Knowledge & Training

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. How respected third parties […]

If you’ve found this article, the chances are you’re looking for: Politically exposed person (PEP) and sanctions screening software to improve your efficiency and accuracy. A quick comparison of the top available solutions. A clear list of features.  This article […]

As insurtechs grapple with managing their rapid expansion, one important question relates to their financial crime compliance obligations.  This can be challenging for insurtechs as they consider their growth agenda – What should be prioritized? How will regulations change? What […]

Although insurtechs bring innovation, efficiency, and convenience to the insurance market, they are not exempt from the critical need to address financial crime risks and regulatory requirements. Customers expect an efficient, automated experience from online-first organizations like insurtechs, which means […]

Like other member countries of the Financial Action Task Force (FATF), Australia’s KYC requirements comprise a core part of the country’s anti-money laundering and combatting terrorist financing (AML/CTF) regime. Australia’s KYC requirements are aligned with the FATF’s standards, ensuring firms […]

Multiple types of fraud have a nexus with the real estate sector, but most involve a combination of impersonation and the use of false information. With economic volatility and geopolitical uncertainty fuelling a rise in financial crime, real estate fraud […]

If you’ve found this article, the chances are you’re looking for: A transaction monitoring solution that’s scalable, efficient, and powerful. A quick comparison of the top available solutions. A clear list of features.  This article summarizes six top transaction monitoring […]

In our 2023 State of Financial Crime report, 99% of senior compliance professionals said they use AI to enhance transaction monitoring. Yet deficient technology is still contributing to inadequate financial crime risk management. For example, in August 2022, New York’s […]