Tagged: aml

November 16, 2025 @ 9:49 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is assisting regulated businesses with the introduction of new AML Compliance Solutions designed to lessen the burden of AML (anti-money laundering) regulatory compliance for FS firms and related industries by flagging potential associations between “a prospect and activities that may indicate potential… Read More

November 2, 2025 @ 2:44 pm By Omar Faridi  |  

Binance founder and former CEO of the crypto exchange, Changpeng “CZ” Zhao is considering a lawsuit against US Senator Elizabeth Warren for alleged defamation, potentially further escalating an argument that was made following the crypto billionaire’s residential pardon. The development has surfaced after the Massachusetts… Read More

October 6, 2025 @ 3:01 am By Omar Faridi  |  

Total spending on third-party AML systems is projected increase by significant 121% by 2030, according to an update from the team at Juniper Research. This latest estimated figure would be up considerably from $33.9 billion this year. As stated in the report, gaps in transaction… Read More

September 10, 2025 @ 9:33 pm By Omar Faridi  |  

Experian, a global firm focused on providing insightful data and technology, has introduced solutions aimed at addressing critical challenges in financial crime prevention and housing accessibility. These initiatives, announced recently, underscore Experian’s commitment to leveraging advanced technology and data analytics to support financial institutions and… Read More

September 4, 2025 @ 8:58 am By Omar Faridi  |  

Jumio, the enabler of AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights, released findings from its 2025 Online Identity Study. As students head back to school and engage “with more digital platforms than ever, new data spotlights a pivotal shift: today’s most… Read More

September 2, 2025 @ 7:38 pm By Omar Faridi  |  

Blockchain security firm SlowMist has announced that its proprietary anti-money laundering (AML) tracking system, MistTrack, has been selected for the Hong Kong Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme. This acknowledgement underscores MistTrack’s approach and practical value in combating financial crime within the rapidly… Read More

September 1, 2025 @ 8:52 pm By Omar Faridi  |  

Blockchain security firm SlowMist, established during the extended crypto bear market of 2018, continues to focus on setting standards in safeguarding the Web3 ecosystem. Through various partnerships, proper threat detection, as well as more comprehensive compliance initiatives, SlowMist is focused on addressing the challenges of… Read More

August 31, 2025 @ 3:26 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) unveiled a Money Laundering National Risk Assessment (NRA) resource, designed to enable countries to strengthen their risk-based strategies in combating financial crime. This resource marks a step forward in the global effort to safeguard financial systems from money laundering,… Read More

August 29, 2025 @ 11:31 am By Omar Faridi  |  

The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period last year, “with digital assets firms increasingly in the crosshairs,” new figures shared / compiled by Regtech Fenergo have revealed. The findings come as… Read More

August 26, 2025 @ 11:16 pm By Omar Faridi  |  

The Australian Transaction Reports and Analysis Centre (Austrac) has taken decisive action against Binance, the world’s largest cryptocurrency exchange in terms of trading volume and scope of operations, by ordering its Australian operations to undergo an external audit. The directive stems from what Austrac describes… Read More

August 26, 2025 @ 2:12 pm By Omar Faridi  |  

European digital bank bunq has been slapped with a €2.6 million penalty by the Dutch Central Bank (DNB) for substantial shortcomings in its anti-money laundering (AML) and counter-terrorism financing (CTF) measures. The fine, announced recently, underscores the growing regulatory scrutiny faced by challenger banks as… Read More

August 19, 2025 @ 8:31 am By Omar Faridi  |  

The rise of crypto-assets, particularly those on permissionless public blockchains, has posed significant challenges for anti-money laundering (AML) compliance. Traditional AML frameworks, which rely heavily on trusted intermediaries like banks to monitor and report suspicious activities, struggle to adapt to the decentralized nature of blockchain… Read More

July 21, 2025 @ 8:13 pm By Omar Faridi  |  

Since its inception in 2018, SlowMist has emerged as a global enabler of blockchain security, leveraging cybersecurity expertise to protect the digital assets ecosystem. In a recent announcement, SlowMist unveiled its Stablecoin Risk Management and AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism) Compliance Security Framework,… Read More

July 12, 2025 @ 9:11 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) welcomes the publication of the European Securities and Markets Authority (ESMA) Peer Review on Crypto-Asset Service Provider (CASP) Authorisation and Supervision, which confirms that overall, the MFSA is largely meeting expectations “with respect to the practical implementation of the… Read More

July 8, 2025 @ 12:55 am By Omar Faridi  |  

Sumsub announced the release of its commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting. The study aims to examine the potential return on investment (ROI) enterprises may achieve by using Sumsub’s Anti-Money Laundering (AML) Transaction Monitoring. While a report like this is self-promoting,… Read More

May 23, 2025 @ 12:39 pm By Omar Faridi  |  

Azentio Software, a technology enabler in the BFSI space, announces the launch of its Amlock anti-money laundering (AML) platform, bringing capabilities to financial institutions in the fight against financial crime. Enabled by advanced AI and machine learning, Amlock is “designed to significantly improve detection accuracy,… Read More

May 20, 2025 @ 6:52 pm By JD Alois  |  

The US Department of Justice is investigating the recent insider hack of Coinbase (NASDAQ:COIN), according to Bloomberg. Coinbase is said to have brought the breach to the authorities’ attention, but the company itself is not under investigation. Paul Grewal, Coinbase’s Chief Legal Officer, highlighted this fact… Read More

May 15, 2025 @ 1:49 pm By Omar Faridi  |  

Fincom, a firm focused on anti-money laundering (AML) Sanction Screening and Entity Resolution technology, announced the successful completion of its Series B funding round, securing an investment led by Nasdaq Ventures, with participation from Macquarie Group, G1 Ventures, and existing investors including AnD Ventures and… Read More

May 9, 2025 @ 5:51 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-native financial crime prevention,  released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI… Read More

April 28, 2025 @ 7:24 am By Tony Zerucha  |  

Trulioo, a personal and business verification platform, has announced its partnership with PingPong, a provider of cross-border embedded payment solutions. PingPong selected Trulioo Business Verification and Watchlist Screening to minimize manual onboarding and deliver compliant payment experiences worldwide. PingPong said it holds more than 60 financial licenses and adheres to strict regulatory standards… Read More