Articles with tag like: CFT

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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

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

News | Digital Identity, Security & Online Fraud | 11 Sep 2020

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

Voice of the Industry | Digital Identity, Security & Online Fraud | 23 Jul 2020

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

News | Cryptocurrencies | 17 Jul 2020

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

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

News | Digital Identity, Security & Online Fraud | 08 May 2020

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

News | Cryptocurrencies | 06 Mar 2020

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

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

News | Digital Identity, Security & Online Fraud | 15 Oct 2019

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

News | Cryptocurrencies | 05 Aug 2019

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