Banking
SmartSearch to Acquire Credas for £77.8 Million in Major RegTech Consolidation
SmartSearch strengthens its position in the RegTech sector with a £77.8 million acquisition of Credas, combining advanced ID verification and compliance technology for enhanced...
FinTech
Dutch Central Bank Fines Bunq for AML Shortcomings
Understanding the Implications of Non-Compliance in the Financial SectorHighlights: Bunq was fined by the Dutch Central Bank due to deficiencies in its anti-money laundering...
FinTech
Australia Orders Binance Audit Over AML Concerns
Regulatory Scrutiny Intensifies Amid Ongoing Compliance ChallengesHighlights: Australian authorities have mandated an audit for Binance due to anti-money laundering (AML) concerns.The regulatory action reflects...
FinTech
Paxos Settles New York AML Failures with $485 Million Agreement
A Landmark Settlement That Impacts the Crypto Regulatory LandscapeHighlights: Paxos has agreed to a $485 million settlement over AML compliance issues related to Binance.The...
FinTech
Monzo Fined £2.1 Million for AML Compliance Failures
A Closer Look at Monzo's Regulatory Setback and Its Implications for Banking ComplianceHighlights: Monzo was fined £2.1 million for failing to comply with anti-money...
FinTech
Block to Pay $40M Penalty for AML Failures
Major Financial Setback: Exploring the Implications of Block's Compliance ShortcomingsHighlights: Block has been fined $40 million due to inadequate anti-money laundering (AML) practices.The penalty...
FinTech
Revolut Faces $35 Million Fine from Lithuanian Central Bank for AML Failings
A Comprehensive Overview of Revolut's Regulatory Challenges and Their Implications for Financial ComplianceHighlights: Revolut has been fined $35 million by the Lithuanian Central Bank...
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