Tag: AML

Refine Intelligence launches with $13m, introducing innovative AML solution

Refine Intelligence launches with $13m, introducing innovative AML solution

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

The rise of money mules in UK fraud: Prevention and detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 
Navigating KYC and AML in 2023: Trends and challenges in the banking sector

Navigating KYC and AML in 2023: Trends and challenges in the...

2023 has brought forward unique challenges and trends in the KYC (Know Your Customer) and AML (Anti-Money Laundering) landscape, as revealed in a survey...

Understanding proliferation financing: Key steps for compliance and risk management

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

Navigating the KYC maze: How banks are tackling compliance costs in...

In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.

Hawk AI welcomes new CRO as company growth continues to soar

Hawk AI, a leading provider of fraud and Anti-Money Laundering (AML) surveillance technology, has strengthened its leadership team with the appointment of Maximilian Riege as Chief Risk Officer.

Lynx gets its paws on €17m in Series A led by...

Lynx, which focuses on detecting and preventing fraud and financial crimes, has closed its Series A funding round on €17m.
Refine Intelligence has announced a successful $13m seed funding round that is set enable them to transform Anti-Money Laundering (AML). 

Refine Intelligence secures $13m in seed round to revolutionise AML

Refine Intelligence has announced a successful $13m seed funding round that is set enable them to transform Anti-Money Laundering (AML). 

Seven crucial steps to master your AML/CTF independent review

Australian RegTech firm Arctic Intelligence recently outlined the seven key steps for an independent review of their AML/CTF program.

Germany to ramp up AML defences with new federal office

Moody's Analytics recently outlined how Germany's new financial crime office will face big challenges when it opens next year. 

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