FATF

ComplyAdvantage Partners with Elliptic for Blockchain Analysis and Transaction Monitoring

Tuesday, October 26, 2021 - 6:00am

ComplyAdvantage , a global data technology company transforming financial crime detection, and Elliptic , the global leader in cryptoasset risk management solutions, today announced a new blockchain analysis and transaction monitoring tool that will help crypto firms detect and avoid financial crime.

Key Points: 
  • ComplyAdvantage , a global data technology company transforming financial crime detection, and Elliptic , the global leader in cryptoasset risk management solutions, today announced a new blockchain analysis and transaction monitoring tool that will help crypto firms detect and avoid financial crime.
  • View the full release here: https://www.businesswire.com/news/home/20211025005582/en/
    The industry-first solution is powered by Elliptic Navigator, a crypto anti-money laundering (AML) monitoring platform.
  • "By working with Elliptic we now offer a more comprehensive blockchain analysis transaction monitoring solution for our rapidly growing base of crypto customers, said Charlie Delingpole, founder and CEO of ComplyAdvantage.
  • Data is key to preventing financial crime and our hyperscale approach to risk management is enhanced through valuable partners like Elliptic.

Sanne delighted that Mauritius has exited the FATF grey list

Thursday, October 21, 2021 - 5:30pm

We are pleased to announce that the FATF has congratulated Mauritius for the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF.

Key Points: 
  • We are pleased to announce that the FATF has congratulated Mauritius for the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF.
  • Mauritius was initially included on the FATF grey list in February 2020 as a result of strategic deficiencies identified by the FATF in its AML/CFT regime.
  • This announcement already pre-empted the exit of Mauritius from the grey list subject to an on-site assessment by FATF delegates in September 2021.
  • "This is a proud moment for our country considering the economic impact suffered by Mauritius whilst on the grey list.

Sanne delighted that Mauritius has exited the FATF grey list

Thursday, October 21, 2021 - 5:30pm

We are pleased to announce that the FATF has congratulated Mauritius for the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF.

Key Points: 
  • We are pleased to announce that the FATF has congratulated Mauritius for the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF.
  • Mauritius was initially included on the FATF grey list in February 2020 as a result of strategic deficiencies identified by the FATF in its AML/CFT regime.
  • This announcement already pre-empted the exit of Mauritius from the grey list subject to an on-site assessment by FATF delegates in September 2021.
  • "This is a proud moment for our country considering the economic impact suffered by Mauritius whilst on the grey list.

Jewel Submits Bank License Application As First Digital Asset Bank In Bermuda To Serve Global Clients With Digital Asset Banking and Stablecoin Payments Infrastructure

Thursday, October 14, 2021 - 1:05pm

HAMILTON, Bermuda, Oct. 14, 2021 /PRNewswire/ --Jewel, a proposed bank serving digital asset businesses and institutions globally from Bermuda, has submitted its formal bank application with the Bermuda Monetary Authority (BMA), in a combined full-service bank and digital asset license application (to custody digital assets and issue stablecoins directly from the bank).

Key Points: 
  • HAMILTON, Bermuda, Oct. 14, 2021 /PRNewswire/ --Jewel, a proposed bank serving digital asset businesses and institutions globally from Bermuda, has submitted its formal bank application with the Bermuda Monetary Authority (BMA), in a combined full-service bank and digital asset license application (to custody digital assets and issue stablecoins directly from the bank).
  • Jewel's planned services address the core banking and settlement needs of global digital asset firms including core banking, digital asset custody, crypto-collateralized lending, and traditional fiat and stablecoin payments.
  • Yet with this larger global market, non-US digital asset firms are underserved with respect to banking, and stable banking represents a key pain point for them.
  • A key focus of Jewel's banking infrastructure is to fill the gap in the global non-US digital asset trading market for modern digital asset banking and DLT-based settlement that underlies the large global trading volumes.

XREX Partners with TRM Labs to Bolster Platform Security

Thursday, October 14, 2021 - 1:00am

Photo Available: XREX I TRM:Taipei-headquartered neo fintech XREX Inc. partners with TRM Labs to bolster platform security.

Key Points: 
  • Photo Available: XREX I TRM:Taipei-headquartered neo fintech XREX Inc. partners with TRM Labs to bolster platform security.
  • XREX is among the first blockchain firms in Asia to implement TRM Labs risk intelligence platform, with modules including Forensics, Know-Your-VASP (Virtual Assets Service Providers), Wallet Screening, and Transaction Monitoring .
  • These tools allow XREX to undertake real-time cross-chain analysis on all the crypto transactions on the platform, giving XREX extra firepower to combat financial crimes, preempt fraud, and root out illicit actors.
  • Currently, XREX supports Bitcoin (BTC), Ethereum (ETH), USDT, XRP, and BCH, which are among the hundreds of thousands of digital assets monitored by TRM Labs.

