Articles with tag like: AML

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Financial crime compliance cost for FIs to reach USD 213.9 bln, LexisNexis Risk Solutions finds

News | Digital Identity, Security & Online Fraud | 10 Jun 2021

The projected total cost of financial crime compliance across all financial institutions reached USD 213.9 billion in 2021, according to LexisNexis Risk Solutions study.

compliance, financial crime, KYC, AML, report, risk management, LexisNexis

Acuant extends partnership with BITPOINT LATAM

News | Cryptocurrencies | 09 Jun 2021

US-based Acuant has announced an expanded partnership with BITPOINT LATAM, a crypto-to-FIAT exchange in Latin America.

partnership, Acuant, Bitcoin, identity verification, KYC, AML

Best practices in business onboarding

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 Jun 2021

Marco Fava, Managing Director at CleverAdvice, explains how Nexi developed an end-to-end digital onboarding process and extended it to Italian banks

digital onboarding, financial services, ecommerce, merchants, online payments, regulation, KYC, AML, banks

QuantaVerse launches Fast Start programme

News | Digital Identity, Security & Online Fraud | 08 Jun 2021

QuantaVerse has launched the High-Risk Entity Report Fast Start for banks interested in cutting costs and improving the accuracy and consistency of their high-risk entity review programme.

product launch, AML, machine learning, financial crime

Obligations for Canadian businesses dealing in virtual currencies take effect

News | Cryptocurrencies | 08 Jun 2021

Amendments to the Proceeds of Crime - Money Laundering and Terrorist Financing Act (PCMLTFA) have come into effect begging of June 2021.

cryptocurrency, AML, money laundering, compliance, money transfer

Crypto firms fall short on AML rules, FCA says

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

The Financial Conduct Authority (FCA) has said that many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules.

FCA, cryptocurrency exchange, cryptocurrency, AML, compliance

RBI lets banks do their due diligence for virtual currencies

News | Cryptocurrencies | 04 Jun 2021

The Reserve Bank of India (RBI) has notified banks and payment system providers that these are free to carry out their due diligence for customers dealing in virtual currencies.

cryptocurrency, cryptocurrency exchange, KYC, AML, CDD, RBI

ITCS Trade to use iDenfy service for ID verification

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

ITCS Trade, a Kazakhastan-based fintech, has selected iDenfy to help them with ID verification solutions for new customers signing up for the ITCS Trade trading platform.

iDenfy, identity verification, partnership, AML, KYC

Veriff launches new Anti-Money Laundering compliance product

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

Veriff, a global identity verification provider, has released its new Anti-Money Laundering (AML) compliance product.

Veriff, identity verification, KYC, AML, product launch

The compliance evolution - with Bottomline

Voice of the Industry | Digital Identity, Security & Online Fraud | 03 Jun 2021

We sat down with William Brown from Bottomline and discussed the actions companies need to take to combat money laundering and terrorist financing trends

AML, KYC, compliance, regulation, data sharing

New digital KYC platform launched in Greece

News | Digital Identity, Security & Online Fraud | 28 May 2021

The Greek Ministry of Digital Governance has launched a new digital KYC platform in the context of the Greek Government’s initiative on digitising some bureaucratic procedures.

KYC, money laundering, AML, identity verification, digital identity, compliance

EBA consults on cooperation and information exchange in the area of AML/CFT

News | Digital Identity, Security & Online Fraud | 28 May 2021

The European Banking Authority (EBA) has launched a public consultation on its new guidelines on cooperation and information exchange in anti-money laundering and countering the financing of terrorism.

EBA, AML, banks, data sharing, money laundering

BASIS ID partners with Kemit kingdom to support the African Community

News | Online & Mobile Banking | 25 May 2021

BASIS iD has partnered with startup company Kemit Kingdom to support its project, Wakanda Messenger, which provides access to financial services by fail-safe and digital identity verification.


partnership, financial services, identity verification, digital identity, remittance, ecommerce, KYC, AML, PSD2, GDPR

Teams – fighting financial crime and winning together

Voice of the Industry | Digital Identity, Security & Online Fraud | 24 May 2021

When explaining the evolution of Homo Sapiens and the rise of humans, Israeli historian Yuval Noah Harari mentions in his book Sapiens: A Brief History of Humankind that collaboration and storytelling are top traits that have led to human evolution success

KYC, digital onboarding, financial crime, cybersecurity, data sharing, COVID-19, fraud prevention, AML, regtech

ComplyAdvantage announces new investing by Goldman Sachs

News | Digital Identity, Security & Online Fraud | 21 May 2021

ComplyAdvantage has announced a new investment by the Growth Equity team in Goldman Sachs Asset Management

ComplyAdvantage, Goldman Sachs, AML, funding, startup, KYC, financial crime

SkyPoint Federal Credit Union leverages Sensibill's receipt management solution

News | Online & Mobile Banking | 21 May 2021

SkyPoint Federal Credit Union has launched the Sensibill’s digital receipt management solution to improve the digital experience for members and unlock data for the institution.  

partnership, data, artificial intelligence, AML, digital banking

Acuant partners Airside to provide mobile identity verification

News | Digital Identity, Security & Online Fraud | 20 May 2021

Acuant, an identity platform for fraud prevention and AML compliance, and Airside, a digital identity management provider, has partnered to provide mobile identity verification. 

Acuant, partnership, digital identity, fraud prevention, AML, compliance, identity verification, data

Efficient AML/KYC Compliance During a Recession - Deloitte Reg Tech Lab

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 May 2021

Anna Werner and Manfred Wandelt from Deloitte Reg Tech Lab discuss the impact of COVID-19 on AML and KYC compliance in Europe, the challenges faced, and the role of digitalisation in all of this

AML, KYC, COVID-19, compliance, regulation, financial crime

SmartSearch launces its anti-money laundering platform, SmartOne

News | Digital Identity, Security & Online Fraud | 19 May 2021

Anti-money laundering company SmartSearch has launched a new product to combat fraud in sectors such as online retail, recruitment, and gambling.

product launch, AML, fraud prevention, KYC, COVID-19

VIALET selects Sentinels as their AML transaction monitoring platform

News | Digital Identity, Security & Online Fraud | 19 May 2021

Transaction monitoring and client surveillance solution provider Sentinels has teamed up with Lithuanian EMI (Electronic Money Institution) VIALET to support their compliance efforts.

partnership, transaction monitoring, data, financial services, AML, money laundering