Neopay

JULY 18, 2024

Money laundering is a pervasive issue, affecting economies and societies worldwide. This clandestine nature makes it challenging to quantify the exact amount laundered annually. The anonymity offered by cryptocurrencies makes them attractive for laundering illicit funds.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

Fintech News

SEPTEMBER 2, 2024

As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses navigate these evolving requirements. LDP simplifies compliance with these local regulations by ensuring data is stored and processed locally.

APACS 116

APACS Privacy Regulations Fraud Prevention 116

The Fintech Times

SEPTEMBER 12, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. However, it is key not to forget the role of the regulator.

Compliance 63

Compliance Regulations Financial Crimes Non-Bank 63

The Fintech Times

NOVEMBER 26, 2024

With over 240 million customers across the globe, global blockchain ecosystem and cryptocurrency exchange, Binance is seeking top compliance and investigation talent to ensure it can keep pace with the industry and company’s rapid maturation and growth. “We Currently, the firm employs over 1,000 compliance staff and contractors.

Compliance 63

Compliance Financial Crimes Crime Money Laundering 63

The Fintech Times

NOVEMBER 7, 2024

Through this partnership, Boerse Stuttgart Digital is aiming to embrace the continuing growth of Europe’s crypto market by enhancing the scalability of its infrastructure solutions, while streamlining compliance processes in collaboration with Fenergo. Together with Fenergo, we continue to drive the adoption of crypto across Europe.”

Compliance 58

Compliance Process Money Laundering Regulatory Compliance 58

The Fintech Times

APRIL 29, 2024

In the last two decades, anti-money laundering (AML) regulatory framework, processes and mechanisms have not changed much. As a result, fraudsters are capitalising on firms’ inadequacies to spot and deal with money laundering. Is the global anti-money laundering (AML) system broken? What’s the problem?

Money Laundering 77

Money Laundering AML SARS Financial Crimes 77

Innovative Payments Association

AUGUST 29, 2024

However, one major challenge that cannabis businesses face is banking compliance. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. Compliance hurdles are significant. To bridge these gaps, many banks are prioritising compliance and risk management investments.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

Neopay

DECEMBER 18, 2023

Given the cross-border nature of financial crime, the new authority will boost the efficiency of the anti-money laundering and countering the financing of terrorism (AML/CFT) framework, by creating an integrated mechanism with national supervisors to ensure obliged entities comply with AML/CFT-related obligations in the financial sector.

Money Laundering 52

Money Laundering Authorization AML Agreements 52

Fintech Finance

OCTOBER 23, 2024

Led by Intix, the survey explored readiness levels and compliance with key regulations, including ISO 20022 standards, as well as the readiness of banks as they prepare to meet the EU’s Instant Payments Regulation, which takes effect in January 2025 for receiving instant payment transactions and October 2025 for sending instant payment transactions.

Instant Payments 89

Instant Payments ISO 20022 Regulations Fraud Detection 89

The Fintech Times

MAY 18, 2024

Crypto exchange, Binance has played a massive part in solving a major crypto-assisted money laundering case in Taiwan involving nearly NT$200million (approximately US$6million). The post Binance Plays Vital Role In Cracking Crypto-Assisted Money Laundering Case in Taiwan appeared first on The Fintech Times.

Money Laundering 68

Money Laundering Law Enforcement Financial Crimes Crime 68

Fintech Review

NOVEMBER 26, 2024

Miami, Florida, November 26th, 2024, Chainwire Advancing compliance and trust in the cryptocurrency ecosystem. We are proud to announce that James Young , Transak’s Head of Compliance and MLRO , has joined the Elliptic Client Advisory Board. Congratulations to James Young on this significant achievement!

Compliance 52

Compliance Money Laundering Blockchain Best Practices 52

The Fintech Times

NOVEMBER 27, 2024

While the FCA still warns that consumers who invest in cryptoassets ‘should be prepared’ to lose all of their money, due to the continuing volatility and lack of regulation surrounding the industry, consumers appear undeterred. We hope that the FCA will continue to collaborate with enterprises in the digital asset space.

Regulations 107

Regulations Stablecoins Risk Consulting 107

Payments Source

APRIL 25, 2018

When regulators recognize ICOs as securities offerings, they will likely require issuers to fully comply with standard Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, increasing compliance pressure, according to Ron Teicher, CEO of EverCompliant.

Money Laundering 98

Money Laundering Issuers Cryptocurrency AML 98

PYMNTS

MARCH 12, 2019

Among the latest headlines swirling in FinTech: Digital bank Revolut, based in the United Kingdom, has taken on an adviser, along with filling new positions, to bolster compliance teams at the firm. The data can help these companies make informed decisions about money laundering and potential fraud risk. In the U.K.,

Money Laundering 59

Money Laundering Regulations Financial Crimes Authorization 59

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. Margita, why is having a Compliance Monitoring Plan so important for businesses today? Can a Compliance Monitoring Plan be used for more than just adhering to FCA regulations? Absolutely.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

The Fintech Times

SEPTEMBER 13, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. So far this month, The Fintech Times has focused on compliance.

