How can technology be used to reduce AML, anti-bribery and corruption incidents within financial...
Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.
Singapore branch of Swiss bank fined for breaching anti-money laundering requirements
The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.
How name science can improve the automation capabilities in AML and anti-fraud processes
Combating money laundering and fraud is a tall order and while AI technology is being utilised to improve the battle, leveraging name science is key to unlocking the technology’s full potential.
Encompass Corporation receives funding from private equity firm Beacon
KYC automation Encompass Corporation has received an investment from Boston-based private equity firm Beacon Equity Partners.
Natwest faces money laundering charges by FCA over cash deposits
The Financial Conduct Authority (FCA) has begun criminal proceedings against banking giant NatWest Group PLC alleging that the company failed to follow anti-money-laundering regulations.
Industry responses to the US’ new Anti-Money Laundering Act 2020
The US Congress passed the Anti-Money Laundering Act 2020 and could be one of the most impactful changes to AML for two decades.
This new...
European Banking Authority publishes opinion on risks of money laundering and terrorist financing
The European Banking Authority (EBA) has outlined the risks of money laundering and terrorist financing impacting the European Union’s financial sector.
Quantifind releases Chinese language support for its Graphyte platform
Quantifind, which has built a SaaS solution used by banks to automate name screening and financial crimes investigations, has launched Chinese language support for...
It’s time to rethink risk management – Sigma Ratings
As the number of money laundering and financial crime cases keep growing, Sigma Ratings argues that it is time for financial services firms to rethink risk management.
270 service deposit addresses drive more than half of cryptocurrency money laundering
More than half of the world's cryptocurrency money laundering is made through 270 service deposit addresses, according to new research.
