AML

Resistant AI has deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage, in a new deal.

The banking industry experienced a 14% jump in attempted fraud in the first half of the year, compared to 2018.

A recent webinar by Alessa has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.

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.

Neobanks in the Nordics may have had a slow start, but things may soon be about to change.

As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.

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

Two men from Florida have been found guilty of foreign exchange fraud and are ordered to pay massive fines after spending over $1m of their clients' money on things like cars, travel and restaurants

The Danske Bank money laundering scandal has taken another turn. The Estonian prosecutor expanded their investigation into transfers worth $2bn that were made through the Danish bank.

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.