Financial Sanctions News

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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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The power of early sanctions screening technology in payment journeys

Voice of the Industry | Digital Identity, Security & Online Fraud | 21 Sep 2023

Dalbir Sahota, Sr. Director, Product Management at LexisNexis® Risk Solutions, reveals how technological solutions identify sanctioned banks before a payment is initiated to mitigate risk and reduce the costs associated with failed payments.

AML, fraud prevention, financial sanctions, financial institutions, risk management, LexisNexis

AMLYZE launches in-house developed screening tool

News | Digital Identity, Security & Online Fraud | 25 Jul 2023

Lithuania-based regtech AMLYZE has announced the roll out of Screening Module, a solution that helps financial institutions find and mitigate global sanctions risks.

financial sanctions, risk management, identity verification, AML, API

Ondato expands its KYB Protection for business verification to Poland

News | Digital Identity, Security & Online Fraud | 21 Apr 2023

UK-based technology company Ondato has launched a Know Your Business (KYB) solution for Poland-based businesses and organisations.

expansion, product upgrade, KYB, digital onboarding, financial sanctions

Deutsche Bank shuts down remaining IT operations in Russia

News | Online & Mobile Banking | 13 Apr 2023

German lender Deutsche Bank has announced it is closing down its remaining software technology centres in Moscow and St Petersburg.

mobile banking, Russia Ukraine War, financial sanctions, online banking

EU pushes for new AML and CFT rules

News | Digital Identity, Security & Online Fraud | 29 Mar 2023

The European Parliament has announced that MEPs approved stricter rules for closing the gaps in combating money laundering, terrorist financing and evasion of sanctions in the EU.

fraud management, fraud detection, regulation, CFT, AML, financial sanctions, risk management, data aggregation, data sharing, crypto asset, financial data, payments , identity verification, transaction fraud, cybersecurity, fintech, CDD, beneficial owners, crowdfunding

Global Regtech & IDV Fundings & Mergers Analysis 2022/2023 – the Why

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Mar 2023

‘All catastrophes have the same effect: they sharpen our understanding of our interconnectedness and mutual dependency, they clarify our values, they encourage us to rethink our priorities, they expose our prejudices, and they build our resilience.’Hugh Mackay, Australian psychologist, social researcher

identity verification, regtech, merger, acquisition, funding, cryptocurrency, financial sanctions, digital identity, fraud management, The Paypers Quarterly Analysis series

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