Busway Inc. CEO Ernie Honya is drawing attention to a growing challenge in the financial sector: the rising cost of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance for startups and ...

According to the company, the increasing reliance of banks and financial institutions on external AML and KYC platforms has contributed to higher industry pricing. Busway is positioning its platform ...

Bank customers' complaints of sudden account closures track a rise in automated anti-money-laundering decisions and possibly outdated AML rules. In an effort to become more efficient, large banks ...

When the Department of Justice investigated money laundering at TD Bank, it found emails and instant messages between employees about the criminal activity they and their colleagues were abetting. For ...

LAS VEGAS, NV, UNITED STATES, January 31, 2024 /EINPresswire.com/ -- BET99, an online casino and sports betting brand in Ontario, Canada, embarked on a significant ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The updated framework defines how iDenfy’s automated AML system prevents, ...

According to HTF Market Intelligence, the Anti-money Laundering Software Market is expected to register a CAGR of 10.9% during the forecast period. Stay up-to-date with Global Anti-money Laundering ...

LONDON, UK, March 7, 2023 /EINPresswire.com/ -- As we move towards the year 2023, the anti-money laundering (AML) industry is expected to witness significant ...

The Financial Crimes Enforcement Network (FinCEN) and the federal banking agencies recently published the long-awaited notice of proposed rulemaking for the anti-money laundering/countering the ...

In the era of ever-increasing online security scams, the importance of knowing one’s customer verification can’t be overstated. As businesses have started their online venture to expand their ...

Swiss bank UBS AG announced yesterday that it’s planning to deploy multimillion-dollar artificial intelligence software to monitor its banking transactions in some 40 countries to fight money ...