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Each year brings a host of consequential new anti-money laundering (AML) regulations, and 2024 is no exception. Various regulators plan a raft of reforms with significant consequences. We’ve selected five key changes for this article – due to the global […]
4 minute read
The fifth Financial Action Task Force (FATF) plenary under the two-year Singapore Presidency of T. Raja Kumar took place at the FATF headquarters in Paris on February 21-23, 2024. We’ve summarized the key developments: Changes to the grey list. Increasing […]
8 minute read
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 […]
6 minute read
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 […]
9 minute read