Fintech News

JULY 17, 2024

A recent comprehensive report by Chainalysis sheds light on the intricate world of crypto-related money laundering. The Scale of Crypto Money Laundering The magnitude of crypto-related money laundering is staggering. Usage of mixers peaked in 2022, with over US$1.5 billion of value received in April alone.

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

Neopay

MARCH 6, 2025

The allegations involve multiple counts of fraud and money laundering, painting a picture of large-scale financial misconduct within the firm. The allegations In December 2024, the FCA charged John Dance with nine criminal offences, including fraud by abuse of position and money laundering.

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. The NRA concludes that, given the existing controls, the risk of criminals using Singapore for environmental crimes money laundering is medium-low.

Money Laundering 111

Money Laundering Crime Risk Law Enforcement 111

Finextra

FEBRUARY 22, 2024

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

Money Laundering 122

Money Laundering Authorization 122

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. Consequently, Singapore is closely monitoring the sector.

Money Laundering 107

Money Laundering Risk Crime Law Enforcement 107

Fintech News

FEBRUARY 4, 2025

The research shows that banks in Singapore are dedicating more time and resources to KYC processes, which are vital for anti-money laundering (AML) compliance, than any other region surveyed.

Money Laundering 116

Money Laundering Due Diligence AML Financial Crimes 116

Fintech Finance

MARCH 10, 2025

Its latest enhancements include an enhanced architectural redesign to meet high-throughput transaction screening demands, ongoing support for additional integrations as organizations support new payment messages, and a redesigned user interface to accommodate complex workflows and accelerate review times for different payment messages.

Real Time Payments 98

Real Time Payments Faster Payments Transactions Money Laundering 98

Finextra

JANUARY 26, 2024

The UK’s National Crime Agency (NCA) has issued an amber alert to prevent further money laundering in the art storage sector.

Money Laundering 96

Money Laundering Crime 96

Finovate

APRIL 8, 2025

AI-powered anti-money laundering (AML) company Hawk has raised $56 million in Series C funding. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. Hawk made its Finovate debut at FinovateSpring 2022 in San Francisco.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

Stax

DECEMBER 4, 2023

According to a UN report, money laundering activities of about $1.6 The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. They need to be given regular training to deal with novel techniques used by money launderers.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Fintech News

DECEMBER 3, 2024

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

Stablecoins 130

Stablecoins Money Laundering Cryptocurrency Payments 130

The Paypers

OCTOBER 14, 2024

Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US.

Money Laundering 81

Money Laundering Settlement Agreements 81

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 78

Money Laundering AML SARS Financial Crimes 78

The Fintech Times

MARCH 27, 2024

Five people, including convicted fraudster Neale Rothera , were sentenced for their involvement in a fraud and money laundering scheme which cost banks over £500,000 earlier this week. But with the money unrecoverable, how can this type of situation be avoided in the future?

Money Laundering 93

Money Laundering Financial Crimes Crime Due Diligence 93

Finextra

JANUARY 19, 2024

Francesco Fulcoli - Chief Compliance Officer The Council of the European Union and the European Parl.

Money Laundering 119

Money Laundering Rules Compliance 119

Fintech Finance

MARCH 10, 2025

Its latest enhancements include an enhanced architectural redesign to meet high-throughput transaction screening demands, ongoing support for additional integrations as organizations support new payment messages, and a redesigned user interface to accommodate complex workflows and accelerate review times for different payment messages.

Real Time Payments 75

Real Time Payments Faster Payments Transactions Money Laundering 75

The Paypers

OCTOBER 25, 2024

Nigeria’s Economic and Financial Crimes Commission ( EFCC ) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.

Money Laundering 66

Money Laundering Financial Crimes Crime 66

Open Banking Excellence

FEBRUARY 6, 2025

We also want to ensure our national standards, including the layers around anti-money laundering and counter terrorist financing, are recognised internationally. This will be an enabler for our citizens to use as many online services as possible.

Governance 230

Governance Government Interoperability Central Bank 230

Fintech News

DECEMBER 3, 2024

The United Nations Office on Drugs & Crime has identified the country as a hub for illicit activities, including money laundering and dark web transactions facilitated by cryptos. This regulatory action occurs amid increasing international scrutiny of Cambodia’s involvement in cybercrime and crypto scams.

Blocks 111

Blocks Money Laundering Scams Regulations 111

Bank Automation

DECEMBER 17, 2024

Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by Swedens Financial Supervisory Authority for violating anti-money laundering rules. The regulator in a Dec.

Regulations 98

Regulations Money Laundering Crime Assessments 98

Fintech News

MARCH 24, 2025

Current verification methods, Source: State of the Crypto Industry 2025, Sumsub, Feb 2025 Increased regulatory scrutiny The decline in crypto fraud rates also aligns with the proactive regulatory measures implemented by major APAC financial hubs to enhance transparency, security, and stability in sector.

