Latest Money Laundering News: Finextra Research

Monnai raises $6.5m to help fintechs use consumer data

Monnai, a provider of consumer insights infrastructure for financial institutions, has raised $6.5 million in a Series A funding round led by Tiger Global.

10 March 2023

News/people

N26 chief risk officer quits

German digital bank N26 has lost its third senior executive in a year, with chief risk officer Thomas Grosse leaving for personal reasons.

03 March 2023

Company update/regulation

Dubai International Financial Centre chooses Napier for client screening

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen anti-financial crime compliance specialist Napier to upgrade the screening services they employ with Napier Client Screening.

28 February 2023

Company update/regulation

Mexico's Tudi signs for ThetaRay AML tech

ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that Tudi, enabling a digital financial community through its mobile app, has chosen ThetaRay’s cloud-based AML solution to monitor its transactions in Mexico for financial crime.

23 February 2023

Company update/crime

Florida-based Banesco USA selects AML RightSource for money laundering checks

AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”) and Bank Secrecy Act (“BSA”) compliance solutions, announced today that Florida-based bank Banesco USA has selected its Automated EDD (Enhanced Due Diligence) solution for efficient, compliant customer risk reviews with streamlined, AI processes that deliver detailed assessments and reporting.

22 February 2023

Company update/crime

Napier to provide AML transaction monitoring for Lyra

Financial crime compliance technology specialist Napier has announced a new partnership with Lyra Group, the €79 million turnover European and unified payment solutions provider, processing over twenty billion transactions worldwide annually.

21 February 2023

News/regulation

Mizuho International picks SymphonyAI to tackle money laundering

Mizuho International, the London-based securities and investment banking arm of Japanese giant Mizuho Financial Group, is rolling out technology from SymphonyAI to help it detect financial crime.

21 February 2023

Company update/crime

Icelandic neobank indó selects Lucinity for financial crime prevention

indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions.

20 February 2023

News/regulation

Railsr unit faces Lithuanian investigation into money laundering failures

A subsidiary of embedded banking platform Railsr is being investigated by the Bank of Lithuania over concerns it has been "grossly and systematically" violating money laundering and terrorist financing laws.

17 February 2023

News/identity

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

News/startups

Client onboarding outfit Sikoia raises $6m

Sikoia, a London-based unified data platform designed to simplify client onboarding and risk evaluation, has raised $6 million in seed funding.

17 February 2023

Company update/regulation

Shieldpay to consolidate real-time client KYC and AML data with Fenergo support

Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), and Shieldpay, the market leading fintech solving high value, complex B2B payments, today announced their partnership.

15 February 2023

News/regulation

FCA and police join forces to crack down on crypto ATMs

The FCA has joined forces with West Yorkshire Police to shut down illegally-operated crypto ATMs in Leeds.

14 February 2023

Company update/crime

Piie to implement ThetaRay AML tech for insurance payments

ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, today announced a collaboration to implement an advanced AML solution for insurance claim payments.

08 February 2023

Company update/people

Themis appoints Matthew Hurn chairman

Matthew Hurn OBE has been appointed as Chairman of award-winning digital financial crime platform Themis.

06 February 2023

Company update/crime

Bank of Nevis adopts Tookitaki AML kit

Bank of Nevis International Ltd. (BONI), a leading provider of holistic wealth management and portfolio management services for clients from around the world, has partnered with Singapore-based Tookitaki to become the first Caribbean bank to launch the tech firm’s award-winning Anti-Money Laundering Suite (AMLS).

01 February 2023

News/regulation

Central Bank of Ireland warns payment firms about governance deficiencies

Ireland's central bank has fired a shot across the bows of payment and e-money firms after finding "significant deficiencies" in the governance, risk management and control frameworks of some in the sector.

01 February 2023

News/regulation

Dutch central bank fines Coinbase €3.3m

Coinbase has been fined €3.33 million for providing crypto services in the Netherlands without securing registration with the country's central bank.

26 January 2023

News/crime

Regtech Salv raises €4m

Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.

26 January 2023

News/startups

Sandbar raises $4.8m for transaction monitoring software

New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.

25 January 2023