Flagright launches AI forensics tool to revolutionize AML compliance
Flagright, a leader in the RegTech sector, has reaffirmed its commitment to advancing AML compliance with the launch of AI Forensics.
Are regulatory constraints hindering machine learning development?
A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.
Australia’s Treasury unveils sustainable finance strategy
The Australian Treasury recently unveiled a progressive strategy to bolster the movement of private capital towards a net-zero economy.
Microsoft discloses potential weakness that exposed customer data
For the better part of December, a Microsoft database containing customers’ private information was exposed to the internet.
Accelerating KYC automation: Key insights from industry leaders
A recent roundtable discussion hosted by Encompass Corporation has offered valuable perspectives on the evolving KYC landscape.
Airbnb to clampdown on unregistered rentals after a $9.6m fine from Paris court
Paris Court has fined Airbnb, the home-sharing giant to pay $9.6m for allowing over 1,000 listings to flout rules to register their rentals.
ACA Group launches outsourced solution for performance metrics and reporting
ACA has launched a new offering that enables investment firms to outsource their performance measurement and reporting functions.
AML in the digital age: Key practices for financial services and beyond
In the rapidly evolving landscape of financial compliance, Anti-Money Laundering (AML) checks stand as a critical component within the Customer Due Diligence (CDD) framework.
How firms can navigate transaction monitoring during a recession
During a recession, it is common for everything to get a little harder. For compliance teams however, facing lower resourcing with increasing crime can be a fierce time.
Why compliance teams need to focus on transaction monitoring
Payment fraud is accelerating rapidly. A report from Merchant Savvy found that payment fraud tripled from $9.8bn in 2011 to $32.4bn in 2020. This is then expected to reach $40.6bn by 2027.
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