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DigiPli and AML Partners join forces to improve KYC/AML solutions for global...
DigiPli to use AML Partners’ RegTech OneTM and SURETY Eco® as engine for its AML/KYC Managed Services Utility AML Partners and DigiPli recently entered into a strategic partnership. DigiPli, which is...
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Mozambique $2-Billion debt fraud, money laundering continues to unfold
Questions about horizontal governance, internal controls at investment bank Mozambique has been wrestling in recent years with allegations related to a $2 billion debt fraud involving government...
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Terror-financing arrest for £150 payment to son
Terror-financing controversy: U.K. father arrested for sending £150 to son fighting with anti-IS Kurds In the messy world of stopping the financing of terror, £150 can get you arrested. On Dec. 11,...
View Article$17.5 million fine for CEO drives home individual accountability for Risk,...
By Frank Cummings • CEO of AML Partners Horizontal GRC provides guardrails and truly shared accountability for Governance, Risk, Compliance The $17.5 million fine and lifetime ban levied on John G....
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Digital ID boosts identity security in world affected by Covid-19
Covid pandemic illustrates need for SysFi.ID–a secure digital ID for online or off An official from Russia’s Central Bank recently described problems in verifying IDs when banks are forced to serve...
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AML Partners 2020: Innovation acclaim by RegTech 100, CapGemini ScaleUp,...
Midyear review: Innovation, acclaim in Covid-changed world By Frank Cummings, CEO of AML Partners If 2020 at the halfway point for AML Partners could be summed up in a few words, it would be these:...
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1MDB: First trial of P.M. delivers conviction on money laundering
Prime minister at helm of 1MDB scandal convicted—but will it hold? A Malaysian court convicted former prime minister Najib Razak yesterday. He faces 12 years in prison and fines of nearly $50 million....
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Money laundering, corruption the grim norm in kleptocrat-laden Iraq
Iraq–A case-study in stunning levels of corruption, kleptocracy, money laundering The New York Times Magazine yesterday published a long-form feature titled “Inside the Iraqi Kleptocracy.” It’s a...
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Delaware, Treasury sign MOU to improve transparency re: AML Compliance
US Treasury, Delaware work to strengthen information sharing So much of AML Compliance and the fighting of financial crime rely on transparency. But various countries and U.S. states have offered...
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RegTech Platform: Plugins make available AI tools, Machine Learning, Business...
RegTech platform helps users leverage crime-fighting advances in AI and Machine Learning By Frank Cummings, CEO of AML Partners Accelerating developments in AI and related technologies hold great...
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Chartis ranks AML Partners a Category Leader for KYC Solutions
Chartis RiskTech Quadrant® names AML Partners a Category Leader for KYC Solutions High praise for AML Partners’ innovations in SURETY-CDDTM and RegTech OneTM Innovation in GRC and AML/KYC drive product...
View ArticleJustice Dept. seizes $1B in Bitcoin stolen from Silk Road founder
Bitcoin theft from Silk Road now valued at $1B–left untouched for eight years While most Americans were riveted to election returns Tuesday night, the U.S. Justice Dept. created a riveting story of its...
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EU to authorize supervisory role over members’ high-risk AML Compliance
Threat of EU supervisor in high-risk AML expected to push member states to improve AML Compliance EU finance ministers agreed last week to authorize an AML enforcement group with the authority to...
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Sham marriages at center of Texas immigration fraud
Ringleader convicted in immigration scam that offered fake marriages for $70,000 HOUSTON – A 55-year-old woman has admitted guilt for her role in at least 40 sham marriages that charged foreigners up...
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Remote installations of AML and GRC software a boon amidst Covid constraints
Covid-19 may be a great disruptor—but the ease of installing software remotely has proven invaluable in the face of Covid restrictions. AML Partners had pioneered the option of remote installations...
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FinCEN renews GTOs in effort to stem money laundering in real estate
GTOs aim to identify natural persons behind shell companies in all-cash real-estate buys The Financial Crimes Enforcement Network (FinCEN) announced in early November the renewal of its Geographic...
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FATF targets terror-financing of right-wing extremists
FAFT president notes rise of right-wing extremists in U.S., globally Marcus Pleyer of Germany took on his nation’s two-year presidency of the Financial Action Task Force (FATF) in July of 2020. Pleyer...
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New U.S. law puts kibosh on anonymous shell companies
U.S. finally moves to deter money laundering, terror financing via anonymous shell companies Money launderers and terror financers will have fewer places to hide their illicit activity in the U.S. in...
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FATF session emphasizes terror financing, virtual assets
FATF session seeks to advance measures to prosecute parties that finance terror The Financial Action Task Force (FATF) concluded its second plenary meeting during the German Presidency, its third...
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FinCEN Advisory details ways financial criminals target Covid EIP payments
FinCEN: Fraudsters target Covid-relief payments to individuals via various schemes A FinCEN advisory last week detailed examples of Covid-related Economic Impact Payments (EIP) fraud, associated red...
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