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The State of Financial Crime 2024: Download our latest research

Knowledge & Training

The fourth 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. A straightforward list of features and use cases.  This article summarizes the […]

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, […]

While politically exposed persons (PEPs) may transact with banks exactly the way typical clients do, regulators around the world expect firms to manage PEPs with a higher degree of scrutiny. This article will take a closer look at: Who can […]

Fraud detection and prevention are two of the most critical competencies in banking today. The ground reality for banks today is that firms will be dealing with thousands of fraud attempts every single month. And should a criminal succeed, the […]

In banking, know your customer (KYC) refers to the series of mandatory processes necessary to identify who a given client is when they’re opening an account so that the bank can confirm they are who they say they are. Even […]

Sanctions screening helps banks prevent sanctions violations by screening customers and their transactions for sanctions list matches. This allows them to remain compliant with international sanctions, avoid penalties, and help protect the national security of the countries in which they […]

If you’ve found this article, the chances are you’re looking for: Adverse media screening software to reduce your reliance on manual processes when onboarding and monitoring customers. . A way to quickly compare the top available solutions. A straightforward list […]