449 articles tagged with this keyword
News/regulation
Ireland's central bank has fired a shot across the bows of payment and e-money firms after finding "significant deficiencies" in the governance, risk management and control frameworks of some in the sector.
01 February 2023
Coinbase has been fined €3.33 million for providing crypto services in the Netherlands without securing registration with the country's central bank.
26 January 2023
News/crime
Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.
News/startups
New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.
25 January 2023
News/crypto
US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.
18 January 2023
Relio, a Swiss SME banking startup founded by Lav Odorovic, the co-founder of German digital bank Penta, has raised €3 million.
10 January 2023
Coinbase will pay a $50 million penalty and invest another $50 million in its compliance programme to settle a New York State regulatory investigation into its anti-money laundering practices.
04 January 2023
The FCA has fined Santander UK Plc £107,793,300 after it found gaps in its anti-money laundering controls, affecting its business banking customers.
09 December 2022
Mastercard, Square and Wise are among the members of a new not-for-profit group pushing for a "whole-of-government" approach to supporting Canada's fintech ecosystem.
28 November 2022
Featurespace has secured funding from UK and US governments to develop a prototype privacy-enhancing artificial intelligence system to help banks and payments service providers (PSPs) detect financial crime.
23 November 2022
Dutch challenger bank Bunq has hailed a "landmark" verdict in the Dutch courts over the use of artificial intelligence (AI) for anti-money laundering processes.
18 October 2022
The European Banking Authority has put out a call for tender for blockchain analytics services and crypto-assets market data.
05 October 2022
Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.
06 September 2022
Money transfer firm Wise has been slapped with a $360,000 fine by Abud Dhabi's financial regulator for contravening anti-money laundering rules.
30 August 2022
Abu Dhabi has announced the formation of a government body to develop its strategy for regulating and promoting the world of virtual assets.
26 August 2022
News/payments
Central Bank Digital Currencies (CBDCs) could be the answer to the thousand-year search for the holy grail of cross-border payments, according to a new paper from the ECB.
03 August 2022
Robinhood's crypto unit (RHC) has been slapped with a $30 million fine by New York State Department of Financial Services for "significant" anti-money laundering, cybersecurity and consumer protection violations.
02 August 2022
The Dutch central bank has fined cryptocurrency exchange Binance EUR3.325 million for offering it services in the Netherlands without registration.
18 July 2022
Some of Canada's biggest banks are joining forces with market and infrastructure services provider CanDeal to set up a centralised KYC offering for the capital markets industry.
27 June 2022
The UK government has decided to remove account information service providers (AISPs) from anti-money laundering regulation.
16 June 2022
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