Tag: AML

One of the UK's top officials fighting money laundering has warned that a "disturbing" amount of Russian money is being funnelled through the country.

London-based intelligent compliance technology developer Napier has been chosen by Australia Post to support its anti-money laundering (AML) and counter-terrorism financing (CTF) services.

Client relationship management solution developer Tier1 Financial Solutions has acquired compliance and financial crime prevention company Alessa.

Having closed a $15m funding round in October, Silent Eight has kicked off 2021 by inking a multi-year partnership with HSBC.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Digital banking and lending platform company LEVERIS has signed a partnership with ComplyAdvantage, the financial crime detection company.

Identity verification-as-a-service platform IDnow has closed a €15m growth funding from European Investment Bank.

After almost a year of discussions, EU finance ministers have agreed to launch a regulatory body focused on fighting money laundering.

Australian Arctic Intelligence has announced a major change in its leadership, with COO Darren Cade taking over as CEO from founder Anthony Quinn, who will become the company's board director.

The trials of the coronavirus pandemic and the $910m fine for breaking Australia's money laundering laws have caused a 66% drop in Westpac's profits.