Anti-Money Laundering

Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
January 29, 2023  |  Cryptocurrency

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...

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FCA Fines Al Rayan and Guaranty Trust Banks For AML Failures
FCA Fines Al Rayan and Guaranty Trust Banks For AML Failures
January 11, 2023  |  Security & Fraud

The FCA has fined Al Rayan and Guaranty Trust banks over anti-money laundering (AML) failures. In the first penalty, announced by the U.K.’s Financial Conduct Authority on...

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European Banks Pay for Anti-Money Laundering Failures
European Banks Pay for Anti-Money Laundering Failures
December 15, 2022  |  AML

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...

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Backlog Forces Resignation of Germany’s Anti-Money Laundering Head
Backlog Forces Resignation of Germany’s Anti-Money Laundering Head
December 15, 2022  |  AML

The leader of German’s anti-money laundering office has reportedly resigned. Christof Schulte, who had overseen Germany’s Financial Intelligence Unit (FIU) since 2018, stepped down Thursday...

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Alpian Selects Napier Continuum for Compliance Platform 
Alpian Selects Napier Continuum for Compliance Platform 
December 07, 2022  |  Security & Fraud

The Swiss digital bank Alpian will use the Napier Continuum financial crime compliance platform. The developer of the platform, Napier, announced the partnership in a...

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Featurespace Looks to Tackle $2T Money Laundering Wave
Featurespace Looks to Tackle $2T Money Laundering Wave
November 22, 2022  |  Artificial Intelligence

Anticipating a wave of fraud tied to a global recession in 2023, financial crime prevention firm Featurespace says it is building an artificial intelligence (AI)...

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New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
November 20, 2022  |  AML

In the latest changes to the European Union’s (EU) anti-money laundering (AML) framework, the European Commission (EC) is finalizing the details of a package of...

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Lagarde: ‘Low-Value, Low-Risk’ Digital Euro Payments Could Be Anonymous
Lagarde: ‘Low-Value, Low-Risk’ Digital Euro Payments Could Be Anonymous
November 14, 2022  |  CBDC

In a video address as part of a high-level conference on the digital euro earlier this month, the president of the European Central Bank (ECB),...

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Crypto Compliance Can Be Easier Than Regulatory Clarity
Crypto Compliance Can Be Easier Than Regulatory Clarity
November 10, 2022  |  Regulation

When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it...

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