More than four out of five anti-money laundering and customer onboarding professionals simply use...
While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google.
Court extends period it’s keeping Yes Bank’s co-founder in custody on money laundering charges
Rana Kapoor, the co-founder and former CEO of Yes Bank, is facing money laundering charges and will be staying in custody until at least March 20, a court has decided.
4Stop and ComplyAdvantage team up to fight the rising tide of fraud
The number of financial fraud attacks are on the rise, but RegTech companies 4Stop and ComplyAdvantage are hoping to fight back by partnering up.
Swedbank hires new chief risk officer to improve money laundering protection
Swedish lender Swedbank has named Rolf Marquardt as its new chief risk officer as the bank doubles down on its efforts to strengthen its anti-money laundering (AML) structures after the Danske Bank scandal.
A financial fraud attack uncovered every two minutes in Q4 of 2019
The number of financial fraud attacks increased at the end of 2019, according to a new report from RSA, the cybersecurity company.
FSB tells South Africa’s authorities to do more to secure financial stability
South Africa’s new bank resolution and deposit insurance measures are welcome, but more needs to be done to ensure financial stability in the country, according to a new report from the Financial Stability Board (FSB).
CFTC cancels open meeting due to coronavirus scares
The American Commodity Futures Trading Commission has cancelled an open meeting due to take place on March 19 in response to recently issued guidance from the Office of Management and Budget and the President’s emergency declaration regarding COVID-19.
ASIC takes Commonwealth Bank of Australia to court over failing to help gambler
The Australian Securities & Investments Commission (ASIC) is accusing Commonwealth Bank of Australia (CBA) of not taking account of a notification of customer that told them he was a problem gambler.
Riskonnect acquires GRC management solution Xactium
Integrated risk management solutions Riskonnect has acquired governance, risk and compliance (GRC) management software for an undisclosed amount.
RBC becomes first Canadian bank with digital government identity verification
Royal Bank of Canada (RBC) has become the first Canadian bank to implement digital government identity verification solutions.
