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Napier creates new Centre of Excellence in Kuala Lumpur

Napier, the London-based intelligent compliance technology company, is pleased to announce the establishment of a centre of excellence in Kuala Lumpur, as part of its continued investment in the Asia Pacific (APAC) region.

/crime

ADGM slaps $486K penalty on Pypl for AML violations

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has imposed a financial penalty of USD 486,000 (AED 1,784,835) on Pyypl Ltd (Pyypl), a licensed money service provider operating in ADGM, because, during the period from March 2021 to November 2022, Pyypl’s compliance with applicable Anti-Money Laundering (AML) requirements was inadequate and it acted outside the scope of its Financial Services Permission.

/crime

UK Fintech Gemba chooses ThetaRay for its AML programme

Gemba Finance, a leading provider of innovative banking and financial management solutions, and ThetaRay, the leader in next-generation AI-powered trusted global payments, announced today the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, to power Gemba’s growth, while reducing regulatory exposure which frequently hampers growth at financial institutions.

/crime

TangoPay selects ThetaRay to monitor payments transactions

TangoPay an Authorized Payment Institution based in the UK, and ThetaRay, the leader in next-generation AI-powered secure global payments, today announced they will collaborate to protect TangoPay’s global payments platform from financial crimes as the UK-based business grows.

/crime

Deutsche Bank subsidiary DWS to pay $25 million penalty for AML and ESG violations

The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its Environmental, Social, and Governance (ESG) investment process.

/crime

GoTyme Bank completes integration of NICE Actimize fincrime solution

NICE Actimize, a NICE (Nasdaq: NICE) business, announced that it has finalized the implementation of its financial crime solutions with GoTyme Bank, a partnership between the Gokongwei Group and Singapore-based digital banking group Tyme. The implementation supports GoTyme’s recently launched cloud-only bank that combines easy account opening with a personalized debit card released through kiosks located in shopping malls throughout the Philippines. NICE Actimize’s advanced AI and analytics solutions will provide support in financial crime fraud prevention, which aligns with the bank’s customer service and growth strategy.

/crime

Capgemini to acquire FCC Division of Exiger

Capgemini announces that it has signed an agreement for the acquisition of the Financial Crime Compliance (FCC) division of Exiger, a global market leading financial crime practice.

/crime

Helix brings KYC processing to DeFi derivatives trading

Helix, the premier decentralized orderbook exchange built on Injective, today announces the launch of Helix Institutional, enabling the trading of DeFi derivatives products in a permissioned, KYC-enabled environment.

/crime

SEC charges Archipelago with record-keeping violations

The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020.

/crime

Tornado Cash founders charged with money laundering and sanctions violations

A Russian national and a Washington man were charged today with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money transmitting business.

/crime

PSR launches consultations ahead of incoming APP fraud rules

The Payment Systems Regulator (PSR) has launched two consultations in the lead up to the implementation of its new authorised push payment (APP) fraud reimbursement requirements.

/crime

FinMont partners with Chargebacks911

Global payment orchestration platform, FinMont, has announced a new partnership with leading chargeback management company Chargebacks911. The alliance will amplify FinMont’s unique global payment ecosystem and offer travel merchants a comprehensive chargeback management plan with enhanced data analysis, increased profits, and greater revenue.

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