Tags AML

Tag: AML

PPRO forms agreement with Sentinels to bolster AML controls

Local payments infrastructure provider PPRO has established a strategic partnership with Sentinels to improve its own anti-money laundering (AML) controls.

How banks can strengthen their risk-based approach to financial crime

A recent case study by financial crime prevention firm Acuminor has detailed how banks can improve their stance of tackling the financial crime threats they face through its risk-focused technology.

Digital currency compliance platform Coinfirm hits Series A close on $8m

Coinfirm, an AML compliance solution for digital currencies and blockchain-based financial ecosystems, has closed its Series A funding round on $8m.

RegTech company PassFort closes its Series A

PassFort, which automates financial crime and compliance processes, has closed its Series A round on $16.2m.

Identitii unveils SaaS platform to reduce AML and CTF compliance risks

Identitii has launched a software-as-a-service platform to help firms cut non-compliance reporting risks with anti-money laundering (AML) and counter-terrorist financing (CTF).

Value of AML fines grow fivefold in 2020

There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.

Nearly $1bn was issued in AML, KYC and data privacy fines...

A total of $937.7m has been issued in fines for non-compliance with anti-money laundering, know your customer and data privacy regulations, in H1 2021.

EBA launches consultation on role, responsibilities of AML/CFT compliance officers

The European Banking Authority (EBA) has issued a consultation on the role, tasks and responsibilities of anti-money laundering and counter-terrorism financing officers.

Celo teams up with FinClusive to implement KYC/AML tools to its...

Open source blockchain ecosystem Celo has teamed up with FinClusive, which provides accounts and payment solutions with embedded AML tools.

The European Commission makes four proposals to revamp AML and CFT...

The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.
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