Tag: Anti-Money Laundering (AML)

Never before has the need for global regulatory compliance been so critical, with companies operating across international borders and facing a labyrinth of diverse regulatory frameworks. This comprehensive guide explores what global regulatory compliance entails, its significance, and the main compliance categories.

In the competitive landscape of banking, customer onboarding emerges as a pivotal phase, with customer due diligence standing at its core. When managed poorly, the onboarding process can deter potential clients, causing banks to miss out on new revenue streams. Conversely, hasty or inaccurate due diligence could lead to the acquisition of customers who pose commercial and reputational risks, potentially incurring hefty regulatory fines.

The UK's top financial market watchdog has punished the London branch of Commerzbank with a £37,805,400 fine for failing to set up strong anti-money laundering (AML) measures.

While financial crime is a global problem, the US and European market are paying the most to prevent it.

A Top Gear mechanic and a pan-European criminal gang are among the criminals the HM Revenure and Customs is most proud of having caught in 2019.

Roughly 60 investors are suing Danske Bank over the money laundering scandal.

Financial services big data and analytics company Quantexa has landed a $3.3m investment from Albion Ventures and HSBC. The London-based startup uses its data software to tackle financial crime .

London-based identity and background checking startup Onfido has raised a new round of venture funding.