FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Gecko lands $1m for Blockchain-based compliance solution
Gecko Governance, the developer of the world first Blockchain solution for financial services regulatory compliance, has raised $1m in seed financing.
Starling Bank CEO responds to Bounce Back Loan criticism from rejected would-be loan takers
Several small business owners have criticised Starling Bank for its handling of the governmental coronavirus relief loans scheme and now the challenger bank founder has responded to the criticism.
Atom bank picks SurePay to fight fraud and prevent misdirected online payments
Atom bank has picked RegTech SurePay to help the app-based bank to fight fraud and prevent misdirected online payments with its Confirmation of Payee solution.
Binance launches peer-to-peer trading in five Latin American markets where cryptocurrencies have been linked...
Cryptocurrency exchange Binance will roll out peer-to-peer (P2P) trading for Brazilian Real, Argentine Peso, Colombian Peso, Mexican Peso and Peruvian Sol just weeks after digital money was tied to crime in the region.
AML360 has become the latest RegTech venture to expand across Southeast Asia
RegTech startup AML360 has revealed ambitious plans to grow acros Southeast Asia, pushing its third-party outsourcing features as one of its key services.
Singapore-based CredoLab has teamed up with iovation in the fight against credit fraud
Alternative credit scoring FinTech CredoLab has signed a partnership with iovation, the reputation insights company specializing in device-based fraud detection, to fight credit fraud.
SmartSearch brings it money laundering fighting abilities to the US market
UK RegTech SmartSearch has brought its anti-money laundering services to the US.
Cyprus unveils online beneficial ownership register to tackle money laundering
The Cyprus Securities and Exchange Commission (CySEC) has launched a new online beneficial ownership register with the aim of fighting money laundering.
Why the global risk from money laundering is growing
With the world becoming ever more connected and linked in an unlimited number of ways, money laundering is continuing to grow in presence and stature.
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