Tag: Anti-Money Laundering

The Financial Conduct Authority has issued its second largest financial penalty ever for AML controls failings, after fining Standard Chartered Bank £102.2m for breaches in two areas of the business.

Portuguese bank Banco CTT has selected Fiserv to enhance its anti-money laundering capabilities.

European Union governments have reportedly reached a preliminary deal for boosting efforts to counter money laundering.

RegTech100 company Know Your Customer has partnered with Hong Kong-based FinTech company Neat.

Tradeshift, a supply chain payments and marketplaces, has partnered RegTech100 company kompany to reduce supply chain risk.

Hummingbird, a provider of anti-money laundering and counter-terrorist financing investigations, has raised $3m.

RegTech 100 company Trulioo claims it is able to verify five billion people through its flagship electronic identity verification platform.

Global financial institutions have been fined $26bn for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions regulations in the last decade, according to new research.

Akbank has become the first bank in Turkey to deploy facial recognition for mobile banking authentication.

PWC has bolstered its financial crime operations by buying anti-money laundering and sanctions screening tool KYC-Pro.