iSignthis Ltd (ASX:ISX) has announced today its latest global brokerage sign up as the firm has entered into an agreement with UK FCA regulated Valutrades, which offers FX & CFD trading. Highlights: ISXPay to process payments to Valutrades nominated acquirers iSignthis to remotely verify Valutrades customers Valutrades to meet the EU's 4th AML Directive and…
Read moreThe Financial Crimes Enforcement Network (FinCEN) today issued final rules relating to customer due diligence requirements that are applicable to futures commission merchant (FCM) and introducing broker (IB) Members. Under the new rules, FCM and IB Members will be required to identify and verify the identity of beneficial owners of legal entity customers. The final…
Read moreFinancial technology solutions provider NextAngles today announced the launch of its flagship compliance solutions for financial institutions grappling with increasing regulatory and market pressures. The solutions suite includes: Anti-Money Laundering (AML) Alert Investigation, Trade-Based Money Laundering (TBML) Alert Generation and Investigation, Know Your Customer (KYC), Financial Crimes Investigation, and Liquidity Risk Management. Developed by industry…
Read moreiSignthis Ltd (ASX: ISX) is announcing today that it has signed into an agreement with online forex and CFD brokerage XM.com. iSignthis will integrate with XM.com to deliver its new enhanced digital KYC service. The iSignthis service will provide XM.com with user friendly and automated customer onboarding. The service will enable XM.com to meet the…
Read moreAustralia based iSignthis Ltd (ASX : ISX) announced today that it has entered into a pilot agreement with online broker, iFOREX. iSignthis will integrate with iFOREX to pilot and optimize the ISX Digital KYC service. A successfully optimized pilot aims to provide iFOREX with a user friendly onboarding system. Per the announcement, the program will start with iFOREX German clients…
Read moreExpands use to support KYC, AML, tax, credit and legal agreements
Read moreFailures to implement adequate anti-money laundering (AML) and social responsibility (SR) controls regarding a VIP customer, who stole money to fund his gambling, have cost Gala Coral £846,664 ($1.24 million). The UK Gambling Commission today posted a public statement regarding the case, saying there are lessons to be learned from it. Law enforcement agents notified…
Read moreSWIFT's KYC Registry gains momentum amongst Caribbean banks.
Read moreVia the registry, Russia's National Settlement Depository gets access to information about organizations from 138 countries.
Read moreAccount takeover and application fraud experienced the most activity in the past 12 months.
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