Artificial intelligence (AI) and machine learning (ML) systems can have a transformative effect on anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Analyzing customer risks at onboarding, monitoring transactions for indicators of suspicious activity, and maintaining up-to-date customer […]
February 17-21, 2025 marked the Financial Action Task Force’s (FATF) first plenary of the year and the second under Elisa de Anda Madrazo’s presidency. Key developments from the plenary include: Changes to the grey list. Strategic initiatives to improve global […]
From emerging financial crime typologies to upcoming areas of regulatory focus, proactive organizations across financial services are looking for ways to shape their compliance priorities for the year ahead. The State of Financial Crime 2025, our latest annual industry report, […]
Throughout 2024, financial regulators worldwide continued to demonstrate their intent to crack down on non-compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) rules. Firms that breached these regulations, including high-profile institutions with significant public profiles, were met […]
AML programs are driven by data. They rely on it to detect suspicious activities, identify potential risks, and ensure compliance with evolving regulatory obligations. But what kind of data is needed to help your compliance team see beyond the surface […]
With Donald Trump back in the White House and conflicts ongoing in Eastern Europe and the Middle East, financial institutions (FIs) can expect another consequential year for international sanctions, as explored in our State of Financial Crime 2025 report. This […]
The Asia-Pacific region (APAC) plays a hugely prominent role in global trade. Home to nine out of ten of the world’s busiest ports, the region’s shipping industry is expected to generate $3.6 trillion by 2030. With this growth, however, shipping […]
No compliance professional gets up in the morning to assess the privacy and security credentials of their RegTech vendors. Yet ensuring that data is properly stored alongside clear and effective data governance procedures are in place is an essential foundation […]
While it may seem intuitive that not all customers pose the same risk, identifying an effective way to assess and categorize these risks – and adapt to changes over time – is an ongoing challenge for compliance teams. This article […]
The financial crime risk management world is filled with products and providers that promote their data, artificial intelligence (AI) capabilities, and user interface (UI). However, our conversations with financial services customers suggest many miss the bigger picture around what these […]
For AML software vendors and customers buying RegTech solutions, the quality and capability of the API used to integrate with the platform being purchased is often an afterthought. This can lead to a poor developer experience, lengthy onboarding journeys, and […]
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