Articles with tag like: AML

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Swedbank to conform with AML/CTF regulations after Danish FSA decision

News | Digital Identity, Security & Online Fraud | 25 Nov 2021

Sweden-based Swedbank has announced that Denmark’s financial watchdog had decided that the Swedish bank’s branch in the country must adapt its AML and CTF regulations.

AML, regulation, digital identity, fraud prevention, banks

IDnow announces first UK channel partner

News | Digital Identity, Security & Online Fraud | 23 Nov 2021

IDnow, a Germany-based Platform-as-a-Service provider for identity verification, has partnered with UK-based Sphonic, enabling it to offer RegTech that meets global compliance standards.

digital identity, partnership, KYC, regtech, fraud prevention, AML, identity fraud, compliance

Cape partners FrankieOne

News | Digital Identity, Security & Online Fraud | 23 Nov 2021

Cape and FrankieOne have announced a strategic partnership to help Australia’s SME businesses.

partnership, KYC, AML, SMEs, fintech, regulation

GBG to acquire identity platform Acuant

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

UK-based fraud prevention company GBG has announced its plans to buy US-based identity platform Acuant fo USD 736 million to expand into the US.

digital identity, Acuant, KYC, AML, acquisition, fraud prevention

UAE's central bank issues new guidelines on AML

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

The Central Bank of the UAE (CBUAE) has issued new guidance on anti-money laundering and combating the financing of terrorism (AML/CFT) for licensed exchange houses (LEH).

AML, CFT, FATF, central bank, fraud management

ComplyAdvantage launches AML guide for digital banks

News | Digital Identity, Security & Online Fraud | 18 Nov 2021

ComplyAdvantage, a global data technology company for financial crime detection, has launched its new Anti-Money Laundering (AML) Guide For Digital Banks.

AML, CFT, digital banking, regulation, online security

FSS warns KakaoBank to improve its AML system

News | Digital Identity, Security & Online Fraud | 15 Nov 2021

Financial Supervisory Service (FSS), South Korea’s financial watchdog, has warned KakaoBank to improve its monitoring system that protects against money laundering.

banks, AML, regulation, transactions , risk management

Shufti Pro partners NSUR

News | Digital Identity, Security & Online Fraud | 12 Nov 2021

NSUR and Shufti Pro have entered a strategic partnership to perform KYC and AML checks on cryptographic token users. 

partnership, KYC, AML

Cryptocurrency Compliance Cooperative adds 11 new members

News | Cryptocurrencies | 12 Nov 2021

The Cryptocurrency Compliance Cooperative (CCC) has added 11 new members and explained how the group will focus its efforts to create a safer environment for consumers in the cash-to-crypto space.

cryptocurrency, compliance, blockchain, AML

Turkey now on FATF's list of doubtful AML and CFT practices

News | Digital Identity, Security & Online Fraud | 11 Nov 2021

The Financial Action Task Force (FATF) has added Turkey to its list of jurisdictions subject to increased monitoring (also known as the FATF Gray List).

AML, FATF, CFT, online security

Matrix teams up with Elliptic

News | Digital Identity, Security & Online Fraud | 11 Nov 2021

Matrix, a global virtual asset trading platform, has partnered with Elliptic, a provider of virtual asset risk management and blockchain analytics solutions, to protect traders on its platform. 

partnership, AML, risk management, blockchain, KYC, digital onboarding

Kazakhstan introduces AML legislation on cryptocurrency platforms

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

Members of the upper house of Kazakhstan’s parliament, the Senate, have passed a law that will impose financial monitoring on crypto platforms.

cryptocurrency, AML, KYC, regulation, transaction monitoring

The importance of investigations solutions for crypto service providers

Voice of the Industry | Cryptocurrencies | 10 Nov 2021

Scott Pounder, Head of Investigations at Crystal Blockchain, explains the importance of having an Investigation-as-a-Service solution if you are a bank, FI, or crypto service provider

money laundering, blockchain, AML, cryptocurrency, compliance, KYC

Indonesia to launch retail payment system infrastructure

News | Mobile Payments | 08 Nov 2021

Bank Indonesia has delivered Bi-Fast, a real-time payment system infrastructure, to serve industrial consolidation and end-to-end integrated digital economy.

payment methods, AML, CFT, retail, product launch

How blockchain analytics can help to combat cryptocurrency-based crime

Voice of the Industry | Cryptocurrencies | 04 Nov 2021

Chainalysis’ Head of Global Investigations, Janey Young reveals for The Paypers ways to leverage cryptocurrency’s inherent transparency to ensure that the new financial system is safe from abuse

blockchain, financial crime, AML, cryptocurrency, compliance

Morpho Labs partners with Shufti Pro for KYC/AML-compliant ID checks

News | Digital Identity, Security & Online Fraud | 03 Nov 2021

France-based fintech startup Morpho Labs has selected UK-based digital identity verification platform Shufti Pro for KYC and AML checks on cryptocurrency investors.

digital identity, identity verification, startup, KYC, AML, FATF, artificial intelligence

Finastra expands payments compliance offering with Fincom.co

News | Digital Identity, Security & Online Fraud | 02 Nov 2021

Finastra has introduced new anti-money laundering (AML) compliance capabilities integrated with its Fusion Global PAYplus core payments solution, via Fincom.co and the FusionFabric.cloud open developer platform.

partnership, Finastra, AML, compliance

Australia's CBA pleads guilty for fraud charges

News | Digital Identity, Security & Online Fraud | 29 Oct 2021

Commonwealth Bank of Australia has pleaded guilty to 30 criminal charges for mis-selling consumer credit insurance between 2011 and 2015.

retail banking, fraud management, AML, regulation

Prove launches onboarding solution with KYC included

News | Digital Identity, Security & Online Fraud | 27 Oct 2021

US-based phone-centric identity company Prove, has announced that its Prove Pre-Fill and other onboarding solutions now include KYC and AML checks.

KYC, AML, product upgrade, digital onboarding, fraud prevention

Open Systems Technologies partners with Shufti Pro for KYC provision

News | Digital Identity, Security & Online Fraud | 27 Oct 2021

UK-based digital identity verification platform Shufti Pro has partnered with Open Systems Technologies to help financial institutions mitigate identity fraud while in line with AML/KYC regulations.

digital identity, artificial intelligence, identity verification, KYC, AML, partnership