Tag: AML

The value of AML fines is falling as regulators turn their attention to cryptocurrency, according to a study by RegTech firm Kroll.

NICE Actimize has launched its X-Sight Entity Risk SaaS solution, which produces a single risk score that enables a financial institution to get a deeper understanding of clients.

In a new webinar series, Alessa explores the various elements of customer risk. In its latest one, it examines how firms can assess products and services, activity patterns and behaviours to uncover illicit activity.

Spanish neobank Rebellion Pay has chosen Sentinels, a transaction monitoring and client risk management platform, to bolster its AML compliance monitoring and risk profiling functions.

German RegTech Hawk AI has partnered with IXOPAY, a payment orchestration platform, to provide the former clients with a better fraud prevention offering.

The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.

German RegTech HAWK:AI has teamed with amnis, a payment platform for SMEs, to strengthen the latter’s AML capabilities ahead of its imminent geographical expansion.

Money laundering and modern slavery may not seem to have many clear connections at first glance. However, there is more than meets the eye on this topic.

A recent report from Alessa by Tier1 Financial Solutions has underlined the key trends to watch out for in AML compliance in 2022.

As pressures continue to rise for financial institutions to meet mounting anti-fraud regulatory requirements, dynamic risk assessments will become more vital.