AML

The effectiveness of anti-money laundering (AML) and combatting the financing of terrorism (CFT), is not solely reliant on the initial design, but also comes from the adaptability and responsiveness to evolving risks.

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.

From working at his dinner table to being named a leader of Australia RegTech industry, Anthony Quinn has come a long way since launching Arctic Intelligence in 2015.

Facebook’s cryptocurrency may be facing more regulatory supervision as the EU’s finance commissioner has pledged to introduce new law proposals for digital money.

Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.

OneID, the UK's leading digital identity service, has reached a new milestone in the field of Identity Verification for Know Your Customer (KYC) and Anti-Money Laundering (AML).

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

Anti-money laundering compliance is usually associated with financial institutions; however, Sentinels has revealed how and why non-finance firms should also protect themselves.

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.

RegTech company Salv will deploy its AML capabilities into Tuum, an API-first and modular core banking platform.