Sanctions

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.

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 […]

If you’ve found this article, the chances are you’re looking for: Politically exposed person (PEP) and sanctions screening software to improve your efficiency and accuracy. A quick comparison of the top available solutions. A clear list of features.  This article […]

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.

Automated sanctions screening is a crucial process used by financial institutions (FIs) and organizations to identify individuals, entities, and transactions that may be subject to economic sanctions or restrictions imposed by governments or international bodies. It involves the use of […]

Following a recent review of the country’s sanctions screening programs, the Philippines Anti-Money Laundering Council (AMLC) issued guidance highlighting key gaps, deficiencies, and opportunities for regulated firms. Improving compliance will be a key priority for the country as it seeks removal from the Financial Action Task Force (FATF) grey list by January 2024.

By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.

2022 was a year defined and shaped by sanctions on an unprecedented scale. Following Russia’s invasion of Ukraine on February 24, the most comprehensive sanctions were imposed against a major power since the end of the Second World War, with the US, European Union (EU), and others coordinating their actions in new ways.

  

The war in Ukraine has triggered global sanctions and embargoes on an unprecedented scale. With Western countries increasingly keen to avoid direct military confrontations, the ability to impact the economies of ‘aggressors’ has become an important diplomatic tool.  The growing […]

Years of economic and political instability have resulted in tighter sanctions being placed on Venezuela by most of the major countries that issue sanctions. A decades-long over-reliance on oil reserves and widespread political corruption are but two long-standing contributors to […]

This report takes a look at the evolution of the current international sanctions environment, and the key issues in sanctions today: the key regimes, underlying geopolitical risks, sanctions evasion, and the development of national policy in some of the key regimes, national perspectives, and thematic trends.