Articles with tag like: CFT

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Estonia regulates DeFi and ICOs with new AML/CFT law

News | Cryptocurrencies | 05 Jan 2022

Estonia has amended its anti-money laundering laws to extend oversight over decentralised finance (DeFi) platforms and initial coin offerings (ICOs).

regulation, AML, CFT, cryptocurrency, cryptocurrency exchange, DeFi

EBA publishes final Guidelines to strengthen AML/CFT supervision in the EU

News | Digital Identity, Security & Online Fraud | 17 Dec 2021

The European Banking Authority (EBA) has published its final Guidelines on cooperation and information exchange between prudential supervisors, AML/CFT supervisors, and financial intelligence units.

EBA, AML, CFT, regulation, data

Identitii joins global NICE Actimize X-Sight marketplace

News | Digital Identity, Security & Online Fraud | 09 Dec 2021

Australia-base fintech Identitii has announced it has joined the NICE Actimize X-Sight marketplace, which matches technology providers with companies searching for financial crime solutions.

fintech, AML, CFT, compliance, partnership, NICE Actimize, digital identity

Pakistan's builders and developers now conditioned by AML law

News | Digital Identity, Security & Online Fraud | 01 Dec 2021

Pakistan’s tax body has imposed a condition on builders and developers under the Anti-Money Laundering Act, 2010 regarding transfer and registration of property.

AML, financial crime, regulation, CFT

Austria's FMA revokes registration of virtual asset provider BTM Service

News | Cryptocurrencies | 01 Dec 2021

The Austrian financial supervisory authority has cancelled the registration of Germany-based crypto ATM provider BTM Service.

cryptocurrency, AML, digital assets, CFT

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

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

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

New Zealand's Ministry of Justice assesses AML/CFT regulation and calls for changes

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

The government of New Zealand has announced its statutory review will release information about how the AML/CFT act has performed since it’s commencement and whether any changes are necessary.

regulation, AML, CFT, fraud prevention, FATF

Portugal approves two cryptocurrency exchanges

News | Cryptocurrencies | 23 Jun 2021

Portugal now has two approved cryptocurrency exchanges, Mind the Coin and Criptoloja.

cryptocurrency exchange, regulation, central bank, AML, CFT

BaFin orders N26 to prevent money laundering and terrorist financing

News | Digital Identity, Security & Online Fraud | 13 May 2021

Germany-based financial authority BaFin has ordered N26 to implement appropriate internal controls and safeguards and comply with general due diligence requirements to prevent money laundering and terrorist financing.

BaFin, N26, AML, CFT

Why knowing who's behind a business is essential for managing risk

Voice of the Industry | Digital Identity, Security & Online Fraud | 27 Apr 2021

Getting behind who really owns and controls a company is fundamental to satisfying regulatory requirements as well as understanding risk, explains Christian Chmiel, Chief Innovation Officer, Web Shield

risk management, AML, merchants, CFT, transactions , digital identity

The Monetary Authority of Singapore sets new AML/CFT guidelines

News | Cryptocurrencies | 29 Mar 2021

MAS (Monetary Authority of Singapore) has published a new infographic setting out its supervisory expectations on AML/CFT controls for the Digital Payment Token (DPT) sector.

digital currency, AML, CFT, regulation

ABA Bank chooses Alessa for AML compliance

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

Cambodia-based ABA Bank has selected Alessa to provide its transaction monitoring, risk scoring, fraud detection, and regulatory reporting needs to extend its compliance to AML and CFT regulations.

AML, banks, regulation, CFT, fraud management, risk management

Quantifind gets USD 22 mln to automate financial crimes investigations

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

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has announced a strategic growth funding round of USD 22 million.

Quantifind, funding, financial crime, machine learning, data, banking, anti-money laundering, fraud investigations, AML, CFT, Graphyte

Australia Post selects Napier compliance tech to extend AML/CTF services

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

Australia Post has selected the anti-money laundering and counter-terrorism financing (AML/CTF) technology platform from Napier, a UK-based intelligent compliance technology company.

AML, CFT, Australia Post, regtech, partnership, Australia, machine learning, AI, Napier, compliance, compliance software

NDAA 2021: landmark AML reforms pass Congress

News | Digital Identity, Security & Online Fraud | 24 Dec 2020

On 11 December 2020, the United States Congress passed a wide-ranging bill that broadens and updates the Bank Secrecy Act (BSA).

AML, CFT, BSA, money laundering, financial crime, United States Congress, banks, FI, virtual asset service providers, beneficial owner, fraud prevention

HAWK:AI, BANKSapi team up to fight money laundering

News | Digital Identity, Security & Online Fraud | 17 Nov 2020

Anti-money laundering software provider HAWK:AI has teamed up with Open Banking provider BANKSapi to fight money laundering.

hawk:AI, BANKSapi, partnership, money laundering, AML, CFT, SaaS, Germany, Open Banking, regtech, financial crime

EBA publishes opinion on considering ML/TF risks in review processes

News | Digital Identity, Security & Online Fraud | 05 Nov 2020

The European Banking Authority (EBA) has published an Opinion setting out how prudential supervisors should consider money laundering and terrorist financing (ML/TF) risks in the context of the Supervisory Review and Evaluation Process (SREP).

AML, CFT, risk management, money laundering, EBA, SREP