ThetaRay unveils financial crime prevention tool for cross-border payments
Compliance technology provider ThetaRay has launched SONAR, a financial crime prevention solution for cross-border payments.
EU slaps £319m fine on UBS, Nomura and UniCredit for bond cartels
The EU’s antitrust office has fined UBS Group, Nomura Holdings and UniCredit £319m for participating in a European Government Bonds (EGB) trading cartel.
Just 52% of staff in European financial institutions believe their board has is a...
Just over half of employees in European financial institutions believe there is a strong attitude towards anti-financial crime (AFC) from the top, new research claims.
Microsoft releases test lab for simulated cyberattacks
Software giant Microsoft has released SimuLab, an open-source lab technology that will help its platform defences fight against real attack scenarios.
FCA extends SCA deadline to lessen consumer, merchant impact
The Financial Conduct Authority (FCA) has extended the introduction of strong customer authentication (SCA) rules till March 2022 to reduce disruption to consumers and merchants.
Deutsche Bank bolsters Asia presence with Singapore ESG centre
Deutsche Bank has revealed it is establishing an environmental, social and governance (ESG) Centre of Excellence (COE) in Singapore.
Ransomware DarkSide made $90m in ransom payments, blockchain firm finds
Blockchain analysis firm Elliptic has discovered the DarkSide ransomware variant made an estimated $90m in ransomware payments since October 2020.
ComplyAdvantage boosts market consolidation with $70m Series C
Financial crime detection firm ComplyAdvantage has secured $20m from Goldman Sachs Growth Equity through an extended Series C round.
Modularbank, Veriff partner to bolster ID verification and KYC capabilities
Estonian core banking provider Modularbank has teamed with identity verification software company and compatriot Veriff to boost its compliance and know-your-customer (KYC) offering.
SEC charges healthcare company with multimillion dollar fraud
The Securities and Exchange Commission (SEC) charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4m from over 130 investors nationwide through the sale of membership units in the company.