449 articles tagged with this keyword
News/Money Laundering
The UK government has set out its approach to digital currencies, vowing to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential of blockchain technology.
18 March 2015
Organised criminals are turning to social media to recruit members of the public to act as unsuspecting money mules for laundering dirty cash.
04 March 2015
The New York State Department of Financial Services (DFS) is planning to step up the fight against money laundering by carrying out random audits of Wall Street banks' transaction monitoring and filtering systems.
25 February 2015
Markit and Genpact say that they have signed over 600 buy side firms and corporations for their KYC data sharing portal and named former Goldman Sachs man John May as chief executive of the utility.
11 November 2014
Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.
29 September 2014
Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.
16 September 2014
Heavy hitters from the fintech community have backed a 'Startup Manifesto' offering recommendations to the next UK government on everything from tax to visas to bitcoin.
04 September 2014
PricewaterhouseCoopers has been fined $25 million by New York State's financial watchdog after it sanitised a report for regulators into anti-money laundering at Bank of Tokyo-Mitsubishi UFJ (BTMU).
19 August 2014
Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.
22 July 2014
European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.
18 July 2014
London-based bitcoin exchange Coinfloor has brought in Adam Knight, a former senior manager at Credit Suisse and Goldman Sachs, as executive chairman.
11 July 2014
Swiss-based due diligence utility KYC Exchange has signed service contracts with Commerzbank, Société Générale and Standard Chartered for the regular exchange of Know Your Customer data between the banks and their clients.
20 June 2014
Financial data outfit Markit and BPO firm Genpact have launched a service designed to help firms manage client onboarding and other know-your-customer requirements.
22 May 2014
Bitcoin is still more of a curiosity than a threat to the banking system but in the long term the crypto-currency could have a pronounced impact on payments, according to a group of advisers to the US Federal Reserve.
20 May 2014
The US Attorney General has raised the prospect of applying money-laundering and know-your-customer controls to virtual currency transactions as a means to clamp down on illegal activity.
09 April 2014
Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.
27 March 2014
Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.
19 March 2014
The Monetary Authority of Singapore (MAS) is to regulate virtual currency intermediaries in Singapore to address potential money laundering and terrorist financing (ML/TF) risks.
13 March 2014
Interbank messaging network Swift has recruited a group of major banks to help develop its centralised KYC utility for the collection and distribution of standard information required by banks as part of their due diligence processes.
04 March 2014
Strevus, a San Francisco-based startup providing data sharing risk and compliance management technology to financial service institutions, has raised $5.6 million in a series a funding round led by Blumberg Capital.
19 February 2014
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