Tag: AML
The hallmarks of a strong customer risk assessment process
Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.
RegTech firm Alessa names new SVP of sales
Alessa, a leading provider of Anti-Money Laundering and Fraud solutions, has appointed Jeff Woods as senior vice president of sales.
Global Investment in AML & FinCrime Tech companies grew 20.18% (CAGR)...
Key AML and FinCrime statistics 2022:
• Global investment dropped 43% in 2022 from 2021
• UK investment increased more than three-fold in 2022 (from 2021)...
Hawk AI, Nikulipe link to boost AML transaction monitoring
Hawk AI has entered into a partnership with FinTech Nikulipe, a company that specialises in local payment methods in fast-growing and emerging markets.
Bank of Nevis first Caribbean bank to leverage Tookitaki’s AML software
Bank of Nevis International has become the first Caribbean bank to implement Tookitaki’s anti-money laundering technology.
AML and fraud prevention RegTech Hawk AI scores $17m in Series...
Germany-based RegTech Hawk AI, which provides AML and fraud prevention technology to banks and payments companies, has secured $17m in its Series B.
Sandbar secures $4.8m in seed investment
Sandbar, a provider of AML, fraud and counter-terrorism risk detection software, has scored $4.8m in seed funding.
The round was led by Lachy Groom...
AML provider Alessa names Holly Sais Phillippi as CEO
Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
FCA fines GT Bank £7.8m for AML failures
The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank £7.8m for serious deficiencies in its AML systems and controls.