ISO 20022: preparing for staggered implementation – Industry roundup: 16 June
by Graham Buck
Bank of England hikes rates by 0.25%; DHL sees continuing supply chain problems; Crypto concerns hit Three Arrow Capital; Cyber insurers hike rates
Terrorist Financing
Innovation to combat money laundering – Industry roundup: 31 May
by CTMfile
cybersecurity risks, instant payment collection solution, Effective anti-money laundering techniques, AI Innovation to combat money laundering.
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.
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
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: 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
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
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.
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.
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.
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.
US Treasury announces 2020 National Illicit Finance Strategy
by Ben Poole
Report identifies key illicit finance concerns for the US and establishes a roadmap to modernise the country's AML/CFT regime.
EBA consults on revised guidelines on money laundering and terrorist financing risk factors
by Ben Poole
The updated guidelines take into account changes to the EU AML and CTF legal framework.
US and UK lead 2019’s US$8.14bn AML fines
by Ben Poole
Research from Encompass shows that annual AML fines nearly doubled compared to the previous year.
DBS partners with Exiger to tackle evolving risks of financial crime
by Ben Poole
The bank plans to use an automated AI-powered solution to enhance customer screening processes.
Standard Chartered and Quantexa to tackle financial crime with contextual decision intelligence
by Ben Poole
The partnership provides the bank with a platform to conduct complex financial thematic investigations.