Tag: AML
Deutsche Bank reportedly found failings in its cheque screening processes
Deutsche Bank has reportedly found ‘serious failings’ within its payments screening and AML procedures.
Over 50% of consumers fear using biometrics for online payments
More than half of consumers are worried about shifting to biometrics for authenticating online payments, a study from Paysafe claims.
Deutsche Bank reportedly fails to report suspicious transactions involving Donald Trump
Deutsche Bank has come under fire for failing to inform federal financial crime watchdogs in regard to suspicious transactions involving Donald Trump and his son-in-law Jared Kushner.
Fenergo study claims a fifth of banks believe legacy systems prevent...
A fifth of financial institutions claim outdated technology infrastructures are holding them back from investing in new solutions such as AI, a study from Fenergo claims.
Atom bank partners with TruNarrative to bolster AML capabilities
TruNarrative has partnered with UK-based Atom bank to help the firm with its AML transaction monitoring and financial crime customer screening and monitoring. Atom chose...
Europol helps Spanish government take down crypto money laundering operation
Europol has supported the Spanish government in dismantling a criminal organisation which had been providing ‘large-scale’ crypto money laundering services to other criminal bodies.
Vital4 closes $1.1m funding round from Access Private Partners
Vital4, a data search and due diligence solution provider, has closed a $1.1m funding round to support its continued growth.
Jumio strengthens its relationship with Monzo
Identity verification platform Jumio has strengthened its partnership with challenger bank Monzo by singing a new multi-year agreement.
Fiserv deploys AML technology to Mercury Payment Services and Arion Bank
Mercury Payment Services and Arion Bank have integrated Fiserv to help them streamline their AML processes and fraud risk management.
Foregenix, Tranwall partner to combat ATM cashout fraud
Cybersecurity company Foregenix has teamed up with Australian payment card security company Tranwall to combat the rise of global ATM cashout fraud.