Industry roundup: 15 December
by Kylene Casanova
Global supply chain disruptions, BBVA Switzerland is first in Europe to use Ethereum into its service, AML solutions expand into the Baltic region
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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U.S. Treasury Department and FinCEN fight against global corruption: New rule effective February 7, 2022
by Kylene Casanova
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 Kylene Casanova
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.
European Commission ramps up fight against money laundering and terrorist financing
by Ben Poole
Its six pillar Action Plan aims to ensure that EU rules are more harmonised and more effective.
Rise in cybercrime as fraudsters exploit COVID-19
by Ben Poole
Microsoft and Temenos are the latest to try and address the spike in financial crime.
Tackling cyber threats through technology and education
by Ben Poole
IBM and Fernergo partnering on software solutions to financial crime, as Mastercard and Oxford University offer cyber skills programme.
EBA seeking to mitigate financial crime risks during COVID-19
by Ben Poole
The European Banking Authority has outlined AML/CFT efforts that competent authorities should be promoting to financial institutions.
Businesses abandoning banking services over slow due diligence processes
by Ben Poole
Could blockchain offer an answer?
Swedbank money laundering case: Bank accepts Clifford Chance report
by Ben Poole
The law firm was retained in 2019 to investigate the bank's AML work.
European Parliament challenges ECB over green policies
by Ben Poole
It calls for ECB policies to better reflect environmental and climate goals.
Half of all reported crime in UK is cyber crime or fraud
by Ben Poole
PIFMA's Financial Crime Conference found cyber crime and fraud figures are growing exponentially each year.