FSTech

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Travelex ‘making progress’ after cyberattack

Travelex, the foreign exchange service hit by a ransomware attack, has said it is making good progress on containing the virus and has begun the process of refunding customers while it remains offline. The company took its website down two…

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UK regulators hand out $388m in AML fines

UK regulators handed out a total of $388.4 million in fines for Anti-Money Laundering (AML) related incidents last year, according to new research. Analysis of global AML penalties between 1 January and 31 December 2019 by automated Know Your Customer…

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UK regulators hand out $388.4m in AML fines

UK regulators handed out a total of $388.4 million in fines for Anti-Money Laundering (AML) related incidents last year, according to new research. Analysis of global AML penalties between 1 January and 31 December 2019 by automated Know Your Customer…

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Warnings over preparedness for new AML rules

The fifth Anti-Money Laundering Directive has come into force today, with warnings that many companies now governed by the regulations are not prepared. Last year the government consulted on proposals for the transposition of the EU rules into UK law,…