Tag: Anti-Money Laundering

Regulatory pressure intensifies for digital banks amid rising scrutiny

Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls. According to Corