Tag: AML

Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a funding round on $15m.

The global market for solutions preventing money laundering is set to skyrocket to be worth $1.99bn by 2025.

Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.

Crime prevention software developer Featurespace has been enlisted by NatWest to protect the bank's customers against fraud.

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

New Zealand-based RegTech startup First AML has bagged $5.4m in its Series A round, which was led by Bedrock Capital.

New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.

Anti-money laundering compliance technology developer Hummingbird RegTech has scored $8.2m in its Series A round.

A leaked FBI bulletin calls for increased regulatory scrutiny of private equity firms and hedge funds to better fight money laundering.