China defers new AML rules amid pushback and privacy concerns
The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.
7 reasons to update audit management software
People do not like change. Despite the improvements technology can have, firms stick to old, out-dated systems for their operations. This has left companies with inefficient workflows, prone to mistakes.
PayTech amnis partners with HAWK:AI to bolster AML capabilities
German RegTech HAWK:AI has teamed with amnis, a payment platform for SMEs, to strengthen the latter’s AML capabilities ahead of its imminent geographical expansion.
The dark link between money laundering and modern slavery
Money laundering and modern slavery may not seem to have many clear connections at first glance. However, there is more than meets the eye on this topic.
CyberTech platform BlueVoyant raises $250m Series D
Cybersecurity platform BlueVoyant has raised $250m in its Series D, of which, $125m was supplied by private equity firm Liberty Strategic Capital.
IoT CyberTech platform Phosphorus nets $38m
Phosphorus CybersecurityTM, a CyberTech platform aimed at IoT devices, has picked up $38m in its Series A funding round.
Swedish RegTech Acuminor nabs fresh investment
Sweden-based Acuminor has picked up SEK 19m ($2m) in an investment round to help it push into new markets.
Accounting software developer Ageras records $34m investment
Ageras, which aims to resolve admin burdens for small businesses, has collected $34m (€30m) in fresh funding.
Crypto companies join forces for new compliance solution
A group of US-based cryptocurrency companies have launched a new platform aimed at helping firms comply with the Travel Rule regulatory requirement.
SEC charges former Infinity Q Capital CIO with fraud claims
The US Securities and Exchange Commission (SEC) has charged James Velissaris, the former founder and chief investment officer of Infinity Q Capital Management, with overvaluing assets by more than $1bn while pocketing tens of millions of dollars in fees.