The Mexican Finance Ministry said it will spin off the trust businesses of two banks following US accusations that they laundered proceeds from illicit drug trafficking. https://t.co/91KhOzgB50 ...

Singapore imposed $21.5 million in penalties on nine financial firms, including a few of the world’s biggest banks, for lapses related to the city’s largest money laundering case https://t.co/dJ73BSpATe ...

Standard Chartered is facing a $2.7 billion lawsuit from liquidators alleging it played a role in enabling the laundering of billions of dollars misappropriated from Malaysia’s troubled sovereign wealth fund 1MDB https://t.co/RwC212YY3D ...

🔥 JUST IN: Europol busts crypto fraud ring laundering €460M from over 5,000 victims, 5 arrested across Spain in coordinated operation with US, Estonia & France. https://t.co/ZZVaiMwn2z ...

Core Insights - Gadens, a leading Australian law firm, has selected Intapp's compliance solutions to enhance its compliance with new anti-money laundering (AML) and counter-terrorism financing (CTF) regulations in Australia [1][4]. Group 1: Modernization of Business Processes - Gadens is modernizing its business intake and conflict management processes in response to new AML and CTF regulations [2]. - The firm aims to use Intapp's consolidated tool to improve its new business intake and onboarding processes, enhancing data integrity and reducing risk exposure [2][3]. Group 2: Compliance and Risk Management - The new AML legislative reforms will necessitate improved client onboarding processes, including comprehensive information gathering and verification methods [3]. - Intapp's solutions will assist Gadens in achieving compliance with the AML and CTF framework, which involves complex information gathering, monitoring, reporting, and recordkeeping [4][6]. Group 3: Technology and Data Management - Intapp's compliance solutions enable secure collection of sensitive information that integrates into the firm's review processes, verifying client identities through proprietary and third-party data [5]. - The software continuously monitors active clients for evolving risk factors, alerting risk professionals to potential issues and centralizing records for easy access [6]. Group 4: Strategic Impact - The partnership with Intapp is expected to transform Gadens' risk and governance framework, positioning the firm for long-term growth and operational excellence while simplifying AML and CTF compliance processes [7].

Core Viewpoint - Flywire has been appointed to the PCI Security Standards Council (PCI SSC) 2025-2027 Board of Advisors, marking its second consecutive term, which underscores its commitment to enhancing payment security standards and protocols [1][2][3] Group 1: Company Representation and Expertise - Flywire's CTO, David King, and CIO/CISO, Barbara Cousins, will represent the company on the PCI SSC Board, leveraging their extensive experience in security and payments [1][2] - David King was part of the original team that drafted the initial version of PCI DSS 1.0, bringing valuable insights to the Board [2] Group 2: Commitment to Security and Compliance - Flywire is PCI DSS Level 1 certified, the highest level for credit card data security, and undergoes annual SOC II Type II audits to ensure strong information management processes [3] - The company actively manages global regulatory requirements, including comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programs, and complies with various data protection laws such as GDPR, CCPA, PIPEDA, HIPAA, and FERPA [3] Group 3: Client Trust and Security Differentiation - Flywire's security capabilities are a key differentiator for its global clients, as evidenced by Nordic Visitor's decision to select Flywire for its international payments due to robust security and compliance features [4] - The company emphasizes that being a leader in security and compliance is about building trust with clients and their customers, not just meeting regulatory requirements [5] Group 4: Industry Collaboration - The PCI SSC Board of Advisors provides industry expertise that influences the development of PCI security standards and programs, highlighting the collaborative effort to enhance payment data security globally [5][6]

4月金融机构共收到559张罚单，合计被罚没1.03亿元，罚单数量环比增25.9%，但罚没金额环比略减 少。 一、4月不同类型机构处罚情况 4月国家金融监督管理总局给金融机构开出325张罚单，环比增16.07%，但罚没金额环比减少25.75%。 央行4月处罚力度明显加大，开出161张罚单，罚单数量环比增53.33%，罚没金额3440.48万元，环比增 48.42%。 | 被罚对象 | 可发金额 | 处理机构 | 违规事项明细 | | --- | --- | --- | --- | | | (万元) | | | | 交通银行江西省分行 | 230.00 | 国家金融监 督管理总局 | 授信管理不尽 | | | | | 职;未按规定报 | | | | 江西监管局 | 关突发事件信息 | | 宁波东海银行 | 227.10 | 央行宁波市 | 1.违反信用信息 | | | | | 查询管理规定; | | | | | 2.未按规定履行 | | | | | 客户身份识别义 | | | | 分行 | 务;3.未按规定 | | | | | 报关大额交易报 | | | | | 告或可疑交易报 | | | | | # | | 温 ...

UAB Urbo Bankas („Bank“), company code 112027077, address: Konstitucijos pr.18B, Vilnius. The Bank of Lithuania (BL) conducted a targeted scheduled inspection to assess the Bank’s compliance with anti-money laundering and counter-terrorist financing (AML/CTF) prevention requirements. The inspection revealed violations and deficiencies. The Bank acknowledged the identified violations, submitted a remediation plan, and committed to addressing all legal violations and operational shortcomings identified during ...

Core Insights - AML Go (Pty) Ltd, a subsidiary of UPAY Inc., presented at the MicroFinance South Africa (MFSA) Virtual Workshop on FICA Compliance, highlighting its role in AML compliance solutions [1][5] - The workshop attracted over 380 delegates, including compliance officers and representatives from the Financial Intelligence Centre, focusing on practical insights for the credit and microfinance sector [2][3] AML Go's Contributions - AML Go demonstrated its intelligent compliance engine, showcasing how it simplifies regulatory processes for accountable institutions in the microfinance sector [4] - The company emphasizes the importance of technology-enabled compliance tools to meet regulatory standards effectively [3][5] Industry Context - The workshop addressed key areas of the Financial Intelligence Centre Act (FICA), including Risk Management and Compliance Programs, Customer Due Diligence, and employee screening procedures [8] - There is a growing need for automated solutions that can perform client screening, risk profiling, and generate audit-friendly reports [9]