AML

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

Fenergo, a leading provider of digital Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM) solutions, and Coinmotion, a Finland-based cryptocurrency service provider, are partnering to streamline anti-money laundering (AML) compliance processes.

There are many benefits to a more globalised world. However, one of the key threats posed by an increasingly digitised and connected world is the scourge of money laundering.

Credit Suisse has long claimed that it was deceived by rouge bankers when it lent $2bn in a criticised Mozambique deal.

The Australian Transaction Reports and Analysis Centre (ASUTRAC) has changed the rules regarding money laundering and terrorism financing in order to help people fleeing domestic abuse become financially independent more easily.

Banks struggle to detect money laundering and Covid-19 is making the situation worse, according to new research from BAE System.

Facebook’s cryptocurrency may be facing more regulatory supervision as the EU’s finance commissioner has pledged to introduce new law proposals for digital money.

Here are the 5 main sources of onboarding-related threat to your financial institution in 2022, and here’s what to do about them.

Having been first reported to be in talks with Revolut in July, Martin Gilbert has now publicly been confirmed as the challenger bank’s new non-executive chairman.

The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size...