Australian authorities arrest members of suspected Vietnamese criminal network over money laundering charges
Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.
Cybercrime preventing startup Deep Labs picks up $16m in new funding round
From: RegTech Analyst
Mastercard partner Deep Labs has bagged $16m to boost the development of its transaction authentication and authorisation technology.
Gunnar Overstrom, partner at Corsair...
Over a quarter of global firms bled more than £1m to financial crime in...
A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.
New threat intelligence report reveals 704% increase in face swap attacks
There has been a staggering 704% increase in face swap attacks, a form of deepfake, from the first half (H1) to the second half (H2) of 2023, according to a comprehensive report by iProov.
Crypto trading platform X1 selects Resistant AI to aid AML checks
Cryptocurrency trading platform X1 has chosen financial crime prevention specialist Resistant AI to improve its AML checks across its platform.
Money laundering fine and Covid-19 cause 66% profit free fall for Westpac
The trials of the coronavirus pandemic and the $910m fine for breaking Australia's money laundering laws have caused a 66% drop in Westpac's profits.
Refinitiv to deploy its anti-money laundering solutions for STC Pay
RegTech company Refinitiv has been tapped by STC Pay, the financial arm of the Saudi Telecom Company, to help it comply with know your customer and anti-money laundering regulations.
ASEAN’s influence on the Philippines’ AML approaches
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.
Credit Suisse given £147m fine by the FCA for tainted loan, bond exchange
The Financial Conduct Authority (FCA) has issued a £147m fine to Credit Suisse due to severe due diligence deficiencies linked to dealings with the Republic of Mozambique.
The Pan-American Life Insurance Group selects Fiserv to improve its AML compliance
Wisconsin-based FinTech firm Fiserv is going to boost the compliance of the Pan-American Life Insurance Group’s (PALIG) anti-money laundering (AML) and risk management.