Tag: Anti-Money Laundering

Key European InsurTech investment stats in 2023: • European InsurTech deal activity totalled at 126 deals in 2023, a 44% reduction from the previous year •...

Refine Intelligence, a FinTech company specialising in Financial Crime Greenflagging, announced its launch, marking a significant advancement in anti-money laundering (AML) practices.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

Key Portuguese FinTech investment stats in Q1-Q3 2023: • Portuguese FinTech deal activity reached 21 transactions during the first nine months of 2023, a 10%...

The landscape for Payment Service Providers (PSPs) is rapidly evolving, with a pressing need to scale operations effectively while managing Anti-Money Laundering (AML) compliance...

In the fast-paced world of corporate governance, 2024 looms with unprecedented challenges. As we peer into this future, it's evident that the previous years'...

Politically Exposed Persons (PEPs) have been a longstanding concern in the world of banking and finance, with their identification being a crucial element of anti-money laundering (AML) regulatory requirements for over two decades. Recent events, such as Russia's invasion of Ukraine, have propelled PEPs into the spotlight, as even prominent figures in British politics found themselves denied access to their bank accounts due to their PEP status, as Moody's Analytics discussed in their recent white paper.

Key Nordic FinTech investment stats in Q3 2023: • Nordic FinTech deal activity reached eight deals in Q3 2023, a 77% drop from Q3 2022 •...

Flagright, a global leader in AI-powered AML (Anti-Money Laundering) compliance solutions, has announced that it has onboarded iCore Technologies as its latest customer.