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.

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.

Source: Nice Actimize

NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that two new X-Sight Marketplace partners are offering a range of free tools and services designed to boost operational efficiency of AML investigations during the onslaught of COVID-19 related demands.

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.

Source: Verint

Verint Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company, and Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, have joined forces to provide the financial services market with a fully compliant, cloud-enabled communications solution to support traders both on the trading floor and remotely, providing necessary flexibility as the industry continues to move to cloud-based platforms and work-from-home environments during and beyond the COVID-19 pandemic.

Source: Finoglee

Finologee, the Luxembourg FinTech platform operator, and Harmoney, the KYC solutions provider from Ghent (Belgium) today announced the launch of their joint venture under the name KYC Manager.

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.

Deutsche Bank has agreed to pay $150 million to settle a New York state regulator investigation into "significant" compliance failures in its relationship with convicted sex offender Jeffrey Epstein, as well as with two other banks.

Evalueserve, a global leader in analytics consulting, today announced a partnership with Encompass, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions.

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.

Source: Ping Identity

Ping Identity, the Intelligent Identity solution for the enterprise, today announced the release of its Australian Consumer Data Right (CDR) sandbox environment to allow banks and FinTech companies to jumpstart their CDR compliance efforts.

Compliance outfit SteelEye is offering financial institutions a free 90-day trial of surveiilance tech capable of monitoring staff communications as they shift in and out of the office during the easing of lockdown restrictions.