AML

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.

Spanish neobank Rebellion Pay has chosen Sentinels, a transaction monitoring and client risk management platform, to bolster its AML compliance monitoring and risk profiling functions.

A recent webinar led by Alessa by Tier 1 Financial Solutions examined the objectives and fundamentals of customer risk scoring as well as a logical way to categorise types of risks.

The European Banking Authority (EBA) has asked financial institutions to make sure they remain compliant with sanctions against Russia.

The Financial Conduct Authority (FCA) has warned operators of crypto ATMs to shut down their machines or face enforcement action.

As the fighting between Russia and Ukraine forces continue, national governments globally are increasingly imposing severe sanctions on Russia and its financial sector.

The cryptocurrency market is booming. With new technologies and new products launching on the market, the industry is seemingly going from strength to strength. With new technologies, however, come new challenges. How is the industry changing money laundering?

The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.

The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.

German RegTech HAWK:AI has teamed with amnis, a payment platform for SMEs, to strengthen the latter’s AML capabilities ahead of its imminent geographical expansion.