Tag: AML

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.

Anti-money laundering compliance technology developer Hummingbird RegTech has scored $8.2m in its Series A round.

A leaked FBI bulletin calls for increased regulatory scrutiny of private equity firms and hedge funds to better fight money laundering. The bulletin was part...

RegTech Arachnys has signed up to help Momenta Group, the London-based contingent resourcing firm, to bolster its client onboarding and anti-money laundering (AML) efforts.

The European Commission has referred Austria, Belgium and the Netherlands to the Court of Justice of the European Union for failing to wholly implement the fourth anti-money laundering directive (AMLD4) into national law.

With the chaos the coronavirus has put the world in, it’s easy for certain things to slip under the radar, the problem is these can be just as damaging to the business as the pandemic.

In its mission to rebuild trust in the banking industry, Icelandic neobank indó has signed a partnership with Lucinity to bolster its anti-money laundering (AML) defences.

In a bid to up the ante in the fight against dirty money, SmartSearch has added a new facial recognition feature to its digital anti-money-laundering (AML) platform to bolster security in the days of COVID-19.

The number of financial fraud attacks are on the rise, but RegTech companies 4Stop and ComplyAdvantage are hoping to fight back by partnering up.

The Swiss Financial Market Supervisory Authority (FINMA) has outlined several measures Swiss private bank Julius Baer must implement after being found of “serious AML failings.”