RegTech platform Zero Hash closes Series C round
Zero Hash has closed its Series C round, which was led by tastytrade, a Chicago-based holding company.
Mexican banks face huge money laundering threat – FIU
Seven big Mexican banks face a huge risk of being used for money laundering, according to new research from the Financial Intelligence Unit.
FCA investigates over 150 Covid-19 related scams
The Financial Conduct Authority (FCA) is investigating more than 150 coronavirus-related scams launched since the outbreak began, according to official figures.
Form3 scores $33m in its latest funding round
Cloud-native payment technology developer Form3 has scored $33m in funding, which will support the next growth stage of the company.
One in five South Korean banks struggle to update their AML solutions
New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.
Anti-money laundering and know your customer fines in 2020 totalled $5.6bn so far
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
US authorities seize millions in bitcoin linked to terrorism financing
The US justice department has announced that American authorities have seized millions of dollars in cryptocurrency linked to online terrorist financing campaigns involving Hamas, al-Qaeda and ISIS.
German anti-money laundering regulator failed to share warnings about Wirecard
The German Financial Intelligence Unit only sent a fracture of warnings about Wirecard's finances to the police and the public prosecutor's office.
Value of anti-money laundry fines have jumped to $706m since 2019
The amount businesses are fined for failing to live up to their anti-money laundering commitments have skyrocketed in the last year, according to new research from Duff & Phelps.
How Muinmos makes it easier for businesses to stay abreast of MiFID II
Having already established itself as a leader in automated regulatory compliance, Muinmos has now taken additional steps to make it easier for businesses to meet regulatory demands.
