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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…
5 minute read
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,…
9 minute read
The arrival of instant payment schemes like SEPA Instant Credit Transfers and services such as FedNow has reshaped the payments landscape. In the EU alone, real-time payment transactions are projected to reach 34.2 billion by 2027, up from 13.2 billion…
9 minute read
For most regulated financial institutions (FIs), payment screening is the sanctions interception layer of the compliance program. It checks the parties to a payment against global sanctions lists at the moment of execution and blocks anything that matches. Recent regulation…
6 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