33 articles tagged with this keyword
News/regulation
Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for violating money laundering and terrorist financing laws.
10 May 2024
Wells Fargo has joined JP Morgan in revealing that US authorities are investigating the handling of complaints about P2P payments service Zelle.
06 May 2024
News/people
The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.
30 April 2024
The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.
26 April 2024
Company announcement/crime
In order to further increase Swedbank’s ability to combat financial crime, Anti-Financial Crime (AFC) will be integrated into Group Products and Advice (GPA), effective immediately.
25 April 2024
AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.
24 April 2024
News/crime
Faruk Fatih Ozer, the former boss of failed Turkish cryptocurrency exchange Thodex, has started a lengthy jail sentence after he was found guilty of defrauding investors in a multimillion dollar fraud.
03 April 2024
The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.
Long read/Money Laundering
Dominique Dierks Content Manager
22 March 2024
In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.
15 March 2024
Company announcement/regulation
SteelEye, the first truly integrated surveillance platform trusted by well over 150 financial firms globally, has strengthened its footprint in the Asia-Pacific (APAC) region by incorporating in Singapore, enabling closer collaboration with clients and regulatory authorities.
12 March 2024
Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform.
11 March 2024
Company announcement/wholesale
We have today warned firms about common failings we have found in firms’ financial crime controls.
06 March 2024
Company announcement/payments
Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run its banking operations in payments and trade finance.
05 March 2024
Unit21, a leading provider in Fraud and AML solutions, today unveiled its new AI-powered features at Fintech Meetup.
04 March 2024
Paytm's banking business has been fined 55 million rupees (about $663,000) by an Indian regulator on money laundering charges.
News/payments
NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.
01 March 2024
Company announcement/people
Wirex, a leading digital payment platform, is thrilled to announce the appointment of Anna Di Censo, a distinguished tier-1 talent from the traditional banking sector, as the new Money Laundering Reporting Officer (MLRO) for Italy.
Themis continues to lead in applying innovative technology to the fight against financial crime, with the launch of a cutting-edge, AI-powered chatbot integration for its AML/KYC Platform.
27 February 2024
AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses.
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