In 2023, the rising complexity of financial crime led regulators to increase the penalties imposed on financial institutions (FIs) for insufficient anti-money laundering (AML) controls. As a result, the top penalties for non-compliance almost doubled in value. In this article, […]
From managing PEPs to regulating AI, the State of Financial Crime 2024 is packed with insights from our annual survey of 600 senior financial crime decision makers.
Join industry experts and a law enforcement professional for an exclusive look into the latest developments in AML regulations, new AML typologies and trends. They will share proactive risk management strategies to help compliance leaders navigate the financial crime landscape.
Founded in 2014, Banxa is a leading infrastructure provider enabling businesses to embed cryptocurrency infrastructure into their platforms. Having processed billions of dollars in transactions, Banxa plays a vital role in onboarding companies and users to crypto through an extensive […]
Read our guide to discover how organisations are planning to invest in technology in the future – and where they still rely on human expertise to improve their compliance programs.
As insurtechs grapple with managing their rapid expansion, one important question relates to their financial crime compliance obligations. This can be challenging for insurtechs as they consider their growth agenda – What should be prioritized? How will regulations change? What […]
Over the last decade, the rapid rise of new digitally-based insurtech firms has disrupted an industry long dominated by a select group of incumbent providers.
Ambiguity around insurtech’s anti-money laundering (AML) and fraud obligations – alongside inconsistent enforcement – has added further complexity.
Although insurtechs bring innovation, efficiency, and convenience to the insurance market, they are not exempt from the critical need to address financial crime risks and regulatory requirements. Customers expect an efficient, automated experience from online-first organizations like insurtechs, which means […]
The fourth 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 October 25-27, 2023. We’ve summarized the key developments – read on or click below […]
Atlanticus is a technology company that enables banks, retailers, and healthcare providers to offer more inclusive financial services including loans and credit cards. A core part of Atlanticus’ business portfolio is the two credit card brands it supports, Aspire and […]
The US real estate sector is one of the largest in the world, with an estimated value of $113.6 trillion in 2023. As such, its unsurprising that US authorities have expressed concerns about the role of illicit finance in high-end […]
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