Tag: financial crime.

Li Yonghui, the chairman and CEO of New York-listed FinTech firm Fincera, has been detained by Chinese police under suspicion of illegally accepting public funds.

The US’ Financial Crimes Enforcement Network (FinCEN) has issued guidance around regulatory requirements of virtual currencies.

Simudyne, a platform which hosts financial market simulations to identify fraud, has pulled in $6m in Series A of fundraising.

Arctic Intelligence has extended it partnership with Deloitte to help build stronger financial crime risk and exposure management services.

Financial criminals are winning, so organisations need to be more vigilant and work together to combat it, according to Anthony Quinn, founder and CEO at Artic Intelligence.

NICE Actimize has launched a machine-learning based Platform-as-a-Service designed to power the financial crime risk management marketplace.

LexisNexis has launched new product initiatives for banks to comply with global economic sanctions regulations and financial crime risks.

Feedzai has launched a solution to find and visualise complex financial crime patterns using link analysis graph technology.

PWC has bolstered its financial crime operations by buying anti-money laundering and sanctions screening tool KYC-Pro.

A federal court in Brooklyn, New York, has made the first-ever conviction for failing to comply with the Foreign Account Tax Compliance Act (FATCA).