Truth Technologies in the History of KYC, Know Your Customer: what comes first KYC or KYB, Know Your Banker Truth Technologies in the History of KYC, Know Your Customer: what…
Last month, the United Kingdom regulator known as the Financial Conduct Authority (“FCA”) fined Commerzbank London £37.8 million for failures in the bank's anti-money laundering (AML) procedures. The Final Notice…
NAPLES, FLA. (PRWEB) JUNE 22, 2020 Truth Technologies, a provider of anti-money laundering, anti-fraud, customer identification, and compliance products and services, today announced the successful completion of their 2020 SOC 2…
The U.S. Department of Justice (DoJ) recently released an indictment against 32 bankers, located in China and North Korea. Covert branches of the North Korea owned Foreign Trade Bank (FTB)…
In March, the Swedish Financial Supervisory Authority (FSA) handed out a record fine of 4 billion crowns to Swedbank for anti-money laundering (AML) compliance program failures. It seems that the…
After a two-year investigation, the United Kingdom (UK) Metropolitan Police have frozen 25 accounts, possibly linked to the Italian mafia, holding more than €1.9 million. This is a victory for…
AUSTRAC, Australia's anti-money laundering(AML) regulator, stated that Westpac bank contravened the AML/CFT act on 23 million occasions. Australia’s anti-money laundering and counter-terrorism financing act requires entities, like banks, to report…
National emergencies, such as the current COVID-19 situation, can effect everyone in dozens of ways. Not often considered is the increase of financial crime by bad actors hoping to take…
Last week, the Swedish Financial Supervisory Authority (FSA) handed out a record fine of 4 billion crowns to Sweden's oldest retail bank. The FSA claims that Swedbank had some serious…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps financial institutions meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
