article thumbnail

Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

Evolving money laundering risks for EMIs: Insights from the upcoming NRA 18 July 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The UK 2025 National Risk Assessment’s decision to reclassify e-money institutions (EMIs) as high risk for money laundering and terrorist financing.

article thumbnail

Hawk Raises $56 Million in Series C Funding to Help Banks Fight Financial Crime

Finovate

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top regulatory priorities for the payments sector

The Payments Association

The FCA is introducing phased safeguarding rules, with interim measures strengthening existing regulations and final requirements aligning with the Client Assets (CASS) framework. The FCAs consultation closed in December 2024, with final rules expected in mid-2025. The regulatory landscape for stablecoins is set for significant change.

article thumbnail

Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

These rules also apply to individuals, partnerships, and Singapore-incorporated companies that provide digital token services outside Singapore but are based in or registered in Singapore. This makes them especially vulnerable to being used for money laundering or terrorism financing.

article thumbnail

No New AI Rules Needed, Just Better Guidance, Says Innovate Finance

The Fintech Times

Common use cases include fraud detection, anti-money laundering, cybersecurity and back-office automation. Rather than calling for new rules, the paper supports the Financial Conduct Authority ’s current approach of applying existing frameworks such as the Consumer Duty.

Rules 59
article thumbnail

Spayce Partners with ThetaRay to Tackle Financial Crime with Advanced AI

Trade Credit & Liquidity Management

The collaboration was unveiled at Money 20/20 and comes at a time when financial crime is becoming more sophisticated, with criminal networks operating with the complexity of multinational corporations.

article thumbnail

What Singapore’s SGD $3B Controversy Reveals About Compliance Failures

Fintech News

“A compliance policy is only as strong as the infrastructure that delivers it” That’s how Baran Ozkan, Co-Founder and CEO of Flagright, summed up the latest anti-money laundering (AML) storm that hit Singapore. The Rules Exist, but Why Does It Still Fail? Source of Wealth (SOW) checks were inconsistent.