Tag: AML/CFT
FinCEN reform puts AI at the heart of AML/CFT compliance
The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) published a Notice of Proposed Rulemaking (NPRM) on 7 April, setting out sweeping...
Norbloc AB tapped for UAE’s e-KYC transformation
The Central Bank of the UAE (CBUAE), the country's primary financial regulatory authority, has announced the creation of a nationwide unified electronic Know Your...
How FinCEN’s new AML/CFT proposal leverages AI for better compliance
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.
Streamlining compliance: The role of advanced client screening in RegTech
In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.
Advancing KYC technologies to curtail financial crimes in Asia
Money laundering continues to pose a significant challenge in Asia, exacerbated by the diverse economic landscapes, fragmented regulatory frameworks, and intricate financial systems.
Money laundering concerns in the EU: EBA’s plan for boosting AML/CFT...
In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union.
Driving Financial Crime Detection: The Innovative Adoption of RegTech Tools
Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.
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