Skip to main content Skip to navigation

The State of Financial Crime 2024: Download our latest research

Retail Banks

If you’ve found this article, the chances are you’re looking for: Anti-money laundering (AML) software that’s designed for banks A way to quickly tell what differentiates leading solutions. A straightforward list of features and use cases.  This article summarizes the […]

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 […]

An enterprise-wide risk assessment (EWRA) brings a harmonized approach to the types of risk an organization faces. For banks, in particular, an EWRA involves the financial institution identifying threats, critical risks, and impacts that should be considered to manage risks […]

As the regulatory and enforcement focus on money laundering and related financial crimes intensifies, adverse media screening can add immense value for banks. Effective adverse media screening demonstrates a bank’s strong commitment to responsible compliance and can result in substantial […]

Banking professionals understand the importance of their companies’ reputations. Research by media communications specialists Weber Shandwick found that global executives attribute 63 percent of their company’s market value to its reputation. Yet, unexpected events and resulting bad news can quickly […]

At the heart of all anti-money laundering and terrorist financing (AML/TF) regulation is the risk-based approach (RBA). The RBA recognizes that the risk profile of a bank’s customers varies widely and thus risk mitigation measures need to be proportionate. While […]