a comprehensive action plan to further strengthen the UK’s regime.

/Money Laundering

Banco Santander joins Swift KYC Registry

SWIFT announces today that Banco Santander has joined the SWIFT Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks required for KYC compliance.

/Money Laundering

BTMU signs for swift Compliance Analytics

SWIFT announces today that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) has signed up for Compliance Analytics, a SWIFT service that helps financial institutions mitigate financial crime risk and cost by analysing their global message traffic on the SWIFT network.

/Money Laundering

Thomson Reuters Org ID uploads 10,000 KYC records

Thomson Reuters today announced that its Org ID KYC (Know Your Customer) managed service solution this month broke the 10,000 record barrier of complete KYC entity profile reports which have been fully validated and screened in accordance with a global policy.

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