Tag: Alessa

Artificial intelligence (AI) is redefining the way financial institutions detect and prevent money laundering. With the United Nations estimating that criminals launder up to $2tn...

HSBC’s Swiss private bank is winding down relationships with more than 1,000 ultra-high-net-worth clients across the Middle East after classifying many of them as...

It is easy to get swept up in the power of AI and believe its word is gospel. The technology has quickly evolved into a powerful tool that can efficiently automate various workflows, appearing seemingly perfect. However, while it might be correct most of the time, there is still a big gap for mistakes to be made.

Healthcare fraud continues to escalate, posing significant challenges to both the financial health of medical institutions and the trust patients place in healthcare providers....

Renewing sanctions and Politically Exposed Persons (PEP) contracts is a critical component of staying compliant in the fast-evolving regulatory landscape. As financial institutions navigate...

In the complex landscape of financial crime prevention, MLRO's stand as pivotal figures within financial institutions.

It is expected there is going to be substantial growth in the RegTech market over the next few years. Recent research found the sector...

As we begin 2025, we can look back at 2024 as another transformative year for the RegTech sector.

Cash remains a preferred tool for money launderers in real estate. High-value property purchases made entirely in cash are particularly risky, as they enable criminals to avoid the scrutiny typically applied to transactions processed through traditional financial systems.

KYT serves as a crucial safeguard within the financial sector by monitoring and analysing financial transactions to spot unusual or potentially illicit activities. According to...