AML

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.
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.

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

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.
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.

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.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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