AML

The Swedish bank Swedbank has reported a dramatic drop in its quarterly earnings as it is still dealing with the fallout from a huge money-laundering scandal.

A Top Gear mechanic and a pan-European criminal gang are among the criminals the HM Revenure and Customs is most proud of having caught in 2019.

The UK may have been the European RegTech leader for years, but the question is if this could change because of Brexit.

Having reaped huge success with crowdfunding in the past, Brickowner has now returned to Seedrs for an additional cash injection.

Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.

Cryptocurrency trading platform X1 has chosen financial crime prevention specialist Resistant AI to improve its AML checks across its platform.

Refine Intelligence, a FinTech company specialising in Financial Crime Greenflagging, announced its launch, marking a significant advancement in anti-money laundering (AML) practices.