Tag: AML
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Lloyds to face AML controls investigation
Lloyds Banking Group is set to face an investigation into its anti-money laundering (AML) controls following alleged breaches. The Financial Conduct Authority (FCA) and the Serious Fraud Office (SFO) are reportedly looking into the bank’s AML procedures and controls after concerns were raised about potential gaps in its compliance. AML regulations are in place to…
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PayPal registers with FIU under AML law
PayPal, one of the world’s largest online payment processors, has taken a significant step towards compliance with anti-money laundering (AML) regulations by registering with the Financial Intelligence Unit (FIU). Under the AML law, financial institutions and payment processors are required to implement strict measures to prevent money laundering and terrorist financing. By registering with the…
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OneID is fully certified for KYC and AML use cases
OneID is proud to announce that it has successfully obtained all necessary certifications for Know Your Customer (KYC) and Anti-Money Laundering (AML) use cases. As the digital world continues to evolve, ensuring the authenticity and security of user identities has become crucial for businesses operating online. KYC and AML regulations are designed to combat identity…
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OTTO Payments selects HAWK:AI for AML
OTTO Payments, a leading global payment solutions provider, has announced its strategic partnership with HAWK:AI, an innovative technology company specializing in Anti-Money Laundering (AML) solutions. Money laundering has become a pervasive issue in the financial industry, leading to increased regulatory compliance requirements. Recognizing the need for advanced AML technology, OTTO Payments has chosen HAWK:AI to…
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Viena Saskaita partners with AMLYZE to prevent money laundering
Viena Saskaita, a leading online banking service provider, has announced a strategic partnership with AMLYZE, a prominent provider of anti-money laundering (AML) software solutions. This partnership aims to reinforce the efforts against money laundering and to ensure that Viena Saskaita’s digital financial services remain secure and trustworthy for its customers. Money laundering is a significant…
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Sumsub partners with Merkle Science
Sumsub, a leading provider of identity verification and compliance solutions, has announced a strategic partnership with Merkle Science, a blockchain analytics company. This collaboration aims to enhance the security and reliability of Sumsub’s services by integrating Merkle Science’s forensic risk monitoring tools. Merkle Science specializes in tracking and analyzing blockchain transactions to identify risks…
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FATF advances efforts to counter AML and terrorist financing
FATF Advances Efforts to Counter AML and Terrorist Financing The Financial Action Task Force (FATF) continues to make significant strides in countering money laundering (AML) and terrorist financing (TF) with its global initiatives. Established in 1989, the FATF is an intergovernmental organization that aims to set international standards and promote the implementation of legal,…
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AML RightSource offers TMS selection and integration support
Managing financial transactions, especially for large organizations, can be a complex and challenging process. This is where a comprehensive and effective Transaction Monitoring System (TMS) comes into play. AML RightSource, a leading provider of Anti-Money Laundering (AML) solutions, understands the importance of having a robust TMS and offers their expertise in selecting and integrating the…
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AMLYZE partners with Shufti Pro to augment AML services
AMLYZE, a leading provider of Anti-Money Laundering (AML) solutions, has announced a strategic partnership with Shufti Pro, a renowned global identity verification service. This collaboration aims to enhance AML services by combining AMLyze’s expertise with Shufti Pro’s cutting-edge technology. As the regulatory landscape continues to evolve, businesses face increasing challenges in preventing money laundering and…
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Savy partners with AMLYZE to leverage its AML solutions
Date: April 15, 2022 Savy, a leading financial technology company, is thrilled to announce its partnership with AMLYZE, a renowned provider of robust anti-money laundering (AML) solutions. This collaboration will allow Savy to enhance its security measures and ensure compliance with global AML regulations. Streamlining AML Processes with AMLYZE With the increasing challenges and complexities…
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Shufti Pro partners with Newton Global
Introduction Shufti Pro, a leading provider of identity verification and KYC solutions, is delighted to announce its partnership with Newton Global, a prominent financial service provider. About Shufti Pro Shufti Pro offers state-of-the-art AI-powered identity verification solutions that help businesses streamline their customer authentication process. With Shufti Pro, businesses can effortlessly verify the identity…