Latest Money Laundering News: Finextra Research

Israel Discount Bank signs for Wolters Kluwer reg reporting package

Israel Discount Bank (IDB), one of the largest commercial banks in Israel, has become the latest firm to choose OneSumX for Risk – the solution developed by Wolters Kluwer Financial Services.

17 June 2015

Company update/Money Laundering

Wipro taps AI for enterprise KYC tool

Wipro Ltd. (WIT), a leading global information technology, consulting and business process services company, today announced the first rollout of ‘enterprise-Know Your Customer (e-KYC),’ an automation solution for global financial institutions, built on the company’s Artificial Intelligence platform ‘Wipro HOLMES.’

15 June 2015

Company update/Money Laundering

Swift KYC Registry approved by Bank of Russia

The Russian SWIFT National User and Member Group, ROSSWIFT, has been given approval by the Central Bank of the Russia Federation (CBRF) to roll out SWIFT’s Know Your Customer (KYC) Registry to Russian financial institutions.

11 June 2015

News/Money Laundering

Swift extends KYC Registry to funds and custody

Banking co-operative Swift is is extending the reach of its KYC Registry utility beyond correspondent banking to support Know Your Customer compliance requirements for funds distribution and custody services.

28 May 2015

Company update/Money Laundering

Thomson Reuters launches Russian sanctions tracking service

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of its Russian Sanctions Tracking Service.

18 May 2015

News/Money Laundering

US authorities throw the book at Ripple Labs

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

06 May 2015

Company update/Money Laundering

BlackRock selects Thomson Reuters Org ID KYC managed service

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that BlackRock, a leader in investment management, risk management and advisory services for institutional and retail clients worldwide, has selected Thomson Reuters Org ID (Org ID) to complement its existing rigorous counterparty due diligence process.

30 April 2015

Company update/Money Laundering

Trunomi hires Kartik Venkatesh as chief architect

Trunomi, a provider of consent-based Know Your Customer (KYC) data-sharing technology, announces that it has expanded its team with new chief architect, Kartik Venkatesh and Advisory Board member, Fred Thiel.

28 April 2015

Company update/Money Laundering

DBS adopts Nice AML and transaction monitoring tech

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, will continue its support of Singapore's DBS Bank by providing significant upgrades to the institution's financial crime solutions portfolio, including advancements in Suspicious Activity Monitoring, Customer Due Diligence, and Enterprise Risk Case Management solutions.

07 April 2015

Company update/Money Laundering

PCI DSS 3.1 update to cover SSL vulnerabilities

The Payment Card Industry (PCI) Security Standards Council has confirmed that its latest Data Security Standard (DSS) 3.1 update, due mid-month, will mandate businesses move away from SSL web encryption because it’s no longer considered strong enough.

02 April 2015

Company update/Money Laundering

Fiserv appoints Tim Grace and Manuel Da Silva to financial crime risk management team

Fiserv has expanded its financial crime risk management team by hiring Timothy J. Grace and Manuel Da Silva.

02 April 2015

News/Money Laundering

Ex-federal agents charged with stealing Silk Road-related bitcoins

Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.

30 March 2015

News/Money Laundering

UK govt plans money laundering rules for digital currency exchanges

The UK government has set out its approach to digital currencies, vowing to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential of blockchain technology.

18 March 2015

Company update/Money Laundering

Wafacash signs with Fircosoft for sanctions screening

FircoSoft, the leading global provider of watch list filtering solutions, announced today that money transfer provider, Wafacash, has selected the company’s watch list filtering solution, Firco Continuity to control its money transfer operations against sanctions lists.

10 March 2015

Company update/Money Laundering

Fiserv releases four new modules for financial crime platform

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced the launch of four new solutions on its Financial Crime Risk Management (FCRM) platform.

04 March 2015

Company update/Money Laundering

P2P lender Landbay implements Jumio authentication service for AML compliance

Jumio, Inc., today announced that P2P lending specialist Landbay has implemented Jumio’s Netverify® to authenticate lenders’ identities, to comply with anti-money-laundering regulations and improve their clients’ user experience.

04 March 2015

News/Money Laundering

Criminals turning to social media to recruit money mules

Organised criminals are turning to social media to recruit members of the public to act as unsuspecting money mules for laundering dirty cash.

04 March 2015

Company update/Money Laundering

Swift adds peer assessments to sanctions testing service

SWIFT announces the addition of Peer Assessment to its Sanctions Testing service.

03 March 2015

Company update/Money Laundering

Fenergo upgrades regulatory rules engine

Fenergo, the leading provider of Client Lifecycle Management software solutions for investment banks and capital market firms, has announced the launch of its enhanced Regulatory Rules Engine to help financial institutions maximize control over regulatory and operational decisions and processes.

03 March 2015

News/Money Laundering

New York state watchdog sets sights on bank money laundering systems

The New York State Department of Financial Services (DFS) is planning to step up the fight against money laundering by carrying out random audits of Wall Street banks' transaction monitoring and filtering systems.

25 February 2015