Tagged: transaction monitoring

UK’s FCA Fines HSBC Bank plc £63.9M for “Deficient” Transaction Monitoring Controls

December 20, 2021 @ 11:40 pm By Omar Faridi |

The UK’s Financial Conduct Authority (FCA) has fined HSBC Bank plc £63,946,800 for “failings in its anti-money laundering processes.” As noted in an update from the FCA, HSBC used automated processes to “monitor hundreds of millions of transactions a month to identify possible financial crime.”… Read More

Read more in: Global, Politics, Legal & Regulation | Tagged aml, anti money laundering, digital transactions, europe, fca, financial conduct authority, hsbc, mark steward, transaction monitoring, uk, united kingdom

US SEC Awards Contract to CipherTrace because it’s the “Only Known” Blockchain Forensics Tool that can Track Binance Chain Transactions

July 31, 2020 @ 7:33 am By Omar Faridi |

The US Securities and Exchange Commission (SEC) revealed on July 29, 2020 that it’s planning to award a single-source contract to blockchain security firm CipherTrace, a Menlo Park, California based business that recently introduced real-time predictive risk scoring for cryptocurrencies. The SEC said that CipherTrace… Read More

Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged aml, anti money laundering, binance, binance chain, binance coin, bnb, ciphertrace, crypto trading, crypto-assets, dave jevans, digital assets, distributed ledger technology, dlt, financial crime, money laundering, sec, securities and exchange commission, transaction monitoring

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