Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Eventus has debuted an anti-money laundering (AML) platform for traditional finance and digital asset companies. The Austin-based company, which provides transaction monitoring and market risk...
As European regulators crack down on unlicensed crypto exchanges, gaining approval is proving challenging. Last week, for instance, De Nederlandsche Bank (DNB), the Dutch central...
Automated fraud-fighting systems have proven successful, although data suggests that firms planning in-house solutions may encounter unexpected headaches. The B2B Payments Fraud Problem One of the...
Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. The Munich company announced the Series B on Thursday (Jan. 26), saying...
“If the FinTech ‘revolution,’ post-financial crisis, is in its early innings, then embedded finance is in its first inning.” Matthew Valente, head of product strategy at...
Sandbar says it has raised $4.8 million to enhance its financial crime detection software. The funding, announced by the New York FinTech Tuesday (Jan. 24),...
As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” The tit-for-tat between bad actors chasing after bank deposits has evolved...
Penalties for failing to stop financial crimes jumped by more than 50% last year. That’s according to a Thursday (Jan. 19) report by the Financial...
Cryptocurrency exchange Bitzlato has had assets seized and its founder arrested in the United States. Anatoly Legkodymov, a Russian national who resides in China and...