Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
Anti-Money Laundering/AML
Facebook’s Libra seeks payment system licence from Swiss regulator
The association also submitted a request for a ruling to clarify its regulatory status.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
ICE’s Bakkt set to launch bitcoin futures contracts
Bakkt is “cleared to launch” its trading in bitcoin futures next month.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Elevator Ventures invest in RegTech platform kompany.com
kompany combines AI, robotic process automation and blockchain technology.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
Pan-American Life Insurance seeks AML with Fiserv tech
Complying with regulation across each geography.
Blockpass enters Hong Kong broker market with 2GoTrade
The partnership is a first for the ID verification provider.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
SmartSearch pioneers first online AML business credit checks
It will enable clients to see an overview of a business’ credit score.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
Lloyds freezes 8,000 Jersey offshore bank accounts
The lockdowns happened last year after customers failed to prove their identity.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Deutsche Bank’s suspicious transaction reporting hit by software glitch
The problem has prevented flagging for almost a decade.
Atom picks TruNarrative to provide AML solution
Atom was looking for a better way to manage false positives.
Fenergo supports Bahrain’s blockchain-based KYC
It will support retail and corporate banking, with other sectors in the future.
Will KYT drive technology innovation in banking compliance?
The journey towards “know your transaction” has just begun, and the road ahead looks promising.
Fiserv’s AML solution wins new clients in UAE and Iceland
AML Risk Manager chosen to streamline processes.
N26 under German regulator’s microscope
The BaFin has highlighted issues with staffing and communications.
Top fintech stories this week – 12 March 2019
Teradata’s event coverage, Sopra Steria acquired SAB, and other news.
Nordic Capital acquires digital identity firm Signicat
The financial details for the Norwegian security firm have not been disclosed.
Varo Money gets NICE AML tech
AML and KYC for all mobile needs.
Wiring financial organisations for regulatory success
Firms need to be much bolder in their use of technology; clinging to old methods will only make things worse.
Jumio integrates with ComplyAdvantage for new AML solution
Highlighting the role of sanctions lists in helping fight financial crime.
Bcause picks Nasdaq for market surveillance cause
It will go live in H1 2019 with launch of its new spot cryptocurrency market.
OneCoin boss arrested for crypto fraud
The firm and its leaders are accused of creating a pyramid scheme.
5AMLD: know your compliance changes
5AMLD’s key requirements and their impact on the customer due diligence and onboarding for European firms.
How new AML tech is freezing the fraudsters
Over 90% of UK current accounts are now covered by the new Mule Insights Tactical Solution (MITS).
Revolut rocked by compliance and culture criticisms
The firm has been accused of violating basic banking rules.
ID verification firm Socure so cool with $30m funding
The Series C round takes the company’s total funding to $57.5 million.
UBS found guilty in France for aiding tax evasion
UPDATE. The bank has said it will appeal the decision.
Danish and Estonian regulators under EBA investigation over Danske incident
The bank has also closed its Baltic and Russian operations.
Portuguese Banco CTT gets AML tech from Fiserv
One of the nation’s newest banks will use AML Risk Manager.
South Korean crypto exchanges unleash AML initiative
Bithumb, Coinone, Korbit, and Upbit wake up to the threats.
