Tag: AML
UK Home Office establishes new taskforce to combat economic crime
The UK’s Home Secretary and Chancellor are chairing a new government taskforce which has been established to work alongside senior figures from the UK financial sector to tackle economic crime.
FICO receives five new patents for its compliance technology
FICO, a provider of compliance and counter criminal solutions, has received five new patents for fraud, AI and advanced analytics.
United Bank partners with Verafin for BSA/AML software
United Bank has partnered with Verafin, a provider of cloud-based BSA/AML and fraud detection software.
Irish Cabinet approves new bill which supports directives of 5AML
The Irish Cabinet has approved the proposal on new anti-money laundering legislation presented by Minister for Justice and Equality Charlie Flanagan.
HKMA fines JPMorgan Chase $1.5m for AML/CTF failures
The Hong Kong Monetary Authority has rebuked and fined JPMorgan Chase Bank, National Association, Hong Kong Branch for AML and CTF infringements.
Bank of Azerbaijan integrates FICO for AML and CTF compliance
The International Bank of Azerbaijan will use FICO TONBELLER to help fight money laundering and terrorist financing.
Boku acquires identity authentication solution Danal in $112m deal
Billing company Boku has acquired mobile identity and authentication solutions provider Danal in a $112m deal.
EU council proposes measures to lower risks in banking sector
The banking union council has endorsed a number of new measures to help reduce risk in the EU banking sector.
US regulators encourage institutions to be innovative with AML/BSA compliance
The Federal Reserve Board has made a joint statement with four other regulators to encourage depository institutions to explore innovative ways to meet compliance.
Growing RegTech software business cleversoft gets Main Capital backing
German RegTech software provider cleversoft has picked up investment from Dutch private equity investor Main Capital.
