Tagged: compliance

January 28, 2022 @ 1:01 pm By Omar Faridi  |  

In 2017, the team at CoinTracker began “tinkering” with cryptocurrency. CoinTracker writes in a blog post that they set up accounts on several different exchanges and started using a bunch of digital wallets. The company points out that while exchanges and virtual wallets have made… Read More

January 25, 2022 @ 10:38 pm By Omar Faridi  |  

The team at HYPR reveals that they’re pleased to confirm that they’ve successfully completed SOC 2 Type 2 and ISO 27001 compliance and audit initiatives “along with obtaining ISO 27017 and ISO 27018 compliance certifications.” As noted by its management, HYPR allows customers to finally… Read More

January 23, 2022 @ 3:48 pm By Omar Faridi  |  

As cryptocurrency grows in popularity and adoption, ensuring businesses and platforms maintain a robust compliance infrastructure is becoming really important to the nascent industry. With Wyre’s compliance infrastructure, the team is pleased to confirm the addition of three new hires to “continue to boost our… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 12, 2022 @ 3:40 am By Omar Faridi  |  

The team at ComplyAdvantage, an AI-enhanced financial crime detection firm, notes that from regime change in Myanmar and Afghanistan to a “spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals.” ComplyAdvantage writes in… Read More

January 11, 2022 @ 10:47 pm By Omar Faridi  |  

Trulioo, the international identity verification firm, notes that ID verification has three primary use cases: “achieving compliance requirements, reducing fraud and building trust and safety.” Trulioo explains in a blog post that depending on your business and where you operate, you might “prioritize a particular… Read More

December 31, 2021 @ 8:54 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

December 28, 2021 @ 5:00 pm By Tony Zerucha  |  

More than half a billion dollars worth of cryptoassets were stolen from exchanges in the first half of December, compliance firm Elliptic said in a recent blog post. On Dec. 11 and 12, close to $83 million was stolen from AscendEX, a cryptoasset exchange that… Read More

December 22, 2021 @ 4:11 pm By Omar Faridi  |  

PCI Pal (LON: PCIP), the international provider of secure payment solutions, is working with Talkdesk, the global customer experience solution provider for “customer-obsessed” firms, in order to offer clients with innovative customer service and security capabilities. The firms’ growing customer list reportedly includes Air Business,… Read More

December 17, 2021 @ 1:59 pm By Omar Faridi  |  

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

December 10, 2021 @ 7:49 am By Omar Faridi  |  

Fintech Plaid has been established on the principle that consumers need to be in control over where and how they share their financial details. Core or central to this principle is the customer’s ability to share their data in a secure manner and with the… Read More

December 7, 2021 @ 5:08 pm By Tony Zerucha  |  

Hummingbird Regtech, a provider of risk and compliance technology, this week announced the company has raised $30 million in Series B funding. The raise brings the total venture backed funding total to $41.8 million, and follows Hummingbird’s $8.2 million Series A in 2020. This new… Read More

December 4, 2021 @ 2:59 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security, has announced a new joint cooperation with Matrix USA, a US based firm that focuses on “building and strengthening business relationships in the… Read More

November 19, 2021 @ 11:00 am By Omar Faridi  |  

ACA Group and Foreside Financial Group, LLC, which are both providers of governance, risk, and compliance (GRC) solutions to customers in the financial services sector, have announced that they have entered an agreement to “combine their two companies.” Genstar Capital, a private equity firm, invested… Read More

November 17, 2021 @ 7:48 am By Omar Faridi  |  

Justt, a chargeback mitigation pioneer, has announced that it has secured $70 million in funding as it further expands its mission to assist merchants with combating false chargebacks with smart tech. As mentioned in the announcement, the funding was raised across three tranches, “including a… Read More

November 16, 2021 @ 9:38 pm By Omar Faridi  |  

Thomson Reuters announced on November 15, 2021, the introduction of the Indirect Tax (IDT) Determination Anywhere platform at its annual SYNERGY Conference for corporate tax and accounting professionals. As mentioned in the update, Determination Anywhere is a patent-pending, Cloud-powered tax tech platform that “sits on… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

November 13, 2021 @ 6:59 pm By Omar Faridi  |  

Featurespace, the provider of Enterprise Crime Prevention software, has reportedly appointed Todd Raque as its leading anti-money laundering (AML) and financial crimes expert for the Americas. As mentioned in the announcement, Raque brings almost 30 years of professional experience and extensive industry knowledge in financial… Read More

October 26, 2021 @ 11:12 pm By Omar Faridi  |  

Wolters Kluwer Compliance Solutions and NYDIG, a provider of Bitcoin (BTC) platform solutions, have entered an agreement where Wolters Kluwer will act as an “exclusive” vendor to interested financial institutions seeking assistance in meeting their regulatory and compliance requirements while “exploring and implementing services for… Read More