Tag: AML regulations

Regulatory fines slapped on global financial institutions saw a staggering 88% dip in H1 2023 compared to the same period last year. This significant decline was unveiled in a report from Fenergo, the top-tier provider of digital solutions in client lifecycle management (CLM).

Digital payment pioneer, Wirex, has forged a partnership with Sumsub, a leading global full-cycle verification platform. This collaboration aims to fortify Wirex's stance in the domain of virtual asset compliance and transaction monitoring.

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.