Tag: money laundering

Banks struggle to detect money laundering and Covid-19 is making the situation worse, according to new research from BAE System.

The Financial Conduct Authority has secured an order against money laundering fugitive Richard Baldwin that would force him to either pay £1.6m or face another eight years in prison.

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 initiated an investigation into Swedbank for suspected breaches of market abuse.

Australian-based Arctic Intelligence has launched the latest iteration of its risk assessment platform to better support clients across the world.

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.

FICO's Siron solution has made a name for itself enabling businesses to combat money laundering and terrorist financing, which is now being used by the International Bank of Azerbaijan (IBA) in a new deal.

Darknet users have increased the value of their bitcoin transactions, according to new research from Bitfury, the emerging technologies company.

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