XREX Partners with TRM Labs to Bolster Platform Security

Thursday, October 14, 2021 - 1:00am
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211013006165/en/
    XREX is among the first blockchain firms in Asia to implement TRM Labs risk intelligence platform, with modules including Forensics, Know-Your-VASP (Virtual Assets Service Providers), Wallet Screening, and Transaction Monitoring .
  • These tools allow XREX to undertake real-time cross-chain analysis on all the crypto transactions on the platform, giving XREX extra firepower to combat financial crimes, preempt fraud, and root out illicit actors.
  • Currently, XREX supports Bitcoin (BTC), Ethereum (ETH), USDT, XRP, and BCH, which are among the hundreds of thousands of digital assets monitored by TRM Labs.
  • TRM Labs provides blockchain intelligence to organizations who need to monitor, detect and investigate crypto-related fraud and financial crime.

Demystifying AI for AML: European Banking Federation and SAS help banks worldwide fight financial crime

Wednesday, October 13, 2021 - 5:12pm

The European Banking Federation (EBF) uniting 32 national banking associations in Europe, representing 5,981 banks with roughly 2.6 million employees has partnered with SAS to help financial firms worldwide curb the deluge.

Key Points: 
  • The European Banking Federation (EBF) uniting 32 national banking associations in Europe, representing 5,981 banks with roughly 2.6 million employees has partnered with SAS to help financial firms worldwide curb the deluge.
  • The AML Masterclass will explore how AI and machine learning technology can help boost banks' AML compliance efforts.
  • We are confident that this collaboration with SAS will help us prepare our members, and the broader banking community, for this new reality."
  • The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe.

New Report: Cayman Islands Enhances Global Innovation and Economic Development Without Tax Harm

Wednesday, October 13, 2021 - 8:00am

This new report has been commissioned by Cayman Finance to help clarify how the Cayman Islands has successfully combined all of these attributes with others that make it unique to international investors, to help drive the international economy and facilitate global economic growth.

Key Points: 
  • This new report has been commissioned by Cayman Finance to help clarify how the Cayman Islands has successfully combined all of these attributes with others that make it unique to international investors, to help drive the international economy and facilitate global economic growth.
  • This report documents how the Cayman Islands pure tax neutrality and commitment to good governance enable investors to pool capital securely and transparently and pursue investment opportunities that drive economic growth, create jobs and generate tax revenue in countries around the world, said Jude Scott, the CEO of Cayman Finance.
  • Key findings include:
    CIVs and MNEs choose to domicile entities in Cayman rather than in other jurisdictions because Cayman offers pure tax neutrality at minimal cost in a well-regulated legal environment.
  • A Cayman: Engine of Growth and Good Governance was authored by leading economist Julian Morris and is available, along with other Cayman Finance reports, at www.caymanfinance.ky .

ComplyAdvantage Releases State Of Financial Crime 2021 Mid-Year Review

Tuesday, September 28, 2021 - 6:00am

New York, NY, Sept. 28, 2021 (GLOBE NEWSWIRE) -- ComplyAdvantage , a global data technology company transforming financial crime detection, today announced the availability of the firms anticipated report The State Of Financial Crime 2021 Mid-Year Review .

Key Points: 
  • New York, NY, Sept. 28, 2021 (GLOBE NEWSWIRE) -- ComplyAdvantage , a global data technology company transforming financial crime detection, today announced the availability of the firms anticipated report The State Of Financial Crime 2021 Mid-Year Review .
  • The State Of Financial Crime 2021 Mid-Year Review delves into some of the most important financial crime trends that compliance teams should be concerned with for the end of the year and into 2022.
  • The first half of 2021 has been a time of significant change in the world of financial crime.
  • ComplyAdvantage releases The State Of Financial Crime 2021 Mid Year Review comprehensive report covering Geopolitics & Sanctions, Regional Trends and Crypto and DeFi regulations#compliance #financialcrime #AML #antimoneylaundering #cybercrime
    ComplyAdvantage is the financial industrys leading source of AI-driven financial crime risk data and detection technology.

ComplyCube Enhances SaaS Offering With A Powerful KYC Solution, Amid Biometric Security Boom

Wednesday, September 8, 2021 - 11:00am

The solution will complement ComplyCube's market-leading Software as a Service (SaaS) and API platform.

Key Points: 
  • The solution will complement ComplyCube's market-leading Software as a Service (SaaS) and API platform.
  • The Global KYC firm has recently reported a growth of 500 percent growth of biometric KYC business .
  • The launch of Flow capitalizes on the current biometric security boom amid the substantial global digitalization drive caused by the pandemic.
  • Similarly, businesses with legacy KYC solutions can leverage Flow to simplify onboarding processes and reduce the Total Cost of Ownership.