Trying to prevent financial crime before it occurs is not a new concept for the financial services industry. In instances of fraud, for example, there is a clear obligation for financial institutions to do whatever is required to prevent the completion of these transactions. This helps ensure that the financial institutions protect themselves, but more importantly their customers. However, in the case of suspected money laundering, the waters are somewhat murkier.

Financial institutions would be well advised to start investigating now whether they need to ensure compliance in line with the proposed Fundamental Review of the Trading Book (FRTB). That’s according to a white paper released today by risk and regulatory technology firm Wolters Kluwer Financial Services. In fact, proposed changes may mean firms that currently do not consider they have a trading book actually will do so under the new definition that could come into effect as soon as 2017.

The Central Bank welcomes the decision by the Government to rollout the rounding of 1c and 2c coins nationally.

Having supported the Korean market with EMVCo Level 1 compliance services for a number of years, FIME’s Korean secure chip test laboratory is now approved to test compliance of mobile handsets, chipsets and near field communication (NFC) antennae to Visa’s Level 1 specifications.

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., officially held a magnificent launch event for the VietinBank-JCB Hello Kitty Card with Hello Kitty as theme on June 19 2015.

Emerging Markets Payments (EMP), the leading payments processessing company in Africa and the Middle East, has today launched its EMP Online Fraud Prevention Services.

T2S, a platform that will enable integrated securities settlement across Europe, has gone live as planned today, the European Central Bank announced.

 NICE Actimize, a NICE Systems (NASDAQ:NICE) business and the largest and broadest provider of financial crime, risk and compliance solutions for the financial services industry, announces the launch of the new Actimize Customer Due Diligence (“CDD”) Suite, the first enterprise-ready, out-of-the-box solution that addresses “branch to bank” customer risk, while managing requirements for due diligence and entity monitoring regulations.

Linedata, the global solutions provider dedicated to the investment management and credit industries, is to make the “Best in Class” lending management solutions in the world market available to UK loan and leasing professionals as it opens its dedicated Lending & Leasing operations from its existing office in London.

Nautilus Hyosung America (Hyosung), the #1 provider of ATMs in the United States and market leader in Branch Transformation solutions, today announced a partnership with Elan Financial Services (Elan), a leader in electronic funds transfer (EFT) processing, to provide banks and their customers with a co