AUSTRAC

Anti-Money Laundering Software Market Size to Reach USD 5.77 Billion in 2030 | Increasingly Stringent Government Regulations to Deploy AML Solutions is One of the Key Factors Driving Industry Demand, says Emergen Research

Retrieved on: 
Thursday, February 24, 2022
Cloud, Risk, SAS Institute, FINRA, Compliance, Government, PLC, Method, BAE Systems, Personal protective equipment, COVID-19, AML, Artificial intelligence, China Banking and Insurance Regulatory Commission, Tata Consultancy Services, Suspicious Activity?, Experian, SAR, Nature, Suspicious activity report, Financial Industry Regulatory Authority, Adoption, AUSTRAC, Internet of things, USD, Finance, IOT, Corruption, KYC, Australian Transaction Reports and Analysis Centre, CaseWare International, Lung compliance, FIS (company), Oracle Corporation, CAGR, Fraud, Solution, ACI Worldwide, CBIRC, SAS Institute Inc v World Programming Ltd, Software, Cryptocurrency

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.

Key Points: 
  • Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.
  • However, high initial cost associated with deployment of AML solutions is a major factor expected to hamper revenue growth.
  • Increasingly stringent government regulations to deploy AML solutions is a key factor driving revenue growth of the market.
  • Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region:

Ebang International Holdings Inc. Receives Registration Approval of Digital Currency Exchange in Australia

Retrieved on: 
Thursday, February 10, 2022
Private Securities Litigation Reform Act, GLOBE, Industry, Australian Transaction Reports and Analysis Centre, Terminology, Company, DCE, Blockchain, AUSTRAC, Securities and Exchange Commission (Philippines), Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Securities Exchange Act of 1934, Nasdaq, U.S. Securities and Exchange Commission, Forward-looking statement, Cryptocurrency, ASIC

And now we are proud to announce that AUSTRAC has approved Ebonex Australias registration as a digital currency exchange (DCE).

Key Points: 
  • And now we are proud to announce that AUSTRAC has approved Ebonex Australias registration as a digital currency exchange (DCE).
  • AUSTRAC, an Australian government financial intelligence agency responsible for detecting, deterring and responding to criminal abuse of the financial system, oversees registration of any business that offers cryptocurrency exchange services.
  • We consider Australia a major financial hub and recognize its significant influence in the global market; therefore, receiving the DCE approval is of great importance to us.
  • About Ebang International Holdings Inc.
    Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability.

Australian Super Fund, LGIAsuper, Turns to Napier For AML Systems Upgrade Following Recent Merger

Retrieved on: 
Monday, February 7, 2022
Professional Services, Other Professional Services, Technology, Software, Finance, Consulting, Banking, Growth, FX, AML, Time, Solution, AUSTRAC, Technology, Review, Australia Post, Retirement, View, Acquisition, Cryptocurrency

LGIAsuper is a profit-for-members fund, managing $24b in retirement savings for approximately 123,000 members following its merger with Energy Super last year.

Key Points: 
  • LGIAsuper is a profit-for-members fund, managing $24b in retirement savings for approximately 123,000 members following its merger with Energy Super last year.
  • With the pending acquisition of Suncorps superannuation business, LGIAsupers fund size will grow this year to around $30b with approximately 250,000 members.
  • The Napier system will improve our capabilities for protecting our members from illegal or unlawful activity and meeting the funds AML obligations.
  • Robin Lee, Head of APAC at Napier, said: Its fantastic to be a part of LGIAsupers exciting period of growth.

CoinZoom Launches New App Providing Complete Crypto Investing and Online Banking Experience

Retrieved on: 
Tuesday, January 25, 2022
Zero, Bitcoin, Ethereum, Technology, Public sector banks in India, Cryptocurrency, AUSTRAC, Android, APY, Money transmitter, Program, USD, Transnational organized crime, SALT, Money services business, Friends, IOS

The new simplified app will be offered in addition to the current CoinZoom Pro app and provides customers with a one-of-a-kind complete banking and crypto experience.

Key Points: 
  • The new simplified app will be offered in addition to the current CoinZoom Pro app and provides customers with a one-of-a-kind complete banking and crypto experience.
  • Users Simply select from their pre-populated contacts list in the app to refer friends to CoinZoom and earn $10 in crypto.
  • "Our pro app is geared more towards the seasoned crypto trader, whereas our new app makes the crypto experience easy to navigate for first-timers."
  • "We believe that we've developed a superb online banking and crypto investing experience with this new app and are eager to bring the complete crypto experience to the masses," added Crosland.

