Latest Money Laundering News: Finextra Research

IDenfy launches AML screening tech

IDenfy, a global leading RegTech company specializing in identity verification and fraud prevention, announced the launch of its new Anti-Money Laundering (AML) solution, designed to screen individuals and businesses against various AML databases, such as global sanctions lists.

2 hours

Company update/crime

SmartSearch and T-Tech team up for automated AML

SmartSearch, the UK’s leading provider of digital anti-money laundering (AML) and compliance solutions, has announced a strategic partnership with T-Tech, a specialist technology consultancy and automation provider serving the accountancy sector.

7 hours

News/regulation

Canadian watchdog fines crypto firm Cryptomus C$177m

The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined the operator of crypto platform Cryptomus C$177 million for non-compliance with AML and counter-terrorist financing laws.

24 October 2025

News/people

Trump pardons Binance founder Zhao

Donald Trump has pardoned Changpeng Zhao, the billionaire founder of crypto exchange Binance, who served prison time after pleading guilty in 2023 to enabling money laundering on the platform.

23 October 2025

Company update/regulation

Cooperative Bank of Oromia goes live with Oracle FCC Studio

JMR Infotech, a leading global provider of digital transformation and banking technology solutions, is proud to announce the successful go-live of the Oracle Financial Services Crime and Compliance Studio 8.1.2.7 (FCC Studio) at Cooperative Bank of Oromia (Coopbank).

23 October 2025

Research/Money LaunderingImpact Study

AI’s promise-delivery gap: Bridging the chasm with process orchestration

08 October 2025 117 downloads

Company update/crime

AMLTRIX introduces the world’s first open source AML knowledge graph

A new open-source initiative, AMLTRIX, has been launched to create a universal standard in the global fight against money laundering, a criminal enterprise the United Nations estimates drains up to $2 trillion, or 5% of global GDP each year from the world’s economy.

01 October 2025

Company update/identity

Eastnets and Facephi forge fraud fighting alliance

Eastnets, a global leader in compliance and payments security, and Facephi, the Spanish-based leader in biometric digital identity verification, today announced a landmark strategic partnership to combat financial crime worldwide.

01 October 2025

Company update/crime

LSEG debuts World-Check On Demand

LSEG Risk Intelligence, a leader in compliance, risk management and fraud prevention solutions, has announced the launch of World-Check On Demand.

30 September 2025

Company update/identity

BNP Paribas leads Encompass funding round

Encompass Corporation, the global leader in Corporate Digital Identity (CDI) solutions, today announced details of a financing round led by BNP Paribas, one of Europe’s leaders in banking and financial services.

30 September 2025

News/ai

WorkFusion raises $45m for financial crime compliance AI agents

WorkFusion, a fintech building AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian.

17 September 2025

News/crime

Fraud prevention platform Seon raises $80m

Fraud prevention and AML compliance specialist Seon has raised $80 million in a series C funding round led by Sixth Street Growth.

16 September 2025

Company update/ai

FairPlay to validate Arva's AI AML Agents

Arva AI, a leader in financial crime prevention technology, today announced a partnership with FairPlay, the AI Enablement Company for the Financial Services industry, advancing the responsible adoption of agentic AI in financial services.

16 September 2025

Company update/crime

Sumsub launches free AML Fundamentals learning course

Sumsub, the global full-cycle verification platform, today announces the launch of its AML Fundamentals course – a free, expert-led training designed to equip professionals across regulated industries with the latest practical skills and strategies to tackle evolving financial crime and money laundering risks in 2025 and beyond.

16 September 2025

Company update/ai

DeepDive launches AML compliance AI platform

DeepDive today announced the launch of a revolutionary AI platform for AML compliance teams and financial crime fighters that conduct Enhanced Due Diligence (EDD) and investigations.

10 September 2025

Company update/identity

Armalytix unveils new ID verification service for proessional services firms

Armalytix, the multi-award-winning fintech delivering precision client information for compliance, affordability and more, today announces the launch of its new Identity Service, a powerful and configurable tool designed to solve the hardest ID challenges for professional services firms.

04 September 2025

Company update/regulation

IBM and Abbyy join forces on KYC compliance in banking

Abbyy, a multinational company specializing in artificial intelligence, and IBM, one of the world's leading providers of hybrid cloud and AI, today announced the strengthening of their strategic partnership aimed at transforming the KYC (Know Your Customer) process within large enterprises.

28 August 2025

Company update/crime

Fincen issues advisory on Chinese money laundering networks

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is raising the alarm on Chinese money laundering networks (CMLNs), which pose a significant threat to the U.S. financial system.

28 August 2025

News/regulation

Dutch central bank fines bunq over AML shortcomings

The Dutch central bank has fined digital lender bunq €2.6 million for "serious deficiencies" in its anti-money laundering controls.

26 August 2025

News/regulation

Australia orders Binance audit over AML concerns

The Australian Transaction Reports and Analysis Centre (Austrac) has ordered the local unit of crypto giant Binance to appoint an external auditor over "serious concerns" about money laundering controls.

22 August 2025