Tagged: anti money laundering

Blockchain Ecosystem Security Report: 223 Recorded Incidents During H1 2024 Resulted in $1.43 Billion in Losses

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… 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

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

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

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

AI Is Most Effective Method for Improving AML Processes, According to Research from Feedzai

AI [artificial intelligence] is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a provider of financial crime and risk management solutions Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance… Read More

Tookitaki Introduces Compliance as a Service Solution, an AML Service on the Cloud

Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a–Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimized “for cost and efficiency, gives financial institutions (FIs) access to Tookitaki’s flagship compliance solution – the… Read More

Germany: BaFin Updates on Digital Bank N26 to Curb Money Laundering

German regulatory authority BaFin has reportedly extended measures at digital bank N26 in an effort to prevent illicit activities. In 2019, BaFin issued an order targeting N26, telling the Fintech to “take appropriate internal safety measures” for the prevention of money laundering and terrorist financing…. Read More

Regtech, Artificial Intelligence: Bank of Valletta Adopts Resistant AI’s AML Product to Tackle Financial Crime

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML). It will “enable the bank to prevent and detect transactions that are… Read More

FinCrime Prevention Firm SEON Accelerates US Growth with CRO Appointment

Building from its acquisition of anti-money laundering (AML) specialist company, Complytron, SEON has announced the appointment of Matt DeLauro as the company’s new CRO. The hire, “which represents the culmination of a six-month process, forms part of the company’s plans to continue investing in its… Read More

Digital Assets: SlowMist, OKX to Support Advanced Security Solutions

SlowMist and OKX have recently announced a strategic partnership to focus on “enhancing digital asset ecosystem security, digital asset anti-money laundering (AML), and conducting security technology research.” Both parties will collaborate “to develop comprehensive and innovative security services to address the growing demand for secure… Read More

DeFi, Digital Assets and KYC: Do You Know Your Crypto Customers?

Recent headlines have highlighted significant risks associated with investments in cryptocurrency. For instance, in recent months, we have seen the price of various cryptocurrencies plummet, creating a “crypto winter” (though prices have recently been swinging back up, demonstrating the volatility risk associated with cryptocurrency). As… Read More

CSI, Hawk AI to Release Artificial Intelligence-Driven Solutions for Fraud, Anti-Money Laundering

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

Digital Assets: HashKey Group, SlowMist to Build Secure Crypto-Asset Services

HashKey Group and SlowMist are pleased to announce a strategic partnership to collaborate on digital asset ecosystem security, anti-money laundering for digital assets, cutting-edge security technology research, and other technology fields. The goal of the partnership is “to explore and develop comprehensive security standards and… Read More

Financial Crime Detection Firm ComplyAdvantage Appoints Jim Anning as Chief Data Officer

ComplyAdvantage, the fraud and financial crime detection firm, named Jim Anning as the company’s Chief Data Officer as part of its commitment to innovation in anti-money laundering / countering financial terrorism (AML/CFT) services. The newly created role on the Executive Leadership Team “reflects the centrality… Read More

Banesco USA Selects AML RightSource’s AI-Enhanced Tech to Improve Due Diligence Investigations

AML RightSource, the provider of Anti-Money Laundering (AML), Know Your Customer (KYC) and Bank Secrecy Act (BSA) compliance solutions, announced that Florida-based bank Banesco USA has “selected its Automated EDD (Enhanced Due Diligence) solution for efficient, compliant customer risk reviews with streamlined, AI processes that… Read More

Gate.io Deploys Coinfirm‘s AML/CFT Platform to Enhance Compliance Standards

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.” The partnership will “give Gate.io access… Read More

SEON Acquires Complytron to Launch Unified Fraud, AML and FinCrime Platform

International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition instantly adds AML capabilities “to SEON’s fraud fighting toolkit and signals a new focus on holistic FinCrime prevention for the growing business.” As a result… Read More

Eventus Introduces Validus AML (VAML), an Anti-Money Laundering Solution to Combat Financial Crime

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

Germany’s Fraud Prevention Firm Hawk AI to Focus on Global Expansion with $17M Series B

Hawk AI, Germany’s provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing “to accelerate product development and global expansion.” The investment round was “led by Sands Capital from Washington D.C., with participation from new… Read More

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