PYMNTS

OCTOBER 10, 2018

Reuters , citing the European Commission, reported that the move comes as lawmakers and those running for office have been raising concerns about money laundering. She argued that checks on individuals who purchased EU citizenship and residency isn’t enough and increases the risk to countries for corruption and money laundering.

Money Laundering 55

Money Laundering Financial Crimes Gateways Crime 55

PYMNTS

JANUARY 3, 2017

Amid several investigations by France into how several African leaders acquired their wealth, the vice president of Equatorial Guinea, Teodorin Obiang, is now on trial for money laundering and corruption, Forbes reports.

Money Laundering 58

Money Laundering Authorization Acquirers Accounts 58

PYMNTS

APRIL 30, 2019

Danske Bank ignored warnings from Russia’s Central Bank about money laundering and suspicious transactions worth billions through Danske’s Estonian branch, Reuters reported. The resulting document shows the extent of bank supervisors’ failures to catch the money laundering or stop it from happening.

Money Laundering 51

Money Laundering Central Bank Breach Rules 51

Fintech News

AUGUST 1, 2024

This service aims to streamline business due diligence and compliance for financial institutions and SMEs, addressing counter-party risk, credit exposure, and compliance with anti-money laundering (AML) regulations. JewelPaymentech, acquired by ADVANCE.AI ADVANCE.AI Earlier this year, ADVANCE.AI

Due Diligence 114

Due Diligence Money Laundering AML Verification 114

CB Insights

SEPTEMBER 13, 2021

Mastercard , a global fintech platform, acquired CipherTrace , a blockchain analytics and cryptocurrency intelligence software provider, for an undisclosed amount. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others. Who are the parties to the deal?

Money Laundering 43

Money Laundering Visa Acquirers Technology 43

PYMNTS

MARCH 14, 2018

Anti-money laundering startup EverCompliant has announced an investment from American Express Ventures. According to the startup’s own research, there are as many as 10 percent additional unknown and unregistered merchants committing money laundering in a merchant service provider’s existing portfolio of clients.

Money Laundering 41

Money Laundering Fraud Detection Transactions Processors 41

PYMNTS

OCTOBER 15, 2020

When Jumio acquired anti-money laundering (AML) solutions platform Beam last week, the move was more significant than simply adding AML strength to its onboarding platform, Jumio ’s Chief Product Officer Philipp Pointner told PYMNTS in a recent conversation. “We So, I think there’s a real kind of threat emerging right now.”.

AML 97

AML Continuity Money Laundering Authentication 97

PYMNTS

JANUARY 28, 2019

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. Fortnite’s Money Laundering Problem.

Money Laundering 51

Money Laundering Visa Credit Cards Regulations 51

Fintech Review

APRIL 19, 2025

Key regulatory areas include customer onboarding, data protection, anti-money laundering (AML), and transaction monitoring. Expect to see more fintech infrastructure providers being acquired by enterprise SaaS companies. A security lapse, system outage, or compliance failure can destroy a platforms credibility overnight.

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

PYMNTS

JANUARY 26, 2021

Michael Bopp, executive vice president and chief customer engagement officer for Synchrony Financial, spoke with PYMNTS about how anti-money laundering (AML) expectations are changing and how Synchrony has developed customer engagement and cybersecurity protocols to address all aspects of money laundering.

Finance 63

Finance Money Laundering Acquirers AML 63

PYMNTS

DECEMBER 26, 2018

Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit financial threats. As a result, anti- money laundering (AML) has been occupying the headlines as of late. High IT costs.

Money Laundering 76

Money Laundering AML Wire Transfer Rules 76

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

The Fintech Times

OCTOBER 31, 2024

SHOPLINE will leverage Unlimit’s portfolio of more than 1,000 global payment methods and card acquiring services to help Chinese merchants seamlessly process customers in other APAC countries and new markets, like LatAm, Europe, the UK as well as Africa.

