EU AMLR: why firms can’t wait for 2027 to prepare
Financial institutions across Europe are facing a fundamental shift in how anti-money laundering compliance is designed, evidenced and supervised, as the EU's new AML...
Muinmos AI deal signals end of manual KYC at HACA
Luxembourg audit and consulting firm HACA Partners, which serves more than 500 clients across multiple countries, has chosen RegTech provider Muinmos to overhaul its...
Why Merrill Lynch’s $7.5m penalty should worry AML teams
The US Securities and Exchange Commission (SEC) has fined Bank of America's Merrill Lynch business $7.5m after finding the firm failed to file numerous...
ABN AMRO hit with €8.5m DNB fine over AML failures
ABN AMRO has been handed an administrative fine of €8.5m by De Nederlandsche Bank (DNB) after the regulator uncovered structural weaknesses in the way...
Regulators raise the bar: is your AML stack ready?
Regulated businesses are under mounting pressure to prove that AML compliance is continuous, evidenced and proportionate to risk. Regulators worldwide, including the FCA and...
ThetaRay taps Santander veteran as AML scrutiny bites
ThetaRay, a provider of AI infrastructure for financial crime compliance, has named Luis Pinedo as its new chief strategic customers officer, a move designed...
Estonia’s blueprint for beating the EU’s 2027 AMLR deadline
Most professionals in financial crime compliance come from law enforcement, audit or legal backgrounds. Siiri Graabi took a different route, arriving via the European...
Why Velocity FSS sees investigations as AI’s biggest opportunity
Founded in 2019, Velocity FSS offers a comprehensive AML platform acts as an all-in-one solution for AML compliance and reporting requirements. Offering a FRAML...
Why static AML models can’t stop AI-driven fraud
In early 2024, a finance employee dialled into what looked like an ordinary video meeting with the CFO and several senior colleagues. In reality,...
MAS moves to rein in autonomous AI agents in finance
The Monetary Authority of Singapore (MAS), the city state's central bank and financial regulator, has joined forces with major financial institutions and FinTechs to...
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