Tag: AML
UN official says cryptocurrencies make it harder to combat child slavery,...
Cryptocurrencies are making it more difficult for law enforcement to prosecute criminals guilty of cyber crime, terror financing, money laundering and abuse of children, according to a United Nations official.
Jumio joins NICE Actimize’s X-Sight Marketplace to assist companies with AML
Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management.
OpenGate buys majority stake in InRule Technology
Private equity firm OpenGate Capital has acquired a majority stake in InRule Technology, a decision management platform.
CoinGecko joins the AMLT Network to boost AML efforts
Cryptocurrency market data platform CoinGecko has joined Coinfirm’s AMLT Network, a group designed to improve AML and security of cryptocurrency.
Singapore’s central bank is targeting onshore shell companies involved in money...
The Monetary Authority of Singapore has announced it has closed several onshore shell companies’ accounts in the last 12 months in an effort to tackle money laundering.
ezbob launches onboarding technology to help banks streamline processes
Digital lending platform ezbob has released a new onboarding module to simplify processes for banks.
US regulators offer joint statement on AML
Federal Bank Regulatory Agencies and FinCEN have issued a joint statement to further efforts around improving transparency for the risk-based approach to Bank Secrecy Act (BSA) and anti-money laundering (AML).
Emailage teams up with Featurespace to boost e-commerce and financial services’...
Financial services organizations just got another way to beef up their protection against online application fraud as Emailage, the online fraud prevention and email risk assessment company, has signed a partnership with Featurespace, the risk detection and fraud prevention company.
Ladbrokes Coral Group’s £5.9m fine for “systemic failings” to prevent money...
The UK Gambling Commission has penalized betting company Ladbrokes Coral Group for not putting up enough safeguards against money laundering and gambling harm. But it’s not finished yet.
Financial institutions need to put conduct risk on same priority level...
KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.
