Tag: Anti-Money Laundering/AML
China imposes hefty fines on Ant Group and Tencent as it looks to normalise supervision
China's central bank, the People's Bank of China (PBOC), has imposed hefty fines on Ant Group and Tencent, along with other fintech companies, as...
Britcoin privacy preserved as Bank of England taps Nuggets for identity layer
The Bank of England is collaborating with Nuggets, a decentralised identity and payment platform, to design a privacy-preserving identity layer for a potential digital...
Google Cloud launches AI-powered AML offering for financial institutions
Google Cloud has launched a new tool called Anti-Money Laundering AI (AML AI), which uses artificial intelligence to help financial institutions detect money laundering....
Dudley Building Society taps Jade ThirdEye for transaction monitoring solution
The Dudley Building Society in the UK has partnered with Jade ThirdEye to enhance its ability to detect and prevent money laundering and financial...
Bank of Valletta taps Resistant AI for fraud prevention solution
Bank of Valletta, Malta's largest bank, has partnered with Resistant AI, a financial crime prevention fintech, to strengthen its anti-money laundering controls. They will...
IOUpay goes into voluntary administration over suspected fraud
IOUpay, a Southeast Asian fintech company, has placed its parent company into voluntary administration with PwC Australia due to a significant fraud discovery. The...