Official warns too much Russian money is being laundered in the UK
One of the UK's top officials fighting money laundering has warned that a "disturbing" amount of Russian money is being funnelled through the country.
Financial crime investigation company Quantifind secures $22m round
Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has raised a $22m round.
FinCEN slams Capital One with $390m fine for “egregious” AML breaches
FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.
HMRC publishes list of companies fined over $23.8m in total for breaching money laundering...
HM Revenue and Customs has named and shamed businesses that have been fined a total of more than £23.8m for breaking money laundering laws.
Cybersecurity company Sysnet acquires PCI compliance company NuArx
Cybersecurity and compliance solution platform Sysnet Global Solutions has acquired NuArx to help support its own market expansion.
Capnovum is boosting compliance with AI
Capnovum’s solution slashes the time needed to keep up with regulations from weeks to minutes. The startup is now ambitiously accelerating the growth of its industry agnostic platform.
Sigma Ratings welcomes new US anti-money laundering law
Following the intense scrutiny of the FinCEN Files, US lawmakers have introduced new legislation to fight money laundering.
Revealing the top ten RegTech investors in 2020 so far
Venture capital firms continued to actively back RegTech companies in 2020 as financial institutions left the space.
Firms paid $10.4bn in fines over the last year for breaking money laundering, privacy...
The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.
LEVERIS inks partnership with financial crime-fighting RegTech ComplyAdvantage
Digital banking and lending platform company LEVERIS has signed a partnership with ComplyAdvantage, the financial crime detection company.
