Money launderer ordered to pay back £1.24m in dirty cash
The Crown Prosecution Service has ordered convicted money launderer Thomas ‘Tommy’ Adams to repay more than £1,24m for his part on a money laundering network.
What’s going on in the Nordic challenger bank scene?
Neobanks in the Nordics may have had a slow start, but things may soon be about to change.
Foreign exchange firm owner charged with fraud and misappropriation
A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.
Swedbank signs partnership with SIA to enable faster payments across Europe
The Swedish bank Swedbank has signed a partnership with payment company SIA in order to tap into its fiberoptic network infrastructure called SIAnet.
MONEYVAL: Cyprus is not doing enough to combat money laundering
The Council of Europe’s anti-money laundering (AML) body MONEYVAL has urged Cyprus to be more aggressive in its efforts to combat criminal transactions.
How will RegTech evolve in the future?
The financial market is global and constantly dealing with new technologies and weighed down with ever-expanding regulations. So where does that leave the future of RegTech?
Estonia is changing its money laundering rules for cryptocurrencies
Digital currency providers have a new set of rules to comply to if they want to do business in Estonia.
Only 65% of estate agents think their company comply with anti-money laundering regulations
From: RegTech Analyst Estate agents have admitted that they fail to follow the UK’s laws enough to prevent money laundering as well as they should. More than four in...
Westpac hit with several lawsuits from securities buyers following reports about it failing to...
One of the four biggest Australian banks is facing some huge challenges. Not only is Westpac accused of having breached anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, but it is now also dealing with a smattering of lawsuits.
The FCA has not prosecuted a single firm under new money laundering rules introduced...
A freedom of information request has unveiled that the Financial Conduct Authority (FCA) has so far not brought in a single prosecution under the new anti-money laundering (AML) rules it introduced two years ago.
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