AML

Refine Intelligence has announced a successful $13m seed funding round that is set enable them to transform Anti-Money Laundering (AML). 

Flagright, a global leader in AI-powered AML (Anti-Money Laundering) compliance solutions, has announced that it has onboarded iCore Technologies as its latest customer.

It has been uncovered European financial institutions could each endure up to £1m in compliance costs with the impending AML legislation.

Established on 8 August 1967, the Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organisation consisting of ten countries in Southeast Asia. With the overarching goal of promoting political and economic cooperation and regional stability, ASEAN has been instrumental in fostering collaboration and integration among its member states.

Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant red flags in anti-money laundering (AML) activities. Consequently, one must ask, is your institution actively identifying shell companies in its transactions? More importantly, can it detect shell companies with tangible sanctions and watchlist links?

The Tel Aviv District Court has approved the seize of a total of NIS $30m from the ousted Vesttoo co-founders Yaniv Bertele and Alon Lifshitz.

Identifying the legitimacy of businesses and merchants is not just a routine procedure – it's an essential protective measure for banks and financial institutions. But how can you verify if a business is legitimate? Fenergo delves into the concept of KYB.

In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.

Strise has secured $10.8m in its series A funding round, as it looks to redefine anti-money laundering (AML) automation.

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...