Finextra

OCTOBER 10, 2024

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

Money Laundering 116

Money Laundering Laws 116

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 110

Money Laundering Law Enforcement AML Non-Bank 110

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 114

Money Laundering Crime Risk Law Enforcement 114

Finextra

MAY 21, 2024

million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on. German regulator BaFin has fined N26 €9.2

Money Laundering 126

Money Laundering Caps Regulations 126

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

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 110

Money Laundering Risk Crime Law Enforcement 110

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

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 121

Money Laundering Due Diligence AML Financial Crimes 121

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

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 132

Stablecoins Money Laundering Cryptocurrency Payments 132

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

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

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

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 74

Real Time Payments Faster Payments Transactions Money Laundering 74

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 115

Blocks Money Laundering Scams Regulations 115

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

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

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

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 93

APACS Verification Fraud Detection Money Laundering 93

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 Government Governance 160

Fintech News

APRIL 21, 2025

Source: Circle Payments Network Whitepaper Financial institutions participating in the network must meet eligibility criteria including licensing, compliance with anti-money laundering regulations, financial risk management, and cybersecurity standards.

Cross-Border Settlement 101

Cross-Border Settlement Cross-Border Settlement Stablecoins 101

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 114

FinTech Cross-Border Payments Cross-Border Money Laundering 114

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

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

Fintech News

MARCH 12, 2025

The LOI focuses on capacity building in digital asset regulation, anti-money laundering (AML) and counter-terrorism financing (CTF) measures, and cross-border capital market connectivity.

Finance 91

Finance Money Laundering Cross-Border Agreements 91

Bank Automation

MAY 22, 2025

Toronto-Dominion Bank said it will cut about 2% of its workforce as part of a restructuring program begun in the second quarter following its historic anti-money laundering settlement.

Money Laundering 52

Money Laundering Settlement Automation Posting 52

The Payments Association

MAY 28, 2025

With financial institutions increasingly under pressure to meet stringent anti-money laundering (AML) and counter-terrorist financing (CTF) requirements, the launch of OpusDatums WTR Knowledge Hub is timely and essential.

Compliance 88

Compliance Wire Transfer Wires Wire 88

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

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

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

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 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