Tag: Standard Chartered

Microsoft has joined the Veritas consortium launched by the Monetary Authority of Singapore (MAS) to improve the trust of the use of artificial intelligence in the financial industry.

Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.

Venture capital-backed secure messaging app Symphony Communications has brought its total capital raised to more than $460m thanks to a new round led by Standard Chartered and MUFG Innovation Partners.

Standard Chartered has agreed to pay over $1bn for illegally processing transactions in violation of Iranian sanctions, the US Department of Justice has announced.

The Financial Conduct Authority has issued its second largest financial penalty ever for AML controls failings, after fining Standard Chartered Bank £102.2m for breaches in two areas of the business.

Standard Chartered has set aside $900m for potential fines from the US and UK regulators for failures in failures to comply with US sanctions laws and regulations.

Standard Chartered has partnered with Instabase to automate and optimise client onboarding, credit documentation and know you client processes.

Standard Chartered has hired a new group head of compliance after reportedly seeing its global financial crime head to step down.

Standard Chartered has bolstered its fight against financial crime by partnering with RegTech firm Silent Eight.