Anti-money laundering (AML) Stories - Page 2

Global Stories

Anti-money laundering (AML) stories

Detected flags US$10.4 billion SMB onboarding cost

Businesses dropping out of onboarding are driving most of the burden, with a new report putting North American SMB merchant checks at USD $10.4 billion a year.

By Sean Mitchell • 5 min read • Last month

Software-as-a-Service

Ripjar names new product & Marketing Chiefs as ARR rises

Annual recurring revenue at the screening software group climbed 40% as it bolsters leadership for a push into the US and other markets.

By Sofiah Nichole Salivio • 4 min read • Last month

Crypto

Fasset raises USD $68 million in Series C led by SBI

The valuation lifts Fasset into the ranks of privately held fintechs worth more than USD $1 billion as it expands cross-border settlement.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

Allure Security uncovers 2,200 phantom bank domains

Hundreds of users could be exposed to fake banking portals built from a low-cost template, as researchers linked 2,200 suspect domains.

By Sean Mitchell • 5 min read • Last month

Digital Transformation

Rain launches payments alliance for agentic commerce

Card networks and fintech groups are trying to set rules for AI-driven purchases before a projected USD $3 trillion market fragments.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

How poor watchlist data undermines sanctions screening accuracy

Poor-quality sanctions lists can swamp compliance teams with false alerts while letting real matches slip through, raising regulatory risk.

By Edmund Ng • 6 min read • Last month

Gaming

World Cup fraud shifts to verified accounts & withdrawals

Operators faced a 38% rise in suspicious withdrawals as World Cup fraud shifted from sign-ups to verified accounts, SEON said.

By Sean Mitchell • 4 min read • Last month

Stories from Other Regions

Anti-money laundering (AML) stories

Fintech

Revolut names Singapore advisory board to aid Asia push

The fintech group is adding local oversight as it seeks to build trust with regulators and expand in Singapore and across Asia.

By Karen Joy Bacudo • 4 min read • Last month

Software-as-a-Service

Commonwealth Bank launches PaidIt for complex payouts

With cheques disappearing, Australian firms face delays and unclaimed funds when payout details are missing or outdated, Commonwealth Bank said.

By Karen Joy Bacudo • 4 min read • Last month

Multi-factor authentication

Consumers may switch banks over authentication, says survey

Fraud controls are becoming a deal-breaker, with more than two in five consumers saying they could switch banks over authentication alone.

By Karen Joy Bacudo • 3 min read • Last month

Crypto

BitGo Korea wins VASP approval for institutional custody

South Korean institutions gain a locally registered custody option as the regulator clears BitGo Korea to serve them under strict compliance rules.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

Green Check expands compliance platform beyond cannabis

Banks and credit unions can now manage compliance for money services, gaming and other high-risk sectors in one system.

By Karen Joy Bacudo • 3 min read • Last month

Data Protection

National Hunter & NAFN stop GBP £6m Right to Buy fraud

Councils have blocked more than GBP £6 million in bogus housing buy deals after a data-sharing scheme widened to tackle wider public sector fraud.

By Sofiah Nichole Salivio • 5 min read • Last month

Fintech

Know your business (KYB) for UK firms

Relying on Companies House alone can leave UK firms exposed to hidden ownership, weak screening and regulatory scrutiny.

By Barley Laing • 5 min read • Last month

Fintech

Shinhan Asset Management eyes Korean won token fund offshore

The pilot will test whether Korean won fund interests can be distributed overseas without breaching local rules or investor controls.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

Bitazza Thailand completes Travel Rule setup with Sumsub

Thailand's digital asset firms face tighter anti-money laundering checks as the Securities and Exchange Commission prepares to enforce the Travel Rule.

By Karen Joy Bacudo • 4 min read • Last month