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Tag: Anti-Money Laundering
EBA proposes extension of anti-money laundering rules to crypto services
The European Banking Authority (EBA) has started a public consultation to review its guidelines on money laundering and terrorist financing risk factors.
Tackling account takeover fraud: Detecting signs and implementing prevention strategies
In a recent post by Alessa, the company detailed how businesses can tackle account takeover fraud and ways to detect signs of it.
Team8 leads $5m seed round for FinTech start-up Ballerine
Ballerine, a leading player in the open-source risk decisioning platform arena, has announced a successful seed funding round.
Alviere and Hawk AI join forces to revolutionise AML tech
Alviere, a pioneering embedded finance platform provider, and Hawk AI, a leading anti-money laundering (AML) and fraud prevention tech provider for banking and payment companies, are teaming up.
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.
Anti-money laundering RegTech Hawk:AI teams with Ondato
Hawk:AI, which offers anti-money laundering surveillance technology, has partnered with KYC and customer onboarding company Ondato.
How QuantaVerse is applying AI and machine learning to improve AML...
Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.
UR Islamic Bank’s new partnership to combat money laundering in Iraq
UR Islamic Bank will implement Capital Banking Solutions’ integrated compliance platform to help prevent money laundering and tax evasion in Iraq.
FCA provides warnings to banks over money laundering failings
The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.
FCA warns cryptocurrency companies are failing to meet UK AML requirement
The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.