Merrill Lynch’s $7.5m SAR fine exposes threshold risk
The US SEC has hit Bank of America's Merrill Lynch arm with a $7.5m civil penalty after finding the firm failed to file numerous...
Salv joins GASA as scam fight goes cross-border
Salv has become a Supporting Member of the Global Anti-Scam Alliance (GASA), a worldwide network that brings together banks, technology firms, regulators, law enforcement...
Machhapuchchhre Bank taps ZIGRAM to fight financial crime
Machhapuchchhre Bank Limited (MBL), one of Nepal's foremost commercial lenders, has picked ZIGRAM's Complete AML System in a bid to bolster its defences against...
Tangos lands $20m to automate financial crime probes
Tangos AI, an autonomous AI platform built for financial crime investigations, has secured $20m in seed funding to tackle what it sees as one...
Is your FinTech’s fraud stack already obsolete?
The fraud landscape confronting UK FinTechs has shifted dramatically. Synthetic identity fraud, account takeover attacks, mule accounts and AI-generated documentation now dominate a threat...
KYND launches cyber risk analytics platform for insurers
KYND, a cyber risk intelligence provider, has launched Portfolio Analytics, a platform designed to help cyber insurers gain visibility into portfolio-wide exposures and track...
The confidence trap in financial crime risk assessments
Ask most organisations how mature their financial crime risk assessment capabilities are and the answers tend to be strikingly confident. Years of running assessments,...
Can banks trust AI agents? MAS unveils SAFR framework
The Monetary Authority of Singapore (MAS), the city state's central bank and financial regulator, has joined forces with major financial institutions and FinTechs to...
UK takes FATF helm with fraud crackdown at the core
The United Kingdom, home of the global RegTech and financial crime compliance industry's key policymakers, has assumed the Presidency of the Financial Action Task...
LexisNexis partnership to tackle mobile fraud blindspots
LexisNexis Risk Solutions, the global risk intelligence provider, has formed a strategic alliance with Promon, a mobile application security specialist, to strengthen fraud prevention...
