Tag: AML
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Resistant AI, Claim Technology partner to stop fraudulent insurance claims
Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
Digital images and selfies no longer KYC/AML compliant
Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.
Iceland’s Arion Bank implements Lucinity to fight money laundering
Icelandic bank Arion Bank will implement the software of RegTech platform Lucinity to bolster its defences against money laundering.
TRM Labs bags $70m to help stop crypto-related fraud
TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.
Why crypto KYC is of rising importance
As governments try to make cryptocurrencies secure and safe, there are waves of new regulations being implemented for digital assets.
Hawk AI joins the Visa Fintech Partner Connect program
Hawk AI, a software developer for issuers, banks, FinTechs and payment firms, has joined the Visa Fintech Partner Connect program.
NetGuardians releases new anti-money laundering solution
NetGuardians, an enterprise risk platform helping to combat fraud, has launched its new anti-money laundering (AML) transaction monitoring solution.
Crypto trading platform X1 selects Resistant AI to aid AML checks
Cryptocurrency trading platform X1 has chosen financial crime prevention specialist Resistant AI to improve its AML checks across its platform.
Estonian FinTechs Salv, Tuum partner for AML capabilities
RegTech company Salv will deploy its AML capabilities into Tuum, an API-first and modular core banking platform.
