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UK’s ThirdFort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud


Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s spent on large assets in the country like prime real estate — the capital city has been dubbed by some as the “London laundromat” — but also, in light of sanctions on Russia in recent weeks, actually to enforce those rules.
Today, a London startup called Thirdfort, which has built a platform to help professional services firms run more thorough due diligence, and to flag when something is suspicious, is announcing a funding round of £15 million (about $20 million), money that it will be using to continue expanding its services, specifically to build payment infrastructure dire …

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