Money Laundering

443 articles tagged with this keyword

/ai

AI-based fraud detection startup Bleckwen raises $10m

Bleckwen, a provider of AI-based real-time analytics software for payments fraud detection and prevention, has emerged from stealth with a $10 million funding round led by Ring Capital and TempoCap.

/Money Laundering

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

/Money Laundering

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

/Money Laundering

ABN Amro takes stake in financial crime outfit Thetaray

ABN Amro's Digital Impact Fund has taken an undisclosed stake in Israeli Big Data analytics firm Thetaray.

/ai

HSBC ramps up artificial intelligence efforts with Element AI partnership

HSBC is working with Canadian artificial intelligence firm Element AI to help analyse data from clients of its Global Banking and Markets (GMB) unit.

/Money Laundering

Innovation driving digital acceleration in Latin America

Swift's Latin American Regional Conference (LARC) explored how banks in the region are looking to increase digitisation, while managing cyber and compliance challenges.

/Money Laundering

N26 under fire from BaFin over money laundering failures

German app-only bank N26 has been reprimanded by regulatory body BaFin for lax anti-money laundering controls.

/Money Laundering

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

/Money Laundering

Fenergo to deploy blockchain-based KYC utility in Bahrain

Fenergo has begun work with Bahrain’s Electronic Network for Financial Transactions (Benefit) to design and implement a national Know Your Customer (KYC) utility that incorporates blockchain technology.

/security

In wake of money laundering scandal, Swedbank creates financial crime unit

Swedbank has put its head of Group IT, Anders Ekedahl, in charge of a new dedicated anti-financial crime (AFC) unit set up in response to a money laundering scandal being probed by regulators.

/Money Laundering

Banks have been the catalyst for Nordic digital identity success

In conversation with Finextra Research, Arkwright’s Frank Wunderlich and Signicat’s John Erik Setsaas discuss their new report which highlights how the Nordic region can now act as a blueprint for digital identity success and how banks are crucial for this positive result.

/Money Laundering

Russia pushes its Swift alternative

Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.

/regulation

Swift to open KYC Registry to corporates

Interbank messaging network Swift is to open its KYC Registry to corporates, providing a central hub for document exchange with multiple banking partners and eliminating duplication and ineffeciency.

/security

Payments body calls for digital IDs to tackle financial crime

UK financial institutions and payment processors should collaborate on the creation of a national digital identity scheme to face down the threat posed by money laundering and payments-related financial crime, according to a new report published by the Emerging Payments Association (EPA).

/ai

Financial crime fighting AI platform Mimiro raises $30m

Anti-financial crime AI platform Mimiro has raised $30 million in a Series B funding round led by Index Ventures.

/regulation

Dutch authorities call for crypto exchange licensing regime

The Dutch central bank and financial services regulator say that the country must introduce a licensing regime for crypto exchanges and wallet providers in order to tackle money laundering and terrorist financing.

/Money Laundering

EBA urges EU rules on crypto-assets

The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.

/Money Laundering

UAE positive on KYC utility tests

Regulatory authorities and banks in Abu Dhabi have recorded tangible benefits from trials of a shared Know Your Customer utility underpinned by distributed ledger technology.

/Money Laundering

Cyprus embarks on new era of blockchain technology

Invest Cyprus, the country’s national investment partner, has signed an MoU with public blockchain service creator VeChain Foundation and blockchain project strategy advisory Cream to introduce DLT in Cyprus.

/Money Laundering

PwC acquires KYC tool from FSCom

PwC is bolstering its regulatory compliance business with the acquisition of anti-money laundering and sanctions screening tool KYC-Pro from Irish consultancy FSCom.