Organized crime groups (OCGs) are constantly evolving, using sophisticated methods to exploit global markets, weaken regulatory frameworks, and launder illicit proceeds. From environmental crime to cybercrime, these groups are diversifying their activities, making it harder for firms to detect and […]
Electronic gaming machines (EGMs), colloquially known as ‘pokies,’ are hugely profitable for the Australian gambling industry. Although the country is home to less than one percent of the global population, research estimates it has around 18 percent of the world’s […]
The KYB market is ripe for disruption, as our Chief Revenue Officer, Paul Kizakevich, notes: “Feedback from customers on the Detected KYB offering has been outstanding. It’s clear that, like us, they believe the Detected team is changing the game […]
The emphasis every anti-money laundering (AML) vendor seems to place on artificial intelligence (AI) has increased the risk of “AI-washing,” where companies exaggerate or misrepresent their technical capabilities – something that is attracting growing scrutiny from regulators. A central concern […]
Payment screening is crucial to any financial institution’s (FI) anti-money laundering and countering the financing of terrorism (AML/CFT) compliance program. But when a major social media platform makes headlines for alleged screening failures or a major FI receives a substantial […]
Just as an engine requires high-grade, contaminant-free fuel to optimize performance, anti-money laundering (AML) systems rely on accurate, complete, and timely data to effectively detect suspicious activities. Without quality data, even the most sophisticated compliance systems are vulnerable to inefficiencies, […]
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. […]
