Articles with tag like: money laundering

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ThetaRay teams up with Google Cloud for cross-border payments AML

News | Digital Identity, Security & Online Fraud | 15 Jun 2021

ThetaRay, a provider of AI-based Big Data analytics, has teamed up with Google Cloud for cross-border payments AML.

artificial intelligence, AML, money laundering, transaction monitoring, cloud services, partnership

HK bankers allowed to apply for access to corporate registry

News | Digital Identity, Security & Online Fraud | 14 Jun 2021

Hong Kong bankers and lawyers will be able to search the city's companies’ registry under proposed exemptions to plans to tighten public access to the database, according to Reuters.

money laundering, KYC, compliance, data protection

Firma upgrades anti-financial crime services with Napier

News | Digital Identity, Security & Online Fraud | 14 Jun 2021

Firma, a foreign exchange and global payments company Canada-based, has selected Napier, a provider of anti-financial crime compliance solutions.

partnership, artificial intelligence, money laundering, AML, Napier, risk management

EU takes Luxembourg to court over AML noncompliance

News | Digital Identity, Security & Online Fraud | 14 Jun 2021

The European Commission has taken Luxembourg to court, asking the European Court of Justice (ECJ) to impose a daily penalty on the country for failing to follow EU AML regulations.

European Commission, AML, fraud prevention, money laundering

Obligations for Canadian businesses dealing in virtual currencies take effect

News | Cryptocurrencies | 08 Jun 2021

Amendments to the Proceeds of Crime - Money Laundering and Terrorist Financing Act (PCMLTFA) have come into effect begging of June 2021.

cryptocurrency, AML, money laundering, compliance, money transfer

Interpol seizes USD 83 million before being transferred to cybercriminal accounts

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

The Interpol has seized USD 83 million belonging to victims of online financial crime from being transferred to the accounts of their attackers.

financial crime, money laundering, fraud prevention, phishing, cybercrime

New digital KYC platform launched in Greece

News | Digital Identity, Security & Online Fraud | 28 May 2021

The Greek Ministry of Digital Governance has launched a new digital KYC platform in the context of the Greek Government’s initiative on digitising some bureaucratic procedures.

KYC, money laundering, AML, identity verification, digital identity, compliance

EBA consults on cooperation and information exchange in the area of AML/CFT

News | Digital Identity, Security & Online Fraud | 28 May 2021

The European Banking Authority (EBA) has launched a public consultation on its new guidelines on cooperation and information exchange in anti-money laundering and countering the financing of terrorism.

EBA, AML, banks, data sharing, money laundering

Monetary Authority of Singapore joins Mojaloop Foundation

News | Online & Mobile Banking | 27 May 2021

The Monetary Authority of Singapore (MAS) has joined the Mojaloop Foundation, one of the first central bank to send a director to serve as an advisor to the board of the foundation.

Monetary Authority of Singapore (MAS), financial inclusion, central bank, banks, money laundering

Regtech provider Napier strengthens foothold in APAC

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

Napier, a provider of next-generation anti-financial crime compliance solutions, has continued its global expansion strategy with the opening of a second APAC office within 10 months.

Napier, regtech, money laundering, compliance, artificial intelligence

VIALET selects Sentinels as their AML transaction monitoring platform

News | Digital Identity, Security & Online Fraud | 19 May 2021

Transaction monitoring and client surveillance solution provider Sentinels has teamed up with Lithuanian EMI (Electronic Money Institution) VIALET to support their compliance efforts.

partnership, transaction monitoring, data, financial services, AML, money laundering

The Centre of Excellence in Anti-Money Laundering starts its activities in Lithuania

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

The Centre of Excellence in Anti-Money Laundering has begun its activities in Lithuania, bringing together representatives of both the public and private sectors.

AML, money laundering, data sharing, central bank, fraud prevention

European authorities uncovered trading scheme resulting in EUR 30 mln in losses

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

The German authorities have initiated the investigation into a large-scale online investment fraud network with hundreds of victims across Europe, that caused EUR 30 mln in losses.

cryptocurrency, cryptocurrency exchange, money laundering, trading platform, Europol, online security

Sydney casinos to make their gaming operations cashless after money laundering scandal

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

In a bid to stamp out money laundering, The Star and Crown Sydney, Sydney's only two casinos, have announced plans to make their gaming operations cashless.

money laundering, cashless, gambling, banks, AML, debit card

ClearBank boosts transaction screening capabilities with Napier's help

News | Digital Identity, Security & Online Fraud | 12 May 2021

UK-based Napier has announced that it will be providing ClearBank, the cloud-based clearing bank, with its advanced Transaction Screening system.

partnership, cloud services, digital banking, eKYC, money laundering, regtech

BaFin orders Deutsche Bank to implement additional safeguards

News | Digital Identity, Security & Online Fraud | 04 May 2021

BaFin, the financial regulatory authority in Germany, has ordered Deutsche Bank to implement additional safeguards to prevent money laundering.

Deutsche Bank, money laundering, AML

iDenfy selected by international digital money transfer service for identity verification

News | Digital Identity, Security & Online Fraud | 29 Apr 2021

PayQuik, an international digital money transfer service, has partnered with iDenfy, an identity verification company, for identity verification solutions.

iDenfy, identity verification, partnership, money laundering, artificial intelligence

Regxsa launches Alexis, a cloud-based AML/CTF investigation platform

News | Digital Identity, Security & Online Fraud | 22 Apr 2021

Regxsa has launched the cloud-based platform Alexis to bring back the human factor in the fight against money laundering, terrorism financing, and financial crimes.

cloud, money laundering, financial crime, AML, financial services, regulation, SaaS

UAE launches blockchain-based platform Trade Connect

News | Digital Identity, Security & Online Fraud | 20 Apr 2021

The United Arab Emirates has launched UAE Trade Connect, a blockchain-based platform, designed to prevent economic crimes such as under-invoicing, money laundering, and fraud in trade finance.

product launch, blockchain, trade finance, fraud management, money laundering, banks

ABN AMRO Bank to pay EUR 480 mln for suspect fraudulent activities

News | Digital Identity, Security & Online Fraud | 19 Apr 2021

Netherlands-based ABN AMRO Bank has been obliged to pay EUR 480 million on account of serious shortcomings in money laundering prevention.

banks, fraud detection, money laundering, AML