Financial institutions (FIs) need to understand the various types of financial fraud to safeguard their assets and maintain the trust of clients and stakeholders – particularly as new avenues for fraud and illicit activity continue to unfold. This comprehensive guide […]
In our annual global compliance survey, 60 percent of firms said the number of payment fraud cases had remained the same over the past 12 months. However, this reported continuity reflects fraud rates remaining at historically high levels, with global […]
Sanctions screening is crucial to any financial institution’s (FI’s) anti-money laundering and counter-terrorist financing (AML/CTF) efforts. It helps companies stay compliant with regulations, protect their reputations, and safeguard the financial activities of their customers. However, many businesses face challenges implementing […]
Welcome to the era of artificial intelligence (AI) hype, where every company and its cat claims to be riding the wave of the latest AI and machine learning (ML) breakthroughs. One example of this in the anti-money laundering (AML) space […]
Despite being one of the most important lines of defense for financial institutions (FIs), many businesses struggle to balance effective security with ease of use during payment screening. To help mitigate these challenges, this article will look at: What payment […]
The fifth Financial Action Task Force (FATF) plenary under the two-year Singapore Presidency of T. Raja Kumar took place at the FATF headquarters in Paris on February 21-23, 2024. We’ve summarized the key developments: Changes to the grey list. Increasing […]
By 2027, it is estimated that 440 million people will use online dating apps to find love, making them one of the primary catalysts for igniting relationships. While happily ever afters are common on these platforms, so, unfortunately, are scams […]
If you’ve found this article, the chances are you’re looking for: Anti-money laundering (AML) software that’s designed for banks. A way to quickly tell what differentiates leading solutions. How respected third parties assess top adverse media and AML vendors’ capabilities. […]
The Office of Foreign Assets Control (OFAC) is pivotal in safeguarding US national security and foreign policy objectives by enforcing economic and trade sanctions against targeted individuals, entities, and jurisdictions. One of the key tools in OFAC’s arsenal is the […]
In 2023, the rising complexity of financial crime led regulators to increase the penalties imposed on financial institutions (FIs) for insufficient anti-money laundering (AML) controls. As a result, the top penalties for non-compliance almost doubled in value. In this article, […]
Join our Regulatory Affairs team as they unpack the results of our global survey on what senior financial crime decision-makers believe will shape 2024.
Major national elections occur every year – but 2024 is shaping up to be of particular significance. Three of the world’s largest economies – the United States, the United Kingdom, and India – are among those set to hold votes […]
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