Tag: AML

As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.

There are many benefits to a more globalised world. However, one of the key threats posed by an increasingly digitised and connected world is the scourge of money laundering.

The value of AML fines is falling as regulators turn their attention to cryptocurrency, according to a study by RegTech firm Kroll.

NICE Actimize has launched its X-Sight Entity Risk SaaS solution, which produces a single risk score that enables a financial institution to get a deeper understanding of clients.

In a new webinar series, Alessa explores the various elements of customer risk. In its latest one, it examines how firms can assess products and services, activity patterns and behaviours to uncover illicit activity.

Spanish neobank Rebellion Pay has chosen Sentinels, a transaction monitoring and client risk management platform, to bolster its AML compliance monitoring and risk profiling functions.

German RegTech Hawk AI has partnered with IXOPAY, a payment orchestration platform, to provide the former’s clients with a better fraud prevention offering.

The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.

German RegTech HAWK:AI has teamed with amnis, a payment platform for SMEs, to strengthen the latter’s AML capabilities ahead of its imminent geographical expansion.