Legislation

The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup.

Despite the large adoption of digital banking services in the UK, many providers do not have safeguards in place for if their services go down. In the event of a system failure, it can mean millions of customers are left in the dark about their finances, unable to check accounts or even complete transactions.

Seoul-based CHILDLY’s Dove Wallet is about to get a compliance boost thanks to a new deal with Argos, a global know your customer (KYC) and anti-money laundering (AML) startup.

Regulatory compliance company Ascent continues its winning streak by expanding its coverage of Australian laws.

Two regulatory watchdogs in Australia and Britain have signed a memorandum of understanding (MOU) to tighten their collaboration in their fight against financial crimes.

Personal finance app Yolt has decided to remove support for HSBC credit cards and savings accounts, following PSD2 developments.

Mirae Asset Daewoo, a South Korean company, has been fined $700,000 for spoofing the Chicago Mercantile Exchange between December 2014 and April 2016.

Keeping a close eye on financial transactions has become big business and it is about to get bigger.

Spanish bank BBVA is implementing Nok Nok Labs’ biometric technology to improve its security and user experience for its mobile banking.

The European Banking Authority (EBA) has recognized data management, technological infrastructure, organization, and governance and analytics methodology as the four key areas for big data and advanced analytics rollout.