Tag: money laundering

From: RegTech Analyst The global anti-money laundering software market is expected to double in value over the next few years. The AML software market is expected...

RegTech company SmartSearch U.S, has improved its anti-money laundering (AML) offering on the back of Congress passing new financial crime laws in January.

One of the UK's top officials fighting money laundering has warned that a "disturbing" amount of Russian money is being funnelled through the country.

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has raised a $22m round.

HM Revenue and Customs has named and shamed businesses that have been fined a total of more than £23.8m for breaking money laundering laws.

Following the intense scrutiny of the FinCEN Files, US lawmakers have introduced new legislation to fight money laundering.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

FinTech Computer Services has partnered with financial crime-fighting company Featurespace to launch a holistic anti-money laundering solution WatchDOG AML.

The UK's National Crime Agency has called for an overhaul of the money laundering reporting system to deal with low-quality or unnecessary warnings.

The French National Gendarmerie has completed an 18 month money laundering investigation, which has resulted in the arrest of 18 suspects and the seizure of ?4m worth of assets.