AML

HM Revenue and Customs has named and shamed businesses that have been fined a total of more than £23.8m for breaking money laundering laws.

From cybersecurity woes and risk management concerns, compliance professionals have a plethora of issues to worry about in 2021, according to new research.

Having closed a $15m funding round in October, Silent Eight has kicked off 2021 by inking a multi-year partnership with HSBC.

Following the intense scrutiny of the FinCEN Files, US lawmakers have introduced new legislation to fight money laundering.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Behaviour-as-a-Service company Neuro-ID has bagged $7m in a Series A funding round led by Fin VC and TTV Capital.

Digital banking and lending platform company LEVERIS has signed a partnership with ComplyAdvantage, the financial crime detection company.

As an experienced compliance professional, Darren Cade knows how rigid structures and processes can help prevent financial crime and keep organisations compliant.

Anthony Quinn, the founder of RegTech powerhouse Arctic Intelligence, has taken up residency in the Australian Trade and Investment Commission's Landing Pad Programme.