Tag: Anti-Money Laundering

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.

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.