Ladbrokes Coral, a British based gambling firm, has been fined £5.9m for a three-year lapse in which they did not follow anti-money laundering measures and did not protect customers. GVC Holdings bought Ladbrokes Coral in March 2018 and while the difficulties occurred between November 2014 and October 2017, the new…
Ellias Preko, a former Goldman Sachs investment banker, was served a confiscation order by the National Crime Agency (NCA) of the United Kingdom. Preko must pay 7.3 million pounds or face a 10-year jail sentence. After leaving Goldman Sachs Preko began to work for James Ibori, the former governor of…
Her Majesty’s Revenue and Customs(HMRC), a department of the United Kingdom responsible for regulatory regimes, has fined Touma Foreign Exchange Ltd almost ten million dollars for breaching money laundering regulations. This fine follows a crackdown in July where officers executed warrants at 12 separate addresses and arrested two men. HMRC…
The Annual Anti-Money Laundering and Financial Crime Conference hosted by the Association of Certified Anti-money Laundering Specialists (ACAMS) will begin in late September 2019. Truth Technologies has been attending this conference for years and is excited to attend again. With topics ranging from sanction screening and PEP (politically-exposed person) screening…
German media have dubbed it "the biggest financial fraud trial" in Germany since WWII. Two British citizens are accused of using cum-ex transactions to defraud the German government out of almost $500 million dollars. The trial is ongoing in Bonn, Germany with the accused facing a 635-page charge sheet. Cum-ex…
HSBC has agreed to pay $336 million to settle a tax fraud dispute in Belgium after prosecutors alleged that HSBC committed tax fraud, forgery, money-laundering, and other illegal activities. In 2004, the European Union applied a tax on savings income and the prosecutors allege that HSBC aided wealthy clients in…
Truth Technologies was incorporated in 1996, 23 years ago. It was in many ways a trailblazer: It was an AML compliance solution based on a vision of future KYC regulations at a time when there were no KYC regulations yet. It was conceived as a Software as a Service (SaaS)…
Noah’s Ark Communities to Provide Residential Living for Adults with Disabilities, focused on Autism Naples, Florida, 03 May, 2019: Truth Technologies supports Noah’s Ark Communities a 501(c)(3) charitable organization providing a safe residential living, learning and work environment to individuals with developmental disabilities, with a focus on the autistic spectrum…
Truth Technologies exhibits at the 24th annual ACAMS Conference in Hollywood, Florida, April 15 – 17, 2019. ACAMS, the Association of Certified Anti-Money Laundering Specialists organizes this largest conference and tradeshow on financial crime since 1995. Truth Technologies, the pioneer in developing regulatory compliance technology solutions was represented at all…
Truth Technologies is at FIBA AML 2019, the Florida International Bankers Association’s Annual Anti Money Laundering Conference, Miami, March 11, 12 & 13, 2019. https://fibaaml.fiba.net/ FIBA AML is one of the major annual Conferences and Trade Shows where Truth Technologies, doing business as General FinTech in Florida presents its regulatory…