Tag: AML

With the rising level of money laundering regulations and fines, firms need to know what their requirements are. Electronic IDentification has released a report examining the AML Directives.

Hawk:AI, which offers anti-money laundering surveillance technology, has partnered with KYC and customer onboarding company Ondato.

Identity verification provider ID-Pal will help payment solution provider Lerex Technology with its identity verification, e-verification and anti-money laundering and KYC requirements.

 Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.

The Financial Conduct Authority (FCA) has fined The TJM Partnership £2m for failing to ensure it had effective systems and controls to identify and cut the risk of financial crime.

With the world becoming ever more connected and linked in an unlimited number of ways, money laundering is continuing to grow in presence and stature.

Financial crime prevention firm Resistant AI has deployed technology into Netherlands-based B2B FinTech FINOM to bolster AML measures.

Current estimates have the amount laundered globally each year at a staggering £1.8trn – 3% of total GDP. With this considered, what role can a strong compliance programme play in tackling this?

ComplyAdvantage has released ComplyTry, a new tool that lets anyone verify prospective customers by leveraging live sanctions, politically exposed people (PEPs) and adverse media data.

The European Banking Authority (EBA) has issued guidelines for the roles and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CTF) compliance officers.