Personal Finance

FinQuery, formerly known as LeaseQuery, has secured a significant minority investment to the tune of $25m, led by Periphas Capital and supported by Lavelle Capital.

BforeAI, a leader in predictive security solutions, has successfully closed its Series A funding round, securing a substantial $15m.

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.

MEPs have approved the establishment of a new EU anti-money laundering agency, which will be based in Frankfurt.

KYC protocols serve as the cornerstone of AML efforts, obliging financial institutions to verify their customers’ identities.