Banking
Binance CEO exits after pleading guilty to money laundering charges
Binance Guilty Plea:Binance Holdings, operating Binance.com, pleads guilty to US federal charges: anti-money laundering (AML), unlicensed money transmitting, and sanctions violations.
Founder...
Banking
Blue Ridge Bank set to trim BaaS fintech partnerships down to a “limited number”
Blue Ridge Bank, founded in 1893 in Virginia, is a community bank operating in the mid-Atlantic states.
The bank plans to reduce its...
AI
ICYMI fintech funding round-up: Refine Intelligence, Apiture, Solvimon and more
Refine Intelligence:Raised $13 million in seed funding.
Uses AI to scan AML alerts, reducing investigation time.
Plans expansion in North America, Europe,...
AI
Lynx raises £15m Series A funding to fight fraud and financial crime
Funding News: Fintech firm Lynx secures £15 million in Series A funding.
Investors: Funding round led by Forgepoint Capital, with participation from Banco Santander.
Technology...
Banking
FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues
Metro Bank's Situation: The bank is on the Financial Conduct Authority's (FCA) financial crime watchlist, confirmed on June 6.
Reasons for Listing: The FCA's action...
AI
Saudi Awwal Bank taps Mastercard to fight financial crime with AI
Partnership Expansion: Saudi Awwal Bank (SAB) expands partnership with Mastercard to enhance its financial risk assessment using AI.
Technology Adoption: SAB is adopting...
Banking
Global enforcement fines rise to $5.65bn in Q3 2023
Global enforcement fines rose to $5.65 billion in Q3 2023, marking a 30% increase from the year's start.
Q1 and Q2 fines were...
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