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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 […]
7 minute read
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, […]
7 minute read
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. […]
8 minute read
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 […]
7 minute read
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 […]
6 minute read
Money launderers and those involved in other types of financial crime often leverage businesses to channel and disguise the proceeds of crime. To protect themselves and comply with regulations, businesses must understand and implement the core principles of anti-money laundering […]
6 minute read
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 […]
5 minute read
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 […]
7 minute read
In 2023, the combined global value of open banking payment transactions stood at $57 billion. However, according to Juniper Research, this figure is expected to soar to $330 billion by 2027. As financial systems become more interconnected, businesses are experiencing […]
5 minute read