Compliance

After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.

The European Union is getting closer to agreeing sanctions on Russia that would ban trading on Russian state bonds amongst other things.

Fonoa, which helps automate tax processes, has closed its Series B funding round as it looks to expand its global tax solutions.

Wolters Kluwer Legal & Regulatory has acquired UK and France-based Della AI, a provider of AI technology that leverages natural language processing.

In a strategic move, the Defense Innovation Unit (DIU), an organisation established to foster the incorporation of commercial technology within the Department of Defense...

BankProv has partnered with financial crime effectiveness testing platform Cable, in a bid to enhance its financial crime compliance program.

Know Your Customer (KYC) procedures are fundamental policies and processes implemented by businesses to mitigate risks and authenticate the identities of customers throughout their entire lifecycle. These protocols are especially critical in regulated industries, serving as a safeguard against money laundering, terrorism financing, fraud, and other illicit activities. FullCircl has put together a comprehensive guide to KYC procedures.

Artificial intelligence-based compliance startup ComplyAdvantage has raised $8.2m in a Series A round. The investment in the London-based regtech firm was led by Balerton Capital.

Tax software and services company CrossBorder Solutions has netted $6m in its Series A rounds led by Kennet Partners.

algoreg, a Luxembourg-based RegTech company, has raised $1m in Series A financing to enhance its onboarding modular platform.