The European Commission makes four proposals to revamp AML and CFT efforts
The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.
AuthenticID receives $100m in minority investment from Long Ridge Equity Partners
AuthenticID, an identity proofing solution, has secured $100m in a minority investment from Long Ridge Equity Partners.
The EU’s new Anti-Money Laundering Authority welcomed by industry professionals
The European Union’s new Anti-Money Laundering Authority (AMLA) is being welcomed by many professionals in the financial services space.
Alessa whitepaper outlines key crypto know-how for financial institutions
Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.
Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations
Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.
EU plans to end cryptocurrency anonymity as part of AML plan
The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.
Why AI-powered adverse screening should be core software for FI’s
As risks of financial crime continue to rise in the digital world, companies will need to improve the use of technology-powered solutions. Adverse media screening is of growing importance and can offer more than just security.
Can modern technology assist regulated institutions in their AML commitments?
Technology has the potential to combat money laundering and terrorist financing (AML/CFT) therefore making compliance faster, cheaper and more efficient, according to a new blog post by Sigma...
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.
Financial anti-crime startup Quantexa snags $153m to accelerate growth
UK-based Quantexa has raised $153m in a funding round led by Warburg Pincus along with a slew of undisclosed blue-chip investors as it seeks...