MIAMI--(BUSINESS WIRE)--Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, today published its Complete Guide to Transaction Monitoring to ...

According to the 2023 Public Edition of the Basel AML Index, the average global money laundering (ML) and terrorist financing (TF) risk level increased from 5.25 in 2022 to 5.31 in 2023, where 10 is ...

Paris-based fintech adopts ThetaRay’s AI-powered AML transaction monitoring and customer screening solution to boost the onboarding process PARIS & NEW YORK & TEL AVIV--(BUSINESS WIRE)--Sylq, the ...

The DOJ and FinCEN reached resolutions with Paxful, a US-based virtual currency trading platform, over Bank Secrecy Act and AML ...

Crypto exchange Coinbase has agreed to settle with the Central Bank of Ireland and pay a hefty fine over failures in its anti-money laundering transaction monitoring systems. “Coinbase Europe Limited ...

Switching from a legacy Anti-Money Laundering (AML) transaction monitoring system to a modern platform is a complex project that requires careful planning. Below are key best practices to ensure a ...

Manually evaluating transaction monitoring models is slow and error-prone, with mistakes resulting in potentially large fines. To avoid this, banks are increasingly turning to automated machine ...

Sumsub announced the release of its commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting. The study aims to examine the potential return on investment (ROI) enterprises may ...

Ahead of the launch of a new virtual classroom workshop, the International Compliance Association offers a look at transaction monitoring: what it is, what risks to look out for, and what can be ...

Transaction monitoring is not working as it should, according to the Centre for Financial Crime and Security Studies (CFCS), which highlights cost as a main concern. Matthew Redhead, associate fellow ...