Tag: AML
FCA warns of financial crime risks post-Brexit
The financial conduct authority has warned that the UK will be unable to manage the risk of financial crime under a no-deal Brexit.
Selfie-based identification solutions are not compliant with KYC AML
Technological solutions to verify the identity of natural persons by taking pictures of IDs or passports and recording a few frames or user’s face do not comply with the legal regulations
IdentityMind Global launches new RegTech webstore
IdentityMind Global has launched a RegTech webstore to enable firms to integrate KYC and AML compliance functions.
Thoma Bravo backs middle office platform Apttus
Apttus, which provides onboarding-to-payment for financial services, has landed an investment from Thoma Bravo.
ING fined €775m for failing to spot financial crime
Dutch bank ING has agreed to pay €775m in fines after admitting errors in its policies to stop financial crime.
Crypto exchange brings in stricter KYC requirements
Hong Kong-based cryptocurrency exchange OKEx is set to implement stricter Know Your Customer (KYC) requirements.
UBO leverages Tookitaki to combat financial crime
United Overseas Bank has teamed up with Singapore-based Tookitaki to bolster its fight against anti-money laundering.
Kenya’s Equity Group spins out Finserve as independent FinTech
Finserve Africa, which runs Equitel, will operate as an autonomous commercial enterprise providing solutions not just for Equity Group, but to other organisations.
KOGER launches open source client portal
KOGER has launched open-source client portal for financial institutions, asset managers, and fund administrators.
RegTech 100 company DueDil raises £8m
DueDil has become the latest RegTech 100 company to raise funding after closing its Series C round on £8m.
