Tag: AML

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.

In an age where cyberattacks and money laundering are becoming more commonplace, the need for cutting-edge tech in fighting this scourge is becoming ever more important.

There is no doubt FinTech is a booming industry. The sector, according to Statista, is expected to grow at an average rate of 12% to reach a value of €188bn by 2024. This makes transaction monitoring a hot-button issue going forward.

ComplyAdvantage has released the Anti-Money Laundering Guide for Crypto Firms to help firms better understand the risks.

Swedish RegTech firm Acuminor has partnered with RedCompass Labs to bring a new UK AML Gap Analysis offering to market.

New Zealand-based RegTech platform First AML has reportedly nabbed £15.6m in its Series B funding round alongside its launch in the UK.

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.

Payments services provider Ping Payments has chosen transaction monitoring and client risk management platform Sentinels to reinforce its AML controls.

There are many benefits to a more globalised world. However, one of the key threats posed by an increasingly digitised and connected world is the scourge of money laundering.