Tag: AML regulations

Risk-based transaction monitoring represents a proactive method aimed at detecting financial crimes by closely analysing financial transactions to unearth potentially fraudulent patterns or signs of money laundering.

Until now, cryptocurrency companies in California have operated without a license, but this is set to change with the introduction of the Digital Financial Assets Law (DFAL), signed into law by Governor Newsom in October.

Key Dutch FinTech investment stats in Q1-Q3 2023: • Dutch FinTech deal activity is expected to reach 63 transactions in 2023, a 15% reduction from...

Regulatory fines slapped on global financial institutions saw a staggering 88% dip in H1 2023 compared to the same period last year. This significant decline was unveiled in a report from Fenergo, the top-tier provider of digital solutions in client lifecycle management (CLM).

Digital payment pioneer, Wirex, has forged a partnership with Sumsub, a leading global full-cycle verification platform. This collaboration aims to fortify Wirex's stance in the domain of virtual asset compliance and transaction monitoring.

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.