Kyckr Ltd

11/10/2022

46% of financial institutions say they've experienced fraud, corruption, or other financial crime in the last two years. Read our CEO Ian Henderson's latest blog in Nasdaq, where he discusses five ways compliance professionals can combat rising financial crime and keep their organisations safe.
https://bit.ly/3fUsrA6

You may not think it, but your compliance team is your first line of defense against financial crime.

23/09/2022

As a result of strengthening its measures against money laundering and terrorist financing, Japan has been re-rated from partially compliant to largely compliant by FATF. https://bit.ly/3LlEKRt

22/09/2022

The Central Bank of Argentina has issued a set of rules to heighten the level of protection users of popular digital wallets in the country receive.

The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country regarding customer service.

22/09/2022

The Australian Federal Police has launched a new specialised unit dedicated to tracing and seizing cryptocurrencies related to illicit activities, such as money laundering and offshoring.

The Australian Federal Police launched a unit dedicated to the tracing and seizure of cryptocurrency related to illicit activities, such as money laundering and offshoring, the Australian Financial Review reported on Monday.

21/09/2022

The Central Bank of Ireland has fined Danske Bank €1,820,000 for not updating AML controls in Ireland Branch since 2010.

"The transaction monitoring system used by the Irish branch was a Danske group wide automated system that had applied historic data filters which operated to erroneously exclude certain categories of customers from being monitored for a period of almost nine years. This led to the serious breaches i...

21/09/2022

Read our CEO's, Ian Henderson's blog where he explores the importance and the benefits of primary-source data for compliance professionals.

Data is the lifeblood of modern financial institutions, and Know Your Customer (KYC) and Anti-Money Laundering (AML) teams make critical decisions based on customer data.

20/09/2022

De Nederlandsche Bank has published a report that argues for more risk-based customer due diligence and recommends focussing on the high-risk customer catergories. https://bit.ly/3BGHAwj

20/09/2022

Kyckr’s CEO, Ian Henderson is joined by Joel Lange, General Manager of Risk and Compliance at Dow Jones to discuss the trends shaping risk management and financial crime compliance. Listen to this insightful podcast now! https://bit.ly/3dlo0xo

16/09/2022

India’s Enforcement Directorate has searched five premises connected with cryptocurrency company CoinSwitch on alleged money laundering charges. https://bit.ly/3U0Wjdx

16/09/2022

Of the £47bn of bounce back loans handed out to struggling small businesses hit by COVID-19 lockdowns, government sources reveal that £1.1bn has been identified as fraudulent.

The eye watering figure could only be the start, says Reuters, after £47bn was handed out to firms during the pandemic.

15/09/2022

The Executive Director of the FCA, has called on the finanical industries to embed the use of data and technology to ward off financial crime.

The Financial Conduct Authority (FCA) has called on the financial industries to ‘embed’ technology to ward off financial crime.