Search Results for: Anti-Money Laundering

July 5, 2025 @ 10:44 pm By Michael Wong  |  

Singapore’s central bank has imposed S$27.45 million ($20.3 million) in fines on nine financial institutions after concluding a sweeping investigation into anti-money laundering (AML) lapses tied to a major money laundering case uncovered in August 2023. The Monetary Authority of Singapore (MAS) said it had… Read More

October 6, 2024 @ 2:39 pm By Michael Wong  |  

Singapore’s Inter-Ministerial Committee (IMC) unveiled a comprehensive report, outlining enhanced strategies and recommendations to strengthen the nation’s Anti-Money Laundering (AML) framework. The report emphasizes a whole-of-society approach, urging collaboration between frontline stakeholders and the government to combat increasingly sophisticated money laundering (ML) tactics. The IMC’s… Read More

January 14, 2024 @ 4:15 pm By Omar Faridi  |  

SlowMist has been analyzing the attacks and major incidents of 2023. SlowMist‘s latest report will focus on the anti-money laundering (AML) trends in the blockchain sector for the same year. Thanks to the support of our InMist Intelligence Network partners, SlowMist aided clients, partners, and… Read More

December 27, 2023 @ 7:23 pm By Omar Faridi  |  

The Financial Services Regulatory Authority (FSRA) has announced revisions to its Anti-Money Laundering and Sanctions Rules and Guidance (the AML Rulebook). The FSRA has made revisions that “clarify the requirements that previously appeared in the AML Rulebook, reflecting the federal regulatory framework the UAE has… Read More

November 10, 2023 @ 8:25 am By Omar Faridi  |  

Germany’s Finance Minister Christian Lindner on Thursday (November 9, 2023) called on European Union nations to choose Frankfurt as the seat of the bloc’s anti-money laundering authority (AMLA). Lindner stated that a decision to locate AMLA in Frankfurt is a key move in order to… Read More

May 5, 2023 @ 7:11 pm By JD Alois  |  

At the end of 2022, Senators Elizabeth Warren and Roger Marshall partnered on a bill targeting the digital asset industry. The bipartisan legislation, the Digital Asset Anti-Money Laundering Act, seeks to  close “loopholes in the existing anti-money laundering and countering of the financing of terrorism… Read More

April 3, 2023 @ 11:27 am By Omar Faridi  |  

CSI, a provider of end-to-end fintech and regtech solutions, announced today it has partnered with Hawk AI, a global provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, “to deliver its latest products, WatchDOG Fraud and WatchDOG AML.” The products’… Read More

February 1, 2023 @ 10:17 pm By Omar Faridi  |  

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions,  announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at “helping firms in both the traditional finance and digital asset space combat financial crime.” The… Read More

April 13, 2021 @ 11:40 am By Samantha Hurst  |  

Ibanera, a global fintech, announced on Tuesday it has teamed up with cryptocurrency intelligence company CipherTrace to enhance Ibanera’s cryptocurrency Anti-Money Laundering (AML) and Know Your Transaction (KYT) compliance solution. As previously reported, Ibanera’s platform provides account issuance, cross-border transfers, and currency exchange services to both… Read More

January 25, 2021 @ 1:53 pm By JD Alois  |  

The [William M. (Mac) Thornberry] National Defense Authorization Act for Fiscal Year 2021 (HR 6395) was signed into law at the beginning of this month. While the title of the law is pretty accurate as the bulk of the legislation addresses defense issues, buried within… Read More

December 11, 2020 @ 8:48 pm By Samantha Hurst  |  

    Salv, an Estonia-based anti-money laundering platform, recently announced it secured €1.5 million to expand the pilot program AML Bridge to other European countries. According to Salv,  the pilot comes in cooperation with four of Estonia’s largest banks – LHV, Luminor, SEB Estonia and… Read More

February 20, 2020 @ 12:27 am By Omar Faridi  |  

NICE Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has reportedly been chosen by TONIK, an Asian pure-play regulated digital bank, to develop its Essentials anti-money laundering platforms and also to assist in the creation of secure banking environments for… Read More

January 20, 2020 @ 1:21 pm By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa recently announced the launch of its new “Crypto Business/Broker” account. According to Cashaa, the account was created to ensure crypto businesses/brokers are compliant with the FCA’s new rules for anti-money laundering and counter-terrorist finance and Fifth Money Laundering Directive (5AMLD)…. Read More

December 18, 2019 @ 3:40 pm By Samantha Hurst  |  

RDC (Regulatory DataCorp) announced on Wednesday it has renewed its agreement with UK-based digital banking group Monzo to help fight against anti-money laundering for the bank’s U.S. launch. According to RDC, the partnership will build on the success of the past two years in the… Read More

December 18, 2019 @ 1:08 am By Cali Haan  |  

On December 13th, Bottle Pay, a company variously described as a “custodial Bitcoin wallet provider,” a “payments startup” and a “social media Bitcoin tipping service,” announced it is closing December 31st because it does not want to impose extraordinary anti-money laundering (AML) measures on users. On… Read More

December 16, 2019 @ 12:34 pm By Cali Haan  |  

Bottle Pay, a UK company, “on a mission…to introduce Bitcoin to 1 billion people in the next 5 years,” has announced it will shut down December 31st because it does not want to impose enhanced anti-money laundering procedures on users. According to a company blog post:… Read More

December 8, 2019 @ 6:26 pm By Omar Faridi  |  

Ukraine’s government has reportedly approved the nation’s final draft of a new money laundering law that applies to virtual assets (or cryptocurrencies) and virtual asset service providers (VASPs), according to the Financial Action Task Force (FATF) guidelines. The Rada, the country’s legislative body, released a… Read More

November 21, 2019 @ 5:54 pm By JD Alois  |  

In the European Union, the fifth Anti-Money Laundering Directive (5AMLD) entered into force on 9 July 2018 but impacted firms have until January 10, 2020, to become compliant. Crypto companies, or virtual asset service providers (VASPs), will be expected to step things up and adhere… Read More

October 29, 2019 @ 9:53 pm By Cali Haan  |  

Libra lead David Marcus told an audience at Money 20/20 USA in Las Vegas this week that, due to the system’s use of a transparent “blockchain” ledger, Facebook’s proposed in-app (crypto)currency system will manage anti-money laundering (AML) more effectively than current payment systems, Finextra reports. “If… Read More

October 27, 2019 @ 4:31 pm By Omar Faridi  |  

The European Union’s sixth anti-money laundering directive (6AMLD) is expected to take effect on December 3, 2020. The new directive recommends several penalties for non-compliance.  EU Member States are required to have 6AMLD incorporated into their national legislation by December of next year and related… Read More