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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.

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

Remittance companies have leveraged these technologies to enhance anti-money laundering (AML) controls, identifying high-risk users at the earliest stages and reducing both fraud rates and compliance costs. The post Beyond KYC: How Technology is Transforming the Fraud Prevention Game appeared first on Fintech Singapore.

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Slow Onboarding Drives Client Losses in Singapore’s Banks

Fintech News

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. On the other hand, those leveraging automation and AI can transform KYC and onboarding from mere compliance tasks into strategic advantages.

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dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

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.

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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.

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APAC Sees 23% Decline in Crypto Fraud

Fintech News

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to the 2024 Sumsub crypto survey, countries that have implemented this technology are seeing an average improvement of 3.6% in 2023 to 2% in 2024. in verification times.

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Top regulatory priorities for the payments sector

The Payments Association

Key actions for firms Invest in technology : Investing in secure APIs, data protection, and third-party integration is key to supporting open banking initiatives. Firms engaging with cryptoassets must already navigate UK financial promotions and anti-money laundering rules, with further oversight expected.