APACS 87

APACS Verification Fraud Detection Money Laundering 87

The Payments Association

MARCH 5, 2025

Lynx Tech introduces its next-generation anti money laundering (AML) screening solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed. Our AI-driven AML screening helps institutions remain compliant while reducing unnecessary alerts and operational strain.

Financial Crimes 88

Financial Crimes AML Crime Risk 88

Payments Source

SEPTEMBER 11, 2020

The Philippines’ anti-money laundering authority has identified 57 “people of interest,” including foreigners and local bank officers and government officials, whose links to Wirecard AG are being scrutinized.

Money Laundering 160

Money Laundering Authorization Governance Government 160

Bank Automation

APRIL 10, 2025

the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform.

Blocks 52

Blocks Settlement Due Diligence Money Laundering 52

Neopay

APRIL 10, 2025

While there was no actual money laundering, the enforcement highlights a theme across the financial sector: that even in the absence of proven financial crime, poor controls and a lack of monitoring can lead to severe regulatory action. What went wrong for Revolut?

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

The Payments Association

FEBRUARY 14, 2025

Firms engaging with cryptoassets must already navigate UK financial promotions and anti-money laundering rules, with further oversight expected. The regulatory landscape for stablecoins is set for significant change. Risk management : Implementing robust risk management practices is crucial when dealing with stablecoins.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

SEPTEMBER 2, 2024

The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities. All commercial banks are now using the data provided by the CRF system and the Anti-Money Laundering Office to take action against those involved.

Accounts 144

Accounts Money Laundering Scams Blocks 144

The Fintech Times

JANUARY 21, 2025

As much as three-quarters (72 per cent) of regulated companies feel overwhelmed by current anti-financial crime compliance demands; according to the latest study by digital compliance and anti-money laundering (AML) solution provider SmartSearch.

Regulations 72

Regulations Financial Crimes Money Laundering Crime 72

Fintech Finance

OCTOBER 30, 2024

Our Distinguished Speakers line-up: Abbas Khamisa, Head of Treasury Solutions, Global Banking at MUFG Investor Services Alessandra D’Este, Senior Payments Expert, EMEA at Swift Amrit Toor, Solutions Architect at Cloudflare Andrea Moundi Savvides, Global Director of Risk and Compliance (Harneys) and Chair and Founding Member of the Cyprus Compliance (..)

Compliance 98

Compliance AML Money Laundering Payments 98

The Nilson Report

JANUARY 27, 2025

The post US State Regulators Fine Block Inc $80 million for Insufficient Money Laundering Controls appeared first on Nilson Report.

Money Laundering 52

Money Laundering Blocks Regulations Posting 52

Fintech News

DECEMBER 22, 2024

New crypto regulations came into effect, introducing requirements relating to anti-money laundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapores commitment to fostering innovation in the crypto and tokenization space.

FinTech 111

FinTech Cross-Border Payments Cross-Border Money Laundering 111

The Fintech Times

MARCH 31, 2025

Innovative solutions and data-driven strategies will be crucial for enhancing anti-money laundering and fraud prevention efforts, ultimately ensuring a more secure financial ecosystem in Europe.

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

Stax

JANUARY 23, 2025

Ensure regulatory compliance by adhering to anti-money laundering (AML) laws and Know Your Customer (KYC) requirements. Anti-Money Laundering (AML): AML checks prevent the use of payment systems for illegal activities, such as money laundering or financing terrorism.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Finance

DECEMBER 17, 2024

Visas AI-powered Anti-Money Laundering AI enhances fraud detection and prevention, while tokenization reduces fraud risk by replacing sensitive card details with unique tokens. Enhanced Security: With the rise of digital payments, security is paramount.

Payments Trends 97

Payments Trends Cross-Border AI Payments 97

The Fintech Times

MARCH 10, 2025

FinScan , an anti-money laundering (AML) compliance solution provider, has enhanced its payment screening solution in a move to support faster, frictionless payment operations across the globe. FinScan Payments is well equipped to support faster payments while effectively controlling risk across domestic and cross-border ecosystems.”

Money Laundering 59

Money Laundering FinTech AML Payment Message 59

Finextra

FEBRUARY 13, 2025

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

Visa 112

Visa AI Money Laundering Financial Crimes 112

The Fintech Times

MARCH 28, 2025

It also enables businesses to streamline risk management and ensures they meet stringent customer due diligence requirements under anti-money laundering ( AML ) regulations. ” Applicable at any business level As a global solution, it is tailored to meet the unique needs and maturity-levels of different markets.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76