Bank of Sydney partners with Hexaware to transform its Technology Operations

Retrieved on: 
Tuesday, December 14, 2021
Service, Partnership, Financial services, ADI, Technology, Institution, ML, ABA, Efficiency, Convergent Technologies Operating System, Core banking, Leadership, Growth, Bank, Australian Banking Association, Digital, AUSTRAC, ASIC, Hotel manager, Foundation, Integration competency center, Cryptocurrency

MUMBAI, India, Dec. 14, 2021 /PRNewswire/ -- Hexaware and Bank of Sydney ( www.banksyd.com.au ) announced a new strategic partnership to transform the Technology Operations for the Bank's future growth.

Key Points: 
  • MUMBAI, India, Dec. 14, 2021 /PRNewswire/ -- Hexaware and Bank of Sydney ( www.banksyd.com.au ) announced a new strategic partnership to transform the Technology Operations for the Bank's future growth.
  • Hexaware will consolidate the bank's Technology Operations from multiple service partners into a centralised operating model across Core Banking, Integrations, Network and End User Experience Operations.
  • Hexaware is a truly innovative organisation, and I look forward to leveraging their capabilities as we continue to transform our technology operations."
  • Hexaware is excited about its collaboration with Bank of Sydney that leverages its portfolio of Mobiquity, Amaze and Tensai to reimagine the Bank's Technology Operations and help create a bank for the future.

Westpac 2021 Full Year Result

Retrieved on: 
Monday, November 1, 2021
Banking, Professional Services, Finance, Program, IPhone, Risk management, Samsung Galaxy Note 8, Second Half, Sustainability Accounting Standards Board, Policy, Section 5, Â, CORE, AUSTRAC, Board, Growth, Credit, COVID, Culture, Sale, Holding company, Bank, Renewable energy, Interior design, Real estate

For a reconciliation of cash earnings to reported results, refer to Section 5, Note 8 of Westpac Group 2021 Full Year Financial Results.

Key Points: 
  • For a reconciliation of cash earnings to reported results, refer to Section 5, Note 8 of Westpac Group 2021 Full Year Financial Results.
  • Refer to Westpac Group 2021 Full Year Financial Results for detail.
  • In 2021 Westpac paid or offered more than $1 billion to approximately 1 million customers as part of customer remediation.
  • The Board has determined a final, fully franked dividend of 60 cents per share to be paid on 21 December 2021.

Bingbon Integrates with TradingView, Becomes the Latest Broker on TradingView Platform

Retrieved on: 
Wednesday, September 8, 2021

SINGAPORE, Sept. 8, 2021 /PRNewswire/ -- Bingbon, which prides itself as a world class Crypto Social Trading platform, is pleased to announce that it has provided broker access to TradingView, a globally renowned market analysis community platform.

Key Points: 
  • SINGAPORE, Sept. 8, 2021 /PRNewswire/ -- Bingbon, which prides itself as a world class Crypto Social Trading platform, is pleased to announce that it has provided broker access to TradingView, a globally renowned market analysis community platform.
  • How this works is that Bingbon integrates its brokerage into the TradingView Web Platform through a powerful API, which can help Bingbon find new users in a large, targeted audience.
  • As a rapidly emerging cryptocurrency derivatives trading platform, Bingbon is enriching its crypto social trading platform ecology by working with more powerful global companies and communities.
  • Further collaboration with TradingView will help Bingbon grow its network of investors and traders on the platform.

CoinZoom Launches OTC Desk to Fill Gap for Institutional Customers

Retrieved on: 
Wednesday, August 18, 2021
Ethereum, AUSTRAC, Cryptocurrency, Money transmitter, SALT, Earning, Money services business, FIX, APY, Transnational organized crime, Technology, Security (finance)

The CoinZoom OTC Desk trades in over 140 markets and has streaming liquidity from the largest market makers in the world.

Key Points: 
  • The CoinZoom OTC Desk trades in over 140 markets and has streaming liquidity from the largest market makers in the world.
  • In addition to the newly launched OTC Desk, CoinZoom offers Institutional investors CZ-Prime's FIX integration, where institutions can take advantage of minimal latency, secure connection and full-time access around the clock.
  • Clients utilizing the OTC Desk will also be able to earn up to 7.5% APY on their crypto holdings by utilizing CoinZoom's Earn service.
  • CoinZoom Australia PTY LTD is registered as a Digital Currency Exchange with AUSTRAC and CoinZoom Europe Limited, is registered in Ireland.