Latest Money Laundering News: Finextra Research

Markit, Genpact sign 600 firms for KYC portal: appoint CEO

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

Company update/Money Laundering

Lamssu ups bitcoin ATM compliance with IdentityMind

IdentityMind Global and Lamassu Bitcoin Ventures announced today their partnership to integrate IdentityMind’s international compliance platform in Lamassu Bitcoin ATMs.

23 October 2014

Company update/Money Laundering

EClerx launches KYC platform

eClerx, a leading provider of knowledge and business processing today announced it has launched its proprietary Know Your Customer (KYC) solution.

09 October 2014

Company update/Money Laundering

Central Bank of Nigeria advocates Swift sanctions screening to country's banks

SWIFT announces today at Sibos that the Central Bank of Nigeria is implementing its Sanctions Screening service and is mandating use of the hosted service by the country's banking community in order to strengthen the Nigerian financial market and ensure it meets global best practices for financial crime compliance.

02 October 2014

Company update/Money Laundering

CounterpartyLink releases KYC compliance tool

CounterpartyLink, the Global Legal Entity Data Source Company and leader in KYC-relevant compliance data which is independently researched direct from source, today announces the release of CPL COMPLIANCE, the latest addition to the company’s existing portfolio of market-leading legal entity intelligence solutions.

02 October 2014

Company update/Money Laundering

Accuity launches KYC Identifier File

Accuity, a leading global provider of financial data for over 175 years, today announced the launch of their new KYC Identifier File.

30 September 2014

Company update/Money Laundering

TransCentra ups security for remote cheque deposit

TransCentra, a leading provider of billing and payment software and services, has enhanced its remote deposit capture (RDC) offering with additional security features and created a single platform solution for clients using both RDC and remote lockbox services.

30 September 2014

Company update/Money Laundering

Misys and Fircosoft form financial crime alliance

Misys has formed an alliance with FircoSoft, the leading global provider of watch list filtering solutions.

30 September 2014

News/Money Laundering

Swift offers one year free access to KYC Registry

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

Company update/Money Laundering

Accuity upgrades SmartWorks

Accuity, a leading global provider of financial data for over 175 years, today released an updated version of SmartWorks, its online global payment and counterparty management solution.

29 September 2014

News/Money Laundering

Bangladesh threatens jail time for bitcoin users

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

News/Money Laundering

Fintech players back UK's Startup Manifesto

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

News/Money Laundering

PwC fined $25m for whitewashing bank's sanctions violations

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

News/Money Laundering

Swift signs more banks to KYC Registry

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

News/Money Laundering

Romanian cybercrime network dismantled

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

News/Money Laundering

Former Credit Suisse banker becomes Coinfloor chairman

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

News/Money Laundering

KYC Exchange builds banking momentum

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

News/Money Laundering

Markit and Genpact launch KYC service

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

News/Money Laundering

Bitcoin not a threat to banking system...yet

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

News/Money Laundering

US Attorney General floats tighter regulations for virtual currencies

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