AML

With the cryptocurrency industry experiencing a huge rise in popularity over the last couple of years, many in the industry are now viewing crypto on par with other established industries.

Swedish RegTech firm Acuminor has partnered with RedCompass Labs to bring a new UK AML Gap Analysis offering to market.

Prior to the UK leaving the EU at the beginning of 2021, the UK had mostly regulatory alignment with the Union. Since Brexit, the divisions have emerged. How has this impacted AML regulatory alignment?

Global payments firm Thunes has acquired a majority stake in AML and compliance technology company Tookitaki through a $20m investment.

In a time where the cryptocurrency industry is going from strength to strength, becoming authorised by a financial services regulator is the crucial aim for industry players.

Arctic Intelligence has released its 2022 AML Insights Survey with the aim of gathering data from financial crime risk and compliance professionals worldwide.

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.

Managing any financial services company can be fraught with risk. Many FIs require close to constant risk analysis to make sure the company is remaining compliant and proper, as well as looking out for being targeted by criminals.

RegTech firm Know Your Customer has partnered with business expansion specialist Tricor to simplify and digitise Tricor’s onboarding and AML processes across Asia.

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.