Tag: Anti-Money Laundering

The coronavirus has not only wreaked havoc on the global economy, but also increased the risk of money laundering, fraud and cybercrime.

The Financial Action Task Force (FATF) has added an additional seven more countries to its high-risk jurisdictions list for deficiencies in their anti-money laundering or counter terrorism financing protocols.

The Fifth Anti-Money Laundering Directive (5AML) and eIDAS may empower Europe to create the world’s first digital single market, according to Electronic IDentification CEO Iván Nabalón.

The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup.

Seoul-based CHILDLY’s Dove Wallet is about to get a compliance boost thanks to a new deal with Argos, a global know your customer (KYC) and anti-money laundering (AML) startup.

Keeping a close eye on financial transactions has become big business and it is about to get bigger.

Tookitaki, a RegTech platform building “sustainable compliance management”, has reportedly raised $11.2m in funding.

HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.

Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks and opportunities.

The UK Gambling Commission has penalized betting company Ladbrokes Coral Group for not putting up enough safeguards against money laundering and gambling harm. But it’s not finished yet.