Transaction Monitoring

Sentinels, a transaction monitoring and client risk management platform, has been selected by Netherlands-based neobank Brand New Day to scale its anti-money laundering (AML) controls.

Solidus Labs, a provider of crypto-native risk monitoring and market surveillance, has raised $45m in Series B funding led by Liberty City Ventures.

Australian bank Westpac has been fined $40m after it was founded to have charged fees to over 11,800 deceased individuals.

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?

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.

In a world that is continuing to become more connected and less restricted by place, there are growing challenges surrounding the increasingly fluid nature of financial crime. Prior to 2020, financial crime in the digital world was already growing. However, with the onset of the pandemic, this practice was set to skyrocket.

A major digital cash heist has led to cryptocurrency valued at over $600m being stolen from a digital ledger used by players of the Axie Infinity online game.

The European Parliament has slapped down a proposed rule change that would have banned bitcoin mining in the EU.

The International Organization of Securities Commissions (IOSCO) has published a consultation paper identifying several concerns over the surge in retail trading.

Hawk AI, Germany-based software provider of anti-money laundering surveillance technology for banks, payment firms and FinTechs, has partnered with Weavr to deliver contextual risk management for embedded finance.