FinTech 59

FinTech Verification Money Laundering Regulatory Compliance 59

PYMNTS

NOVEMBER 29, 2017

In a recent webinar, G2’s chief product officer, Dan Frechtling, walked Karen Webster through the analog-to-digital transformation of transaction laundering, and what modern acquirers can do to keep these bad guys out of their portfolios. Laundering isn’t new, but the techniques are,” said Frechtling.

Money Laundering 46

Money Laundering Acquirers Transactions Crime 46

Finovate

JULY 30, 2024

Financial crime detection technology company, ThetaRay, has acquired screening specialist, Screena. AI-powered financial crime detection technology company, ThetaRay , has acquired European screening company, Screena. Terms of the acquisition were not disclosed, but the companies have been partners since the spring of 2022.

Financial Crimes 59

Financial Crimes Crime Acquirers Payment APIs and Integration 59

Neopay

JANUARY 21, 2025

Olampicaran, a small payments firm providing money remittance services, was set to be fully acquired by Mr Ahmed. In particular, Mr Ahmed had previously acquired a regulated firm and ended his tenure without the necessary approvalsactions considered criminal offences under FSMA.

Financial Crimes 52

Financial Crimes Compliance Crime Breach 52

The Fintech Times

DECEMBER 14, 2023

Cross-border payments consultancy FYST has revealed the biggest trends in acquiring, including how the sector is tapping into artificial intelligence to boost fraud detection and optimise payment authorisation. For card acquiring specifically, the volume of transactions grew at 23 per cent over the same period.

Acquirers 59

Acquirers PCI DSS Fraud Detection Cross-Border 59

PYMNTS

JULY 2, 2019

Dutch ministers have revealed plans to regulate cryptocurrencies in order to prevent money laundering in the country. And Jeffrey Berns announced that he has acquired a small community bank for $28 million. Crime cannot pay.

Money Laundering 40

Money Laundering Bitcoin Cryptocurrency Crime 40

The Fintech Times

APRIL 24, 2025

Partnerships Identity platform Trulioo is partnering with PingPong , a cross-border embedded payment solution provider, to enable the cross-border firm to expand its global footprint while meeting rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) compliance standards by automating verification processes.

FinTech 59

FinTech Cross-Border Payment APIs and Integration Multi-Currency 59

Segpay

DECEMBER 22, 2023

In addition, most banks will not allow merchant information to be an image, it must be written out in text form so that it can be picked up by the different website crawler technology that acquirers and the card brands use. Acquirers don’t love lifetime memberships because they are a big credit risk for them.

Money Laundering 103

Money Laundering Acquirers Processors Underwriting 103

Stax

APRIL 3, 2025

Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. Acquiring bank – Acts as the link between the merchant and the issuing bank. While the acquiring bank is the merchants bank, the issuing bank is the customers bank.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

DECEMBER 28, 2016

Israel-based cyber-intelligence company EverCompliant is the first line of defense against transaction laundering, the digital payments space’s equivalent of traditional money laundering. Founded in 2007, EverCompliant began as a global acquirer enabler, helping acquiring banks to manage their merchants’ PCI compliance.

Transactions 51

Transactions Money Laundering Acquirers Mitigation 51

CB Insights

OCTOBER 29, 2020

This approach relies on layers of middlemen, contributing to inefficiencies and even creating opportunities for foul play like money laundering and corruption. Our analysis also includes acquired companies if they continue to provide stand-alone third-party services. Interested in learning more about Blockdata and DLT?

Real Time Gross Settlement (RTGS) 101

Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

PYMNTS

DECEMBER 28, 2018

According to a Fortytwo Data report published in October, 18 out of the 20 largest banks in Europe have been sanctioned for money-laundering activities in the last decade. It was also a busy year for banking technology provider Avoka, which announced it reached an agreement to be acquired by Temenos only weeks ago.

