Tag: aml
Denmark launches new 2025 AML strategy
The Danish Ministry of Justice has established a new national strategy against money laundering and terrorism financing.
With plans to be finalised by 2025, the...
Ondato launches automated AML onboarding tool
Ondato has announced the release of Ondato Risk Scoring - its automated tool for companies to ensure safety during the onboarding process.
The solution combines...
FCA fines TJM £2M over financial crime system failures
The Financial Conduct Authority (FCA) has issued a £2,038,700 fine to TJM Partnership Limited for failing to ensure it had effective systems and controls...
Fraugster finds a total of £2.1bn AML fines for 2021
Releasing its Payment Intelligence Report 2022, Fraugster has reported that a total of £2.1bn in AML fines were handed out to over 80 institutions...
iDenfy unveils ‘Face Authentication’ offering
Digital identity firm iDenfy has announced that it's adding a new automated ID verification toolkit to its security solution arsenal.
The ‘Face Authentication’ service is...
Salv CEO Taavi Tamkivi: Detecting fraud ‘similar to puzzle pieces –...
Fighting against financial criminals requires extensive teamwork, intellectual machine learning and a new concept pivotal to AML firms, data exchanging within the private sector...
Sumsub: Most crypto firms rely on ID checks for AML compliance
Identity verification service provider Sumsub has stated that the crypto industry is increasingly looking into ID authentication softwares.
According to the firm, its “State of...
FIS set to improve merchants’ fraud detection
FIS has announced the launch of its ‘Guaranteed Payments’ solution that will help reduce false fraud detection rates.
Tailored for merchants, the latest FIS offering...
Report: Mitigating money laundering risks in the metaverse
As merchants and consumers prepare for the embracing of the metaverse as a new space for digital engagement and social interaction, Elliptic has highlighted...
Tipwin reported by Danish Gambling Authority over ‘significant AML failures’
Spillemyndigheden, Denmark’s Gambling Authority, has reported mobile betting platform Tipwin to the police over alleged breaches of the country’s Anti-Money Laundering act.
The gambling authority...
