Articles with tag: cft

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EBA publishes work programme for 2021, with focus on innovation and fighting AML/CFT

01 Oct 2020 | Payments General

The European Banking Authority (EBA) has published its annual work programme for 2021, describing the activities and tasks of the Authority for the coming year and highlighting its key strategic areas of work.

AML/CFT, EBA, financial innovation, banks, financial sector, Environmental, Social, Governance, Covid 19

EU Commission advised to establish a single rulebook on fighting money laundering and terrorist financing

11 Sep 2020 | Digital Identity, Security & Online Fraud

The European Banking Authority (EBA) has published its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

anti-money laundering, financing of terrorism, AML, CFT, EBA, EU, financial services, EC, risk management

The Wirecard scandal - how digitalisation can be marshalled to tackle money launderers

23 Jul 2020 | Digital Identity, Security & Online Fraud

In the future, banks that are not as internationally networked in money laundering prevention as the perpetrators will remain easy to outsmart

HAWK:AI, AML, CFT, FIU, financial crime, money laundering, Tobias Schweiger, AI, machine learning, digitalisation, fraud prevention, Wirecard scandal, FATF, Bafin, Germany, Wirecard Bank

PayPal confirms plans to enter the crypto market

17 Jul 2020 | Cryptocurrencies

Digital payments company PayPal has published a letter to the European Commission revealing that is developing crypto-asset management capabilities.

PayPal, crypto, digital payments, European Commission, crypto-assets, cryptocurrency market, AML, CFT

Deutsche Bank enters settlement with CFTC for data reporting and spoofing cases

22 Jun 2020 | Payments General

Deutsche Bank has entered a settlement with the US Commodity Futures Trading Commission (CFTC) over allegations of market manipulation and violations in swap data reporting, resulting in a penalty of more than USD 10 million.

Deutsche Bank, DB, data, spoofing, US, Commodity Futures Trading Commission, CFTC, Germany, Deutsche Bank Securities, Tokyo, DBSI

Danske Bank selects Behavox technology for compliance supervision

04 Jun 2020 | Online & Mobile Banking

Denmark-based Danske Bank has  selected US-based Behavox, an AI-based end-to-end data operating platform, for electronic and audio communication compliance supervision.

Danske Bank, banks, Denmark, Behavox, risk management, US, Ai, data, machine learning, FCA, FINRA, CFTC, Dodd-Frank, MAR, FCPA, SMR, MiDID II

UAE's FIs requested to use regtech to follow AML guidelines

08 May 2020 | Digital Identity, Security & Online Fraud

The United Arab Emirates’ (UAE) regulatory authorities have asked local businesses to implement appropriate fintech and regtech solutions to counter money laundering. 

financial service providers, UAE, regulatory authorities, AML, fintech, regtech, CFT, covid19, outbreak, FATF report, KYC, UAE Pass, Emirates ID, UAE validation platform

New requirements on crypto exchanges voted by South Korean lawmakers

06 Mar 2020 | Cryptocurrencies

South Korean lawmakers have voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s crypto economy.

cryptocurrency exchanges, South Korea, AML, VASP, CFT, virtual asset service providers, virtual assets, regulators

LHoFT and CFTE to establish the Luxembourg Academy of Digital Finance

15 Nov 2019 | Payments General

Open Banking Report 2019

The Luxembourg House of Financial Technology (LHoFT), a dedicated fintech center, and the Centre for Finance, Technology and Entrepreneurship (CFTE) are establishing the Luxembourg Academy of Digital Finance.

LHoFT, CFTE, fintech, digital, blockchain, artificial intelligence, regtech, insurtech, cybersecurity

AML and CFT obligations for digital assets high on the US regulatory bodies agenda

15 Oct 2019 | Digital Identity, Security & Online Fraud

Financial institutions (FIs) working in digital assets have been required by US regulatory bodies to pay attention to their anti-money laundering and counter-terrorism financing (AML/CFT) obligations under the Bank of Secrecy Act (BSA).

FIs, AML, CFT, digital assets, fraud prevention, online security, regulatory body, Bank of Secrecy Act

Elliptic reveals Data Set for crypto AML

05 Aug 2019 | Cryptocurrencies

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML).

Elliptic, launch, data, cryptocurrency, digital assets, money laundering, AML, illicit transactions, violations, terrorist financing, CFT, exchanges, regulations

Facebook discusses with CFTC about GlobalCoin

03 Jun 2019 | Cryptocurrencies

Facebook has started a discussion with the US Commodity and Futures Trading Commission (CFTC) over GlobalCoin.

Facebook, stablecoin, remittances, money transfers, blockchain, GlobalCoin, CFTC

The Fifth EU Anti-Money Laundering Directive and its impact on fintechs

12 Apr 2019 | Expert Opinion

Nans Lorenzini, Limonetik, presents the way in which the Fifth EU Anti-Money Laundering Directive impacts fintech companies in Europe 

Nans Lorenzini, Limonetik, Europe, EU, 5AMLD, PACTE, AML-CFT, Fifth EU Anti-Money Laundering Directive, fintechs, 4AMLD, bank, cryptocurrencies, PSD2, KYC, KYB, TRACFIN, prepaid card, terrorist financing

CFTC orders crypto trader to pay over USD 1.1 mln for Bitcoin fraud

13 Nov 2018 | Cryptocurrencies

The Commodity Futures Trading Commission (CFTC) has accused Joseph Kim of a fraudulent Bitcoin and Litecoin scheme and required him to pay more than USD 1.1 million.

Bitcoin, Litecoin, cryptocurrency, fraud, Bitcoin fraud, Commodity Futures Trading Commission, CFTC