The Financial Action Task Force (FATF) has told New Zealand told to strengthen its anti-money laundering (AML) and counter terrorism financing (CTF) operations in several areas, including improving the availability of its beneficial ownership information.
Virtual Asset Service Providers (VASPs) in Ireland are now required to register with the country’s central bank to comply with anti-money laundering and countering financing of terrorism (AML/CFT) obligations.
A new United Kingdom taskforce and engagement forum set up to explore a digital pound will examine how data privacy can be protected under the initiative while anti-money laundering (AML) requirements are still met.
With the use of Artificial Intelligence in anti-financial crime and other areas predicted to boom, United States federal regulators are scratching their heads and wondering what it means for compliance. They have asked for your help through a public Request for Information. Here is what they are wanting to know.
The City of London Corporation has called for urgent action to tackle barriers to the growth of regulatory technology, including the establishment of a collective ‘industry voice’ to represent the United Kingdom regtech sector.
Spending on regulation technology globally will surge from $33billion in 2020 to $130bn by 2025, as banks increasingly look to Artificial Intelligence (AI) solutions for onboarding and Know Your Customer (KYC) requirements, a report has predicted.
A project to allow the sharing and analysing of transaction information between banks while protecting privacy of customers has had ‘good initial results’ after testing with synthetic data, a bank involved has said.