Tag: AML

Moody's Analytics recently outlined how Germany's new financial crime office will face big challenges when it opens next year. 

The rise of the digital age has brought a plethora of growth opportunities for FinTechs and non-banking financial institutions (FIs). However, many of these entities find themselves ill-prepared to harness these potential gains fully.

Generali Investments Holding, a powerhouse in the world of asset management with over €504bn assets under management (AUM), has chosen to partner with Fenergo, the industry leader in digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM).

AirPak has recently announced a new partnership with ThetaRay, a front-runner in the world of AI-driven transaction monitoring systems.

Flagright, a provider in AML compliance and fraud prevention, has ushered in a partnership by welcoming Banked as its latest customer.

In a move to fortify its AML mechanisms, Singapore is establishing an inter-ministerial committee to safeguard its financial systems.

It has been uncovered European financial institutions could each endure up to £1m in compliance costs with the impending AML legislation.

Established on 8 August 1967, the Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organisation consisting of ten countries in Southeast Asia. With the overarching goal of promoting political and economic cooperation and regional stability, ASEAN has been instrumental in fostering collaboration and integration among its member states.

Alessa recently took the time to provide a full guide to suspicious activity reports and anti-money laundering measures.

DWS Investment Management Americas has been charged by the SEC in two separate enforcement actions leading to a settlement $25m.