Financial Crime - Announcements, News, Articles & Research: Finextra

RSA selected by NewDay for digital fraud detection

RSA (@RSAsecurity) a global cybersecurity leader delivering Business-Driven Security™ solutions to help organizations manage digital risk, announces that NewDay, a leading consumer credit company serving around five million people across the UK, has selected and deployed RSA Adaptive Authentication for eCommerce to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol.

07 July 2020

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European Commission censures Austria, Belgium and the Netherlands for AML failings

The European Commission has today referred Austria, Belgium and the Netherlands to the Court of Justice of the European Union, with a request for financial sanctions, for failing to fully implement the 4th Anti-Money Laundering Directive (AMLD4) into their national law.

03 July 2020

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SEB hit with SEK1 billion fine for failing to tackle money laundering in Baltic operations

SEB has not sufficiently identified the risk of money laundering in its Baltic operations and has had deficiencies in its governance and control of the Baltic subsidiary banks’ anti-money laundering measures.

25 June 2020

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Iosco consults on AI/ML guidance for market intermediaries and asset managers

The Board of the International Organization of Securities Commissions is requesting feedback on proposed guidance to help its members regulate and supervise the use of Artificial Intelligence (AI) and Market Learning (ML) by market intermediaries and asset managers.

25 June 2020

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Aviva selects Fenergo to transform KYC, CDD and AML processes

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions has been selected by Aviva, to replace Know Your Customer (KYC), Customer Due Diligence (CDD) and Anti-Money Laundering (AML) systems and services.

25 June 2020

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EQ bolsters KYC in partnership with Encompass

EQ (Equiniti), an international technology-led services and payments specialist, is delighted to announce that it has partnered with Encompass to further bolster its KYC proposition.

23 June 2020

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FCA hits Commerzbank with £37.8 million fine for AML failings

The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017.

17 June 2020

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Equiniti to provide KYC service for the invoice finance industry

Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.

16 June 2020

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EU action against money laundering in the banking sector to go under auditor scrutiny

Money laundering is the practice of disguising the illegal origin of criminal proceeds.

11 June 2020

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Traydstream’s compliance checking aggregator integrates Refinitiv’s World-Check KYC and AML services

Traydstream, the London-based trade AI solution provider, is proud to announce a partnership agreement with Refinitiv’s World-Check, which will integrate seamlessly with its automated Trade compliance checks.

09 June 2020

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Australian Fintech Hay selects Featurespace to strengthen prepaid card security and AML

Featurespace, the leading provider of Enterprise Financial Crime prevention software, has revealed that Australian fintech Hay has selected its ARIC Risk Hub to detect and prevent fraud and money laundering on its mobile-first solution.

09 June 2020

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Quantifind and KYC2020 join Nice Actimize financial crime and compliance ecosystem

NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that two new X-Sight Marketplace partners are offering a range of free tools and services designed to boost operational efficiency of AML investigations during the onslaught of COVID-19 related demands.

08 June 2020

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