Search Results for: anti-money laundering

Trusted Global Solution Needed as EU Ministers Meet to Bolster Anti-Money Laundering Rules, Says Trulioo

The Fintech TimesJanuary 24, 2019January 22, 2019

by The Fintech TimesJanuary 24, 2019January 22, 2019

On Tuesday, EU finance ministers met following the European Union’s decision to adopt tougher anti-money laundering (AML) rules. This meeting is going to confirm proposals...

Banks Big Picture Cybersecurity eCommerce Latest News

New Anti-Money Laundering Technology Sees UK Fraud Rings Frozen

thefintechtimesDecember 12, 2018December 11, 2018

by thefintechtimesDecember 12, 2018December 11, 2018

Pay.UK’s Faster Payments team is today announcing the official launch of the anti-fraud Mule Insights Tactical Solution (MITS) following a successful pilot by participants of...

Expert Opinion Fintech Companies Fintech UK Latest News

Tackling Money Laundering – New UK Rules

thefintechtimesJanuary 13, 2020January 12, 2020

by thefintechtimesJanuary 13, 2020January 12, 2020

New money-laundering rules came into force on 10 January in the UK. Firms need to take action as new rules aimed at tackling money-laundering came...

Fintech London Fintech UK Latest News Regtech Regulation

6AMLD Will Increase Punishments for Money Laundering – Is Your Business Prepared?

The Fintech TimesSeptember 4, 2019September 3, 2019

by The Fintech TimesSeptember 4, 2019September 3, 2019

New anti-money laundering legislation – 6AMLD – is set to be implemented across the European Union (EU) by 2020, requiring regulated entities to make significant...

AI Fintech UK Latest News

Could Artificial Intelligence Spell Check-Mate for Money Laundering?

The Fintech TimesAugust 29, 2019August 29, 2019

by The Fintech TimesAugust 29, 2019August 29, 2019

Dr Karthik Tadinada, Director of Data Science at Featurespace assesses the potential for machine learning in the fight against financial crime, and separates data-science fact...

Fintech London Fintech UK Latest News Regulation

Complacency Within UK Businesses Could Drive Money Laundering Risks

The Fintech TimesMay 21, 2019May 16, 2019

by The Fintech TimesMay 21, 2019May 16, 2019

Over two thirds (68%) of UK businesses think enough is being done to tackle the country’s dirty money problem, despite recent money laundering scandals sweeping...

Fintech London Fintech UK Latest News

Failure to Comply with Money Laundering Regulations Sees 91% Rise in HMRC Fines

The Fintech TimesMay 8, 2019May 3, 2019

by The Fintech TimesMay 8, 2019May 3, 2019

The value of fines imposed by HMRC for failures to comply with anti-money laundering obligations jumped 91% last year, says fscom, the financial services regulatory...

Cybersecurity Fintech Companies Latest News

Global Identity Verification Helps Mitigate Money Laundering and Fraud in Two of the World’s Fastest Growing Markets

The Fintech TimesJanuary 7, 2019January 3, 2019

by The Fintech TimesJanuary 7, 2019January 3, 2019

Global identity verification company, Trulioo, announced today that it now verifies customers in the Czech Republic and Slovakia through its electronic identity verification platform, GlobalGateway – helping to mitigate...

identitii and Blue Prism Partner to Enable Banks to Securely Streamline Financial Transactions While Helping Detect Money Laundering and Fraud

thefintechtimesJune 25, 2018June 21, 2018

by thefintechtimesJune 25, 2018June 21, 2018

identitii, the company enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions, announced a new partnership with Blue Prism...

Global approach is the only way to address money laundering, says identity verification expert

thefintechtimesMay 22, 2018May 22, 2018

by thefintechtimesMay 22, 2018May 22, 2018

Banks are spending $20 billion on compliance in an effort to combat money laundering, yet only one percent of illicit financial flows are seized by...