Tagged: aml

AML Systems Are Constantly Evolving to Address Increase in Complexity of Financial Crime – Report

AML (Anti-money Laundering) systems are a rapidly evolving area of technology, which has to compensate for the constant increase in volume and complexity of online financial crime, according to an extensive update shared by Juniper Research. Juniper Research defines anti-money laundering systems as “a set… Read More

Regtech: Wolters Kluwer TAA UK Releases AML Module within CCH iFirm, the Compliance Software Platform

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. Wolters Kluwer CCH iFirm AML seamlessly integrates “with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing the need to rekey… Read More

Regtech Unit21 Introduces AI-Enhanced Features to Bolster Fraud and AML Operations

Unit21, a key provider focused on Fraud and AML solutions, unveiled its new AI-powered features at Fintech Meetup. The innovative Ask Your Data and AI Copilot tools are “designed to significantly enhance the decision-making capabilities and operational efficiency of fraud analysts, compliance officers, and risk… Read More

Frankfurt to be Home for New EU AML CFT Authority

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More

London’s Napier, the Financial Crime Compliance Regtech, Announces Product Update

Napier, the London-based global financial crime compliance Regtech, is pleased to announce that its Anti Money Laundering (AML) platform, Napier Continuum is now available through two new service offerings: Napier Continuum Live and Napier Continuum Flow. These new solutions deliver Napier’s experience in “helping financial… Read More

AML – KYC: Centralis Selects Fenergo

Dublin-based Fenergo has been selected by the Centralis Group to improve its client and investor onboarding process. Fenergo is a company that provides “Client Lifecycle Management” (CLM) solutions, including Know your Customer (KYC) and Anti-Money-Laundering (AML) services. Fenergo offers a regulatory-compliant service for onboarding and… Read More

SEON, the Fraud Prevention and AML Platform, Announces Expansion of Executive Team

SEON, the end-to-end fraud prevention and AML platform helping companies mitigate fraud and safeguard against revenue threats, announced the expansion of its executive leadership with the appointment of Björn Heckel as Chief Technology Officer. With more than 20 years of experience as a software engineering… Read More

Tally of Financial Services Regulatory Penalties at $5 Billion for 2023, a 69% Increase – Report

Financial penalties assessed by financial regulators in the US have jumped by 69% versus the year prior when comparing 2023 to 2023, according to a report.Fenergo, a Client Lifecycle Management (CLM) firm serving financial services, has tallied the numbers and claims that penalties stood at… Read More

Satchel, a European Digital Banking Provider, Teams Up with Regtech AMLYZE

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a Regtech company specializing in anti-money laundering and financial fraud prevention. Satchel’s commitment to delivering banking services, “underscored by a robust emphasis on regulatory compliance and… Read More

SlowMist Releases Report Unveiling Anti-Money Laundering Trends in Blockchain Industry

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

Dublin Regtech Fenergo Update: Global Financial Institution AML and Regulatory Fines Soar in 2023

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, released its annual findings on global financial institution enforcement actions, which reveal that “the value of penalties imposed on firms surged 57% in 2023.” Penalties for failing… Read More

Berlin’s TransactionLink, the No-Code Platform, Partners with Regtech AMLYZE to Enable AML and KYC Automation

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will aim to “transform the landscape of Anti-Money Laundering (AML) and Know Your Customer… Read More

UAE’s Financial Services Regulatory Authority Makes Revisions to Anti-Money Laundering and Sanctions Rules and Guidance

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

Refine Intelligence Launches With $13M Seed

Refine Intelligence launched earlier this month with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures and other investors including Ground Up Ventures. The firm describes itself as “greenflagging” legitimate customer behavior by… Read More

Blockchain Firm Elliptic and CODE to Support AML and Travel Rule Compliance in South Korea

Elliptic – the firm enabling blockchain analytics and data intelligence – and CODE – a South Korean Travel Rule solution provider – have launched a partnership which represents Elliptic’s entrance into the Korean market. The new alliance will help companies in the country ramp up… Read More

Germany’s Finance Minister Calls on EU Nations to Make Frankfurt the Seat of the Bloc’s Anti-Money Laundering Authority (AMLA)

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

Crypto Proponent Senator Cynthia Lummis Sends Letter to DOJ Telling them to Consider Charges Against Binance, Tether Regarding AML/CFT Activity

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

Coinbase Strengthens Presence in Spain

Following Coinbase’s (NASDAQ:COIN) AML registration with the Bank of Spain last month, the team has welcomed its first hire in the market. Attending the European Blockchain Convention in Barcelona this week, the team says they will be “hosting a launch party to celebrate these recent… Read More

European Regtech Fourthline Expands Operations to France with Neobank Shine

Founded in 2017 in the Netherlands, Fourthline has developed a technological suite that enables financial service providers to automatically and compliantly perform KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures in accordance with local requirements. Fourthline offers a single API “to streamline the onboarding… Read More

Digital Bank Revolut Is Reportedly Being Investigated by UK’s FCA Regarding Red-Flag Accounts

Digital bank Revolut is reportedly engaged in discussions with the UK’s financial regulator regarding potential failures that enabled funds to be released from customer accounts identified by the National Crime Agency as suspicious. This latest development is now part of several issues that impact the… Read More

Send this to a friend