The hallmarks of a strong customer risk assessment process
Customer risk assessments are a vital part of AML and KYC processes. Flagright, an all-in-one AML compliance system, has outlined the best practices of an assessment process.
Blockchain intelligence platform Elementus snares $10m
Elementus, a blockchain intelligence platform aimed at helping financial institutions and crypto exchanges, has raised $10m in its Series A-1 round.
Why there is a growing need for KYC automation and transformation
For those in the business of fighting financial crime, 2022 was a hectic and challenging year, with the war in Ukraine and new challenging KYC trends being key threats.
Maryland-based CyberTech Foretrace bags $500,000
Maryland-based CyberTech Foretrace has received $500,000 in seed funding from TEDCO, an investor focused on technology companies in Maryland.
Bank of Nevis first Caribbean bank to leverage Tookitaki’s AML software
Bank of Nevis International has become the first Caribbean bank to implement Tookitaki’s anti-money laundering technology.
Sigma Ratings names Alexandre de Villiers as chief of staff
Automated relationship risk management developer Sigma Ratings has named Alexandre de Villiers as its new chief of staff – VP of operations.
AML and fraud prevention RegTech Hawk AI scores $17m in Series B
Germany-based RegTech Hawk AI, which provides AML and fraud prevention technology to banks and payments companies, has secured $17m in its Series B.
AML provider Alessa names Holly Sais Phillippi as CEO
Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.
GDPR fines totalled €2.9bn last year
European data regulators deployed €2.92bn in GDPR fines last year, a year-on-year increase of 168%, according to a survey from DLA Piper.
How AML shaped the world in 2022
Sentinels has released a report on how AML shaped the world in 2022, exploring the most impactful moments of the year.