Compliance 71

Compliance FinTech Reconciliation Audit 71

Fintech Review

NOVEMBER 6, 2024

Dubai, UAE, November 6th, 2024, FinanceWire 1inch is pleased to announce the appointment of Hedi Navazan as 1inch Group’s new Chief Compliance Officer. A strong foundation begins with a culture of security, compliance and a dedication to doing things the right way. Contact PR lead Pavel Kruglov 1inch Labs p.kruglov@1inch.io

Compliance 52

Compliance Financial Crimes Regulatory Compliance Crime 52

PYMNTS

MARCH 15, 2019

Money laundering is a major threat in the United Kingdom , one some watchdogs say is not being taken seriously enough. The National Crime Agency (NCA) estimates that hundreds of billions of pounds are laundered through U.K. under current rules, for big banks to be prosecuted for money laundering.” .

Money Laundering 65

Money Laundering AML Non-Bank Regulations 65

PYMNTS

DECEMBER 18, 2020

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. Credit Suisse, the case determined, had failed to freeze 35 million francs subject to a 2007 seizure order. “The

Money Laundering 81

Money Laundering AML Compliance Continuity 81

Stax

JANUARY 15, 2024

Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Credit card surcharging can help offset these expenses, but it can be tricky.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech News

MARCH 3, 2024

FOMO Group, a Singapore-based financial holding company, announced that it has appointed Cindy Ho as its new Group Head of Compliance. FOMO Group has consistently demonstrated its commitment to the highest standards of compliance. She has previously served as the Chief Control Officer at Bank J. Before her tenure at Bank J.

Compliance 105

Compliance AML Money Laundering Regulatory Compliance 105

PYMNTS

NOVEMBER 30, 2020

CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. By partnering with Featurespace, we’re providing our customers with a powerful AML solution that leverages the latest in machine learning to fight illicit activity and ensure compliance.”. Computer Services, Inc.

Money Laundering 63

Money Laundering Financial Crimes AML Crime 63

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

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. We asked industry experts to find out.

Compliance 63

Compliance Rules Regulations Cybersecurity 63

Fintech News

APRIL 10, 2024

These efforts cover a comprehensive range of regulatory concerns, including but not limited to licensing requirements, reserve asset management, redemption rights, capital adequacy, consumer protection, and compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) guidelines.

Stablecoins 121

Stablecoins Regulations Risk Mitigation Digital Currency 121

The Payments Association

OCTOBER 24, 2024

Cross-border payments are transforming rapidly with evolving regulations and technological advancements. provides a robust solution to companies that balance compliance, security, and operational efficiency. As businesses navigate the complexities of global trade, DigiDoe Ltd. Connect on Linkedin here

Cross-Border Payments 88

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Detection 88

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

Money Laundering 72

Money Laundering Automation AML Compliance 72

The Fintech Times

JULY 31, 2024

While many organisations are successfully solving genuine issues , regulators are as keenly focused on these firms as those out to maximise profits. “Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. .

Compliance 63

Compliance AML Regulations Due Diligence 63

PYMNTS

DECEMBER 9, 2020

Cryptocurrency exchanges like BitGo have often come under fire from traditional financial institutions (FIs) as well as government agencies for suspicions of harboring money launderers that leverage cryptocurrencies to trade in their ill-gotten gains for clean, spendable funds. regulations.”.

Money Laundering 66

Money Laundering Cryptocurrency AML Bitcoin 66

PYMNTS

MARCH 14, 2019

However, despite the friction points that can get introduced into the process due to anti-money laundering (AML) and Know Your Customer (KYC) processes, FIs have no choice but to comply, or they risk fines and loss of customer trust. Deep Dive: an Automated Approach to the $2T Global Money Laundering Problem.

Money Laundering 73

Money Laundering Due Diligence AML Compliance 73

FICO

FEBRUARY 15, 2021

Eurobank , one of the four Greek systemic banks, now performs real-time AML (anti-money laundering) and KYC (Know Your Customer) checks, with automation across digital and remote channels resulting in substantial efficiency improvements. . For its achievements, Eurobank won a 2021 FICO® Decisions Award for regulatory compliance.

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

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

Due Diligence 111

Due Diligence Money Laundering AML Verification 111

Finovate

MARCH 28, 2024

Fraud and risk platform DataVisor launched its anti-money laundering (AML) solution this week. The new offering combines fraud fighting and anti-money laundering operations in a unified, approach that helps institutions better deal with emerging threats and evolving regulations. Co-founder Yinglian Xie is CEO.

AML 58

AML Compliance AI Money Laundering 58

Fraud.net

NOVEMBER 24, 2023

In this digital age, anti-money laundering is challenging. Find out what regulations apply to AML in banks and how you can remain compliant.

Regulatory Compliance 52

Regulatory Compliance AML Money Laundering Compliance 52

Fintech Finance

MARCH 1, 2024

Wirex , a leading digital payment platform, is thrilled to announce the appointment of Anna Di Censo, a distinguished tier-1 talent from the traditional banking sector, as the new Money Laundering Reporting Officer (MLRO) for Italy.

Compliance 52

Compliance Risk Money Laundering Risk Management 52

The Payments Association

NOVEMBER 25, 2024

The regulatory landscape: FCA and PSR’s roles in de-risking The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) are pivotal in shaping the UK’s financial ecosystem. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88