Australia expands AML regulations: What Tranche 2 entities need to know by 2026
In 2024, the Australian Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill, significantly expanding the country’s financial regulatory framework. The legislation...
FinTech startup Duna raises €10.7m to streamline business identity compliance
Duna, an Amsterdam-based FinTech company, has secured €10.7m in seed funding to accelerate its mission of transforming how businesses manage identity compliance.
The round was...
AI and accurate data: the future of sanctions and AML screening
In an increasingly complex global risk landscape, the quality and timeliness of screening data have become central to compliance strategies.
TechDemocracy and authID partner to drive passwordless authentication at scale
authID has announced a new strategic partnership with cybersecurity services firm TechDemocracy to support widespread adoption of passwordless identity solutions across enterprise environments.
How proactive TIN matching supports digital asset compliance
As tax regulation evolves to include digital assets, businesses must shift from reactive to proactive compliance strategies. A key focus has been the expanded scope of Section 6045 and 6045A, which now categorises digital asset trading platforms, wallet providers, and payment processors as brokers. This change subjects them to the same IRS reporting standards as traditional securities, creating new obligations for tax information collection and verification.
Why banks must replace, not augment, legacy AML systems
Many financial institutions are still holding onto legacy anti-money laundering (AML) systems, opting to layer new technology over outdated infrastructure rather than starting afresh.
While...
Smarter onboarding: Reducing fraud, cost and friction with real-time verification
Effective onboarding has become a critical business function, serving not just as the first touchpoint for customers and vendors but as a reflection of a company’s values and operational maturity.
Navigating the gap between AI advancements and compliance needs
Artificial intelligence is advancing at breakneck speed, reshaping industries and decision-making processes. Yet, regulatory frameworks and compliance systems are struggling to adapt in real...
FCA postpones SDR extension for portfolio managers amid industry concerns
The FCA has announced it will not move forward, for now, with plans to extend its Sustainability Disclosure Requirements (SDR) and sustainable investment labelling...
Why deepfakes are the next big threat to finance and the urgent steps to...
A mid-sized FinTech company recently became a cautionary tale of how dangerous deepfakes have grown. In what appeared to be a routine video call,...
