24 October 2017
Find out more

Latest money laundering news

Can regtech and CLM save the customer experience? - new Finextra report
Retail banking

Can regtech and CLM save the customer experience? - new Finextra report

12 October 2017  |  6711 views  |  0 comments | 8 tweets | 9 linkedin

Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.

Accuity partners R3 for financial crime screening on DLT
Risk & regulation

Accuity partners R3 for financial crime screening on DLT

12 October 2017  |  4592 views  |  0 comments | 6 tweets | 11 linkedin

Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3's distributed ledger technology platform, Corda.

Asean banks complete trial of KYC blockchain
Blockchain

Asean banks complete trial of KYC blockchain

03 October 2017  |  8738 views  |  1 comments | 16 tweets | 31 linkedin

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with Singapore's Infocomm Media Development Authority (IMDA), have completed a proof-of-concept for a Know Your Customer (KYC) blockchain.

Overstock unit preps ATS for trading digital coins issued in ICOs
Blockchain

Overstock unit preps ATS for trading digital coins issued in ICOs

28 September 2017  |  5423 views  |  0 comments | 4 tweets | 2 linkedin

The blockchain subsidiary of online retailer Overstock is teaming up with RenGen and Argon Group to launch an SEC-compliant Alternative Trading System (ATS) for trading digital coins issued in initial coin offerings (ICOs).

Australia blames bitcoin for rise in organised crime
Security

Australia blames bitcoin for rise in organised crime

24 August 2017  |  19823 views  |  0 comments | 11 tweets | 23 linkedin

The growth of online banking and digital currencies haver been cited as the main causes of a massive rise in organised crime in Australia's financial sector according to the country's criminal intelligence agency.

Australia regulates digital currencies
Risk & regulation

Australia regulates digital currencies

18 August 2017  |  17477 views  |  0 comments | 21 tweets | 35 linkedin

The Australian government has announced plans to strengthen its anti-money laundering rules with new reforms that will include digital currencies for the first time.

CBA blames money laundering reporting failures on ATM coding error
Risk & regulation

CBA blames money laundering reporting failures on ATM coding error

07 August 2017  |  9605 views  |  1 comments | 4 tweets | 6 linkedin

Commonwealth Bank of Australia has blamed a three-year coding error in its intelligent deposit machines (IDM) for breaches of anti-money regulations.

Cryptocurrency exchange operator indicted over massive bitcoin laundering scam
Risk & regulation

Cryptocurrency exchange operator indicted over massive bitcoin laundering scam

27 July 2017  |  9052 views  |  0 comments | 7 tweets | 12 linkedin

A US jury has indicted a Russian man arrested earlier this week in Greece accused of helping to launder more than $4 billion in bitcoin, including some obtained from the infamous Mt. Gox hack. In a coordinated move, the bitcoin exchange he operated has been slapped with a $110 million fine by American authorities for AML law violations.

4th EU AML Directive will make curbing crime easier, but cost banks millions
Risk & regulation

4th EU AML Directive will make curbing crime easier, but cost banks millions

26 June 2017  |  10585 views  |  1 comments | 16 tweets | 28 linkedin

As the 4th EU AML Directive comes into force today, a pair of studies suggests that while most UK FS industry financial crime professionals think the new rules will make it easier to prevent money laundering, they are likely to cost banks millions in inefficient KYC checks.

Monzo may have to freeze some accounts under new money laundering rules
Start ups

Monzo may have to freeze some accounts under new money laundering rules

13 June 2017  |  12426 views  |  7 comments | 9 tweets | 10 linkedin

Digital challenger bank Monzo is warning 20,000 customers that it may have to temporarily freeze their accounts if they fail to provide additional verification information under new money laundering regulations.

Previous 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 Next
visit www.fivedegrees.nl visit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19898 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15306 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11041 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9156 views comments | 15 tweets | 29 linkedin