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.
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.
Collaborative crime-fighting technology dev Salv scores €4m
Salv, which has built collaborative crime-fighting technology, has raised €4m for its seed round extension.
Bitzlato founder charged with illicit money transmitting
Anatoly Legkodymov, founder and majority owner of cryptocurrency exchange Bitzlato, has been charged for alleged illicit money transmitting.
Federal prosecutors seize nearly $700m in assets from FTX founder
Federal prosecutors have reportedly seized around $700m in assets from FTX founder Sam Bankman-Fried, as part of an ongoing court case.
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.
SEON partners with tbi bank to bolster fraud prevention
Fraud prevention company SEON has partnered with challenger bank tbi bank, to deploy its machine learning-powered fraud detection platform.
Financial crime prevention spend to exceed $28bn by 2027
Global software spend on financial crime prevention tools will exceed $28.7bn by 2027, up from $22.1bn in 2023, Juniper Research claims.
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Anti-fraud specialist Detected secures £2.5m in ongoing seed round
Detected, a FinTech specialised in extracting actionable anti-fraud data from enterprise payment accounts, has raised £2.5m in an ongoing seed round totalling £6m.
