FCA continues clampdown on unregistered crypto ATMs in Exeter, Nottingham and Sheffield
The regulator says it will review the evidence gathered and consider taking further action where necessary.
The regulator says it will review the evidence gathered and consider taking further action where necessary.
Mastercard Crypto Credential defines verification standards, instilling “critical” trust in blockchain tech.
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
With the acquisition, Smile Identity aims to expand its reach across Ghana and francophone Africa.
Fenergo says the new hires will play a “pivotal role” in driving its global expansion and SaaS strategy.
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
The NECC estimates “hundreds of millions” of pounds are laundered annually using cash deposits at the Post Office.
Radicant will deploy NetGuardians’ AI-led software to enhance payment protection.
Leek Building Society will use Jade ThirdEye’s Customer Screening and Transaction Monitoring SaaS solution.
At Visa, Yu led teams across the business, including business development, sales, finance, and operations.
Tynan has served on the firm’s board since August 2021 and has previously held roles at BofA and Citigroup.
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
The company will use the new capital to expand its global presence and hire more engineering staff.
Under the new rules, cryptoasset transfers will have to include information on their source and beneficiary.
Finch Capital increased its stake in the company after having led Fourthline’s previous funding round.
Onfido’s solution allows The Co-operative to meet regulatory requirements and customer preferences.
The start-up has been self-funded by its co-founders, with $20 million in capital.
OKX sees “immense potential” in Hong Kong and is committed to building out the local ecosystem.
Therese Chambers and Steve Smart will work as joint executive directors of enforcement and market oversight.
A Fortune 500 firm applies open-source intelligence capabilities in its global corporate security operations centre.
It says many firms present “an unacceptable risk of harm” to their customers.
Cable says its tech will help Griffin “monitor, identify, and address financial crime control risks”.
The Series A funding brings the total capital raised by the firm to €28 million.
Eastnets is one of the first Swift bureaus to migrate its full infrastructure for the Americas to the cloud.
Mastercard intends to fold Baffin Bay’s automated Threat Protection tech into a global “cyber service”.
The law enforcement agencies seized seven terabytes worth of data, consisting of 1909.4 BTC.
The group will be co-chaired by representatives from the banking sector as well as from fintech firm MonetaGo.
The unicorn’s latest push in Rwanda follows its bid to expand across East Africa.
ThetaRay’s Sonar will help Noda stay up to date with shifting compliance regulations.
Anning joins ComplyAdvantage from GoCardless where he was vice president of data.
Truzo says it will close its next round of funding in Q2 2023.
Targeting the $650bn market: Car IQ enables vehicles to transact securely with merchants and service providers.
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
With Confirmation of Payee, Allica customers will be protected from fraud and misdirected payments.
Quantifind’s SaaS solutions help banks and financial institutions tackle money laundering and fraud.
Through the partnership, ThetaRay will provide Tudi its Sonar transaction monitoring solution.
Banks should look to use technology to not only curb financial crime but to gain a competitive advantage.
A handy round-up of this week’s fintech funding news from across the world.