AML

One of Vladimir Putin’s besties has lost a lawsuit against four Nordic banks who refused to do business with him.

While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google.

Aussie customer identity verification company Kyckr is looking to leverage the tightening of anti-money laundering rules and grow on the back of a new funding round.

Atom bank has picked RegTech SurePay to help the app-based bank to fight fraud and prevent misdirected online payments with its Confirmation of Payee solution.

More than half of the world's cryptocurrency money laundering is made through 270 service deposit addresses, according to new research.

The Prudential Regulation Authority (PRA) has slapped Metro Bank with a fine of £5,376,000 for deficiencies related to the governance and controls of its regulatory reporting.

Global payments firm Thunes has acquired a majority stake in AML and compliance technology company Tookitaki through a $20m investment.

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

In the ever-evolving landscape of financial services, maintaining regulatory compliance is not just a legal requirement but a strategic advantage. As financial institutions navigate...

Insider thefts were the most common form of cryptocurrency theft, according to cryptocurrency tracker CipherTrace’s latest report.