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Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:

Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:

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Salv closes EUR 4 mln seed round extension

News | Digital Identity, Security & Online Fraud | 26 Jan 2023

Estonia-based regtech company Salv has closed a EUR 4 million seed round extension led by ffVC, with participation from G+D Ventures and existing investors to further its expansion.

funding, investment, financial crime, expansion, fraud prevention, fraud platform, compliance, financial sanctions, money laundering

TransUnion launches credit monitoring service packages for consumers

News | Payments General | 17 Jan 2023

Hong Kong-based global credit reference agency, TransUnion, has recently announced the launching of a new suite of Credit Monitoring Service Packages, aiming to promote financial inclusion across the territory.

financial services, financial data, financial inclusion, credit scoring, financial sanctions, lending

Surecomp partners Traydstream

News | Digital Identity, Security & Online Fraud | 16 Jan 2023

Canada-based trade finance solutions provider Surecomp has partnered fintech Traydstream to integrate AI-powered document checking into its collaborative trade finance platform.

partnership, risk management, financial sanctions, AML, OCR, compliance, trade finance, banking, digitalisation, artificial intelligence

Payment System Entities receive Bank of Russia support in 2023

News | Online Payments | 03 Jan 2023

The Bank of Russia has announced that it would extend its support package for National Payment System (NPS) entities in 2023.

payment processing, central bank, financial sanctions, payments

ASIC sues American Express

News | Cards | 08 Dec 2022

The Australian Securities and Investments Commission (ASIC) has sued American Express alleging credit cards were issued and distributed to customers without ensuring they are understood.

payments , credit card, Issuer, regulation, payment institution, financial sanctions, financial institutions

Uzbekistan suspends the use of Russia's Mir payment cards

News | Payments General | 26 Sep 2022

Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.

payment processing, financial sanctions, online payments, payment processor

Russia, India to create RuPay – Mir connectivity

News | Online Payments | 24 Aug 2022

The Russian and Indian Governments have gotten closer to an agreement to have cards based on Russia’s Mir payment system be accepted at ATMs and POS in India.

Russia Ukraine War, financial sanctions, UPI, cross-border payments

UnionPay expands Russian penetration through MKB and DOM.FR

News | Cards | 01 Aug 2022

Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.

credit card, expansion, Issuer, financial sanctions, card scheme

Sberbank reuses bank card chips to fight shortage

News | Cards | 08 Jul 2022

Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.

Russia Ukraine War, financial sanctions, credit card, debit card, card scheme

Tinkoff suspends outgoing SWIFT transfers

News | Online & Mobile Banking | 07 Jul 2022

Russian online bank Tinkoff has suspended outgoing SWIFT transfers in foreign currencies until October 2022, after it had struggled with such transactions due to restrictions on Russia's banks.

SWIFT, regulation, financial sanctions, Russia Ukraine War

Crypto exchange BitMEX to ban Russian users

News | Cryptocurrencies | 06 Jul 2022

Cryptocurrency exchange BitMEX has announced plans to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users.

financial sanctions, compliance, cryptocurrency exchange

Indian banks may join hands with Russian banks

News | Payments General | 21 Jun 2022

Indian banks have been suspected of wanting join hands with Russian banks that are not under Western sanctions to facilitate bilateral payments.

partnership, banks, financial sanctions, regulation, payments

ComplyAdvantage launches free KYC/AML instrument

News | Digital Identity, Security & Online Fraud | 21 Jun 2022

UK-based crime detection company ComplyAdvantage has released a new tool, ComplyTry, to verify prospective customers for free.

ComplyAdvantage, AML, fraud prevention, KYC, financial sanctions, product launch

The fallout from the crisis in Ukraine brings alternative payment networks front and centre

Interviews | Online Payments | 26 May 2022

Eli Shoshani, Head of APAC at Bottomline, shares his predictions for the future of alternative payments networks. 

Bottomline Technologies, Russia Ukraine War, financial sanctions, banks, online payments

How sanctions against Russia complicate cryptocurrency acceptance

Voice of the Industry | Cryptocurrencies | 24 May 2022

As sanctions against Russia continue to impact the country, MRC explains how cryptocurrency provides an extra layer of obfuscation for those who wish to bypass traditional means of currency transfer.

financial sanctions, Russia Ukraine War, cryptocurrency, banks, financial institutions, SWIFT, KYC, identity verification, cryptocurrency exchange, digital assets

US registers first criminal cryptocurrency sanctions case

News | Cryptocurrencies | 18 May 2022

The US Justice Department has launched its first criminal prosecution involving the alleged use of cryptocurrency to evade US economic sanctions, according to the Washington Post.

cryptocurrency, financial sanctions, regulation, Bitcoin

The importance of beneficiary registries in fighting money laundering and terrorist financing

Interviews | Digital Identity, Security & Online Fraud | 18 May 2022

Ieva Tarailienė, Head of Registry Practice at NRD Companies, offers insights into the matter of beneficial ownership registers, their benefits to transparency and accessibility as well as their importance as it relates specifically to AML, CTF, and sanctions.

money laundering, data, AML, financial sanctions, banks, artificial intelligence, Ultimate Beneficial Ownership, UBO

Russia sanctions & PEPs lists require new tools for compliance

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 May 2022

The unprecedented scale and speed of sanctions against Russia has highlighted the need for a new approach to compliance that is enabled by better data and Artificial Intelligence (AI) automation

compliance, financial sanctions, risk management, artificial intelligence, data, KYC, AML

BitMEX founders fined 30 mln for illegal trading in the US

News | Cryptocurrencies | 06 May 2022

A US federal judge has ordered the three co-founders of BitMEX to pay a total of USD 30 million for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, according to CoinDesk.

cryptocurrency, AML, regulation, financial sanctions, Bitcoin, Ethereum

Visa, Stripe suspend Bankoff crypto cards following Russian transactions

News | Cryptocurrencies | 05 May 2022

Bankoff, a platform offering cryptocurrency virtual cards, has announced customers its cards are no longer supported by payment systems Visa and Stripe, according to news.bitcoin.com

Visa, Stripe, Russia Ukraine War, financial sanctions, virtual card, cryptocurrency