Tag: CTF

Westpac has appointed Promontory has been appointed to conduct the external accountability and financial crime program review, following the bank’s numerous money laundering accusations.

Silent Eight, which uses AI to combat money laundering and terrorism financing, is looking to grow its team after closing $6.2m funding round.

Elliptic, a crypto-asset risk management platform, has collected $23m in its Series B round led by SBI Group.

Hong Kong Monetary Authority (HKMA) and the country’s banking sector commended on its AML and terrorist financing risks protocols by task force.

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).

German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.

Australia-based Life insurance firm TAL has partnered with Arctic Intelligence to support its AML and risk assessment processes.

New Zealand’s Financial Markets Authority (FMA) will increase reviews on independent audits as well as client onboarding and account monitoring processes.

The European Commission has adopted a new list of 23 countries with weak anti-money laundering and terrorist financing regimes.

Accuity, financial crime compliance, payments and KYC solution provider, has teamed with DEGIRO to automate customer account screening.