No more credit cards, pay with your smile – Industry roundup: 18 May
by CTMfile
Fastest growing fintech, Synergistic collaboration, 5 partnerships with DBS, $100 million risk-sharing facility, biometric facial recognition.
Anti-Money Laundering
Background
The Money Laundering Control Act of 1986 is a United States of America Act of Congress that made money laundering a Federal crime. This legislation combined with other legislation such as the European…
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Bitcoin does not scale – Industry roundup: 16 May
by CTMfile
...Bitcoin's future as a payment network because Bitcoin's "proof of work" system will not be able to handle millions of transactions.
Central Bank of Argentina moves anti-crypto – Industry roundup: 9 May
by CTMfile
Argentina intervenes to deter banks cyrpto, Ripple lawsuit, ECB resists pressure, U.S. regulatory agencies Community Reinvestment Act
Digital crypto bank in Brazil – Industry roundup: 6 May
by CTMfile
According to reports, ICICB is implementing a robust Anti Money Laundering compliance framework to ensure a high of regulatory compliance.
Rise in suspicious crypto activity – Industry roundup: 4 May
by CTMfile
Rising suspicious activity reports (SARs) on cryptocurrencies, US FedNow service pilot program, testing real-time cross-border payments.
Industry roundup: 8 March
by Graham Buck
Procure4Peace formed to assist Ukraine; Building materials shortage to intensify; Shell joins Russia exodus; Supply Chain Catalyst tool launched
Industry roundup: 23 February
by CTMfile
Thales' new solution, FV Bank launches API to automate payment data to clients, Nedbank South Africa goes digital, GIABA to combat money laundering
Industry roundup: 2 February
by CTMfile
IRS transition to RPA tech, UAE fintechs invited to VEI, EBA launches EuReCa, India taxes crypto, Oracle expands OCI features
Industry roundup: 15 December
by CTMfile
Global supply chain disruptions, BBVA Switzerland is first in Europe to use Ethereum into its service, AML solutions expand into the Baltic region
U.S. Treasury Department and FinCEN fight against global corruption: New rule effective February 7, 2022
by CTMfile
Effective in early 2022, shell companies will be required to report beneficial ownership information (BOI) details on who controls the company.
Feedzai’s RiskOps platform brings all risk management together
by Jack Large
Operationalize machine learning and mitigate the most complex financial crime
Industry roundup: 27 October
by CTMfile
SWIFT Go provides safer cross-border transactions, Kyriba's Currency Impact Report, Barclaycard Payments partners with SAP for payments optimization
Africa’s first digital currency launched
by Graham Buck
The Central Bank of Nigeria announced that the eNaira finally made its debut on Monday after missing its original 1 October launch date
Industry Roundup: 8 October
by Jack Large
News in brief, featuring e-identity market, Crypto market in the UK, NatWest AML failures
Industry roundup: 7 October
by Graham Buck
News in brief featuring NatWest's AML lapse and BNY Mellon joins Marco Polo network
Better ways to detect and disrupt financial crime
by Ben Poole
New research commissioned by SWIFT Institute analyses the current financial transaction monitoring model and suggests opportunities for the future.
Fraud – the biggest danger is your own staff and contractors
by Jack Large
Don’t forget the basics in fraud prevention
Continuous KYC: How to know what is really going on at your suppliers & customers
by Jack Large
AMPLYFI’s deep search really digs the key detail
Cybersecurity solutions to stop the fraudsters
by Ben Poole
Mastercard is the latest to upgrade its cyber offerings for businesses.
EBA makes AML and ESG moves
by Ben Poole
The European Banking Authority has issued guidance on the enforcement of AML rules and launched a consultation on ESG risks.
Mastercard deploys AI to tackle cyber security
by Ben Poole
Its Cyber Secure solution aims to advance a set of integrated cyber capabilities for banks and their businesses.
Searching for standardisation in KYC
by Ben Poole
The SWIFT KYC Registry was the focus of a recent webinar that included a corporate treasurer on the panel.
Dutch banks take aim at money launderers
by Ben Poole
Transaction Monitoring Netherlands is a collaborative effort that aims to crack down on money laundering and terrorism financing.
Banks and police team up to fight financial crime in Sweden
by Ben Poole
The SAMLIT effort will be piloted this year, with the goal of launching in 2021.