Money Laundering 74

Money Laundering Small Business Fincen Compliance 74

Fintech Finance

AUGUST 1, 2024

Money laundering remains one of the most significant contributors to losses to financial crime, with the United Nations Office on Drugs and Crime (UNODC) totaling up to $2 trillion USD, or up to 5% of global GDP. It acquires merchants through trusted partner networks and collaborates with over 20 global partners.

Fraud Prevention 98

Fraud Prevention Financial Crimes Technology Crime 98

PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used.

AML 108

AML Money Laundering Compliance Law Enforcement 108

PYMNTS

SEPTEMBER 1, 2020

In addition, an inquiry is likely to focus on the finance minister who oversees the Federal Financial Supervisory Authority (BaFin) and the Financial Intelligence Unit, Germany’s anti-money laundering agency. The call for the probe has also come from the Free Democratic party and the populist Alternative for Germany.

Money Laundering 100

Money Laundering Finance Rules Authorization 100

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Financial sector players must guard against all forms of money laundering and other criminal activities.

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

Fintech Review

APRIL 11, 2025

It covers identity verification, anti-money laundering (AML), transaction monitoring, and reporting automation. Banks acquire or partner with fintech startups to accelerate innovation. AML and KYC compliance is critical in the fight against money laundering and terrorism financing.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Just consider all the recent acquisitions from major payments players.

AML 108

AML Privacy Procedures Money Laundering 108

Finovate

DECEMBER 2, 2024

Mitsubishi UFJ Financial Group (MUFG) agrees to acquire Japanese robo-advisory firm WealthNavi for $664 million. Cryptocurrencies Taiwan expedites implementation of its new Anti-Money Laundering (AML) regulations for cryptocurrency companies. Payments Digital payroll company Deel acquires U.K.-based million (€16.8

FinTech 59

FinTech AML Money Laundering Crime 59

PYMNTS

JANUARY 18, 2022

Department of Justice, following an indictment accusing them of deliberately ignoring anti-money laundering regulations and covering up dealings with Americans “in violation of its purported U.S. user ban.”. BitMEX Indictments. BitMEX has had substantial troubles of its own recently.

Money Laundering 67

Money Laundering Procedures Regulations Cryptocurrency 67

FICO

JULY 25, 2016

Anti-money laundering (AML) is a good example. My FICO colleague TJ Horan recently blogged about the skyrocketing compliance costs that banks face in their fight against money laundering and other financial crimes. Through these enhancements, we are finely honing the portfolio’s efficacy in fighting financial crime.

AML 64

AML Money Laundering Financial Crimes Crime 64

FICO

JULY 14, 2016

The sheer scope of financial crime—money laundering, evasion of sanctions, financing of terror and other transgressions—is shocking. In 2015 we acquired TONBELLER , an innovator in risk-based financial crime prevention and compliance. And follow me on Twitter @FraudBird.

Financial Crimes 66

Financial Crimes Crime Money Laundering Due Diligence 66

Fi911

MARCH 14, 2024

A MID is a unique code assigned to merchants by their acquiring bank or payment processor. Personal identification documents of the business owners, for background checks and anti-money laundering (AML) compliance. This code is a key identifier in the processing of credit card transactions.

Due Diligence 104

Due Diligence Processors Fraud Detection Money Laundering 104

PYMNTS

JULY 19, 2020

Within two months of the report, Wirecard collapsed after this third-party acquiring business, which was said to carry out payments processing for the company in countries where it lacked licenses to operate, turned out to be a sham. Reporting solely on KPMG’s forensic investigation carries the danger of misinterpretation,” they noted. .

Money Laundering 61

Money Laundering Audit Accounts Acquirers 61

Fi911

NOVEMBER 7, 2023

A cornerstone of this mission is the concept of “AML,” or “Anti-Money Laundering” protocols. AML: An Overview Anti-Money Laundering refers to a comprehensive framework employed by banks and other financial entities to prevent illicit financial activities. But, what does AML entail?

AML 52

AML Compliance Money Laundering OFAC 52