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UK financial services sector spending £22k per hour fighting fraud
UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest...
EBA launch EuReCA -a central database for AML and counter-terrorism financing
The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting...
AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds
Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs),...
BASIS ID unveils Entr, the breakthrough in technology and design to redefine digital KYC and AML service
BASIS ID, an innovative electronic identity verification company, providing KYC and AML solution, along with risk and fraud management services...
Beating financial crime: Commission overhauls anti-money laundering and terrorism rules
The European Commission has presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism...
Monzo in double trouble as it issues results warning and faces AML probe
Its safe to say Monzo is not having a good couple of weeks. On 30th July the company issued a...
Finding the right mix: AML for cryptocurrency payments
The global Financial Action Task Force (FATF) updated its guidance on how to manage anti-money laundering (AML) measures in cryptocurrency...
The European Commission takes Luxembourg to court over AML failings
The European Commission has taken Luxembourg to court, asking the European Court of Justice (ECJ) to impose penalties, on a...