Knowledge & training

Build, optimize, and scale your PEP screening program.

The arrival of instant payment schemes like Single Euro Payments Area (SEPA) Instant Credit Transfers (ICT), and services such as FedNow, is changing the payments landscape. In the EU alone, the instant payments market is expected to grow to €34.2 […]

Despite the additional complexities introduced by new regulations and real-time payment rails, customers increasingly expect instant payments and seamless banking experiences as the norm. This puts compliance officers in the eye of a perfect storm: How do they facilitate the […]

The introduction of new regulations and real-time payment rails has created challenges for cross-border payments firms looking to grow their business. The payments industry in the UK is adjusting to the new reality of APP fraud reimbursement, while in Europe, […]

Corruption is a pervasive issue that transcends borders and impacts economies, governance, and society. As the World Bank states, “Corruption hinders economic development by reducing domestic investment, discouraging foreign direct investment, encouraging overspending in government, and distorting the composition of […]

Despite being the second-smallest country in Europe, Monaco is considered a major international banking center. It is not a member of the European Union but uses the euro through a monetary union with France that was established in April 1945. […]

The October 2024 Plenary meeting of the Financial Action Task Force (FATF) in Paris, led by President Elisa de Anda Madrazo, concluded with several critical updates for compliance professionals, including: Completion of the FATF’s fourth evaluation cycle. Changes to the […]

The first recorded use of sanctions was in 432 BC, and while they’ve only been commonly used in their current form for several decades, the fundamentals of how they’re applied haven’t changed.  Yet technological advances have reshaped the world around […]

This article was originally published by UK Finance in July 2024.   In my discussions with compliance leaders across leading financial institutions (FIs) this year, a recurring theme has been managing politically exposed persons (PEPs) and their associated data. With […]

The international sanctions landscape continues to evolve at pace, with new designations constantly coming into effect: the US alone made 2500 additions to its primary sanctions list in 2023. In this ever-evolving environment, financial institutions (FIs) and other regulated businesses […]

Named by the Council of Europe as one of the most recurrent predicate offenses of money laundering, corruption is considered one of the greatest threats to economic development and good governance. For this reason, it was also listed as a […]

In February 2024, the European Parliament issued new regulations to ensure financial transactions reach their recipients instantly across the European Union. The new rules update certain regulatory requirements for banks and other types of payment service providers (PSPs). In addition […]