Tag: AML/CFT

In a move to modernize AML/CFT frameworks, the U.S. Department of the Treasury's FinCEN has unveiled a proposal under the Anti-Money Laundering Act of 2020.

In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.

Money laundering continues to pose a significant challenge in Asia, exacerbated by the diverse economic landscapes, fragmented regulatory frameworks, and intricate financial systems.

In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union. 

Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.