Compliance
ComplyAdvantage scores $20 million top-up from Goldman Sachs
AI-based financial crime detection startup ComplyAdvantage has extended its Series C round to $70 million, with a $20 million top-up from Goldman Sachs.
Gemini chooses ComplyAdvantage AML tech
Source: ComplyAdvantage
Today, ComplyAdvantage, a global data technology company transforming financial crime detection announced that Gemini, a leading crypto exchange and custodian selected ComplyAdvantage’s hyperscale platform for anti-money laundering risk management.
IHS Markit acquires RegTech vendor Cappitech
Source: IHS Markit
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it has acquired compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.
FCA turns the screws on compliance in work-from-home environment
The Financial Conduct Authority has warned banks that they must now provide the same standard of surveillance of staff working from home as they would in an office environment.
Nice Actimize tool to cut compliance risk for wealth management and insurance firms
Source: Nice Actimize
Financial services organizations that provide investment advice, and which sell life insurance, annuities and other wealth products, are finding that regulators are escalating how closely they monitor advisor behaviour.
HSBC signs for Silent Eight compliance tech
HSBC has inked a multi-year deal with Silent Eight, recruiting the regtech startup in its efforts to fight financial crime.
Ransomware victims who pay up could face fines of up to $20m
Companies traumatised by ransomware could face fines of up to $20 million if they pony up to extortionists already listed on financial crime sanctions lists, the US Treasury Department has warned.
Kyckr and BAE Systems partner on KYC
Source: Kyckr
Kyckr Limited (ASX:KYK) (Kyckr or the Company), a B2B information services company is pleased to announce its partnership with BAE Systems Applied Intelligence, a proven enterprise solution provider of advanced analytics, to jointly address anti-money laundering and compliance challenges of regulated firms by delivering accurate and efficient know-your-customer (KYC) and customer due diligence (CDD) solutions.
Covid-19 changes compliance priorities
The Covid-19 pandemic has proved a challenge for financial industry compliance staffers who have had to adjust monitoring and alert coverage to adapt to the remote work transition during extreme market volatility, according to a Nasdaq survey.
US money transfer firms hail multi-state compliance initiative
Money transmitters operating in 40 or more US states are set to benefit from a new multi-state compliance programme, enabling them to more easily extend their business across state lines.
Card firms trampling all over US interchange reforms
Source: CMSPi
Nearly a decade after federal regulators forced U.S. banks to lower fees charged to process debit card transactions, much of the savings has been eroded and the United States has not kept up with other countries’ work to bring rising debit and credit card fees under control, according to a report released today by global payments consulting firm CMSPI.
SWIFT Community Update: Focus on financial crime compliance
Tackling financial crime, and ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations remains one of the biggest overall challenges for the financial services community.
Shield integrates compliance tech with Zoom
Source: Shield Compliance
Specialist RegTech provider Shield is pleased to announce the integration of its complete eComms compliance and Surveillance platform with popular audiovisual collaboration platform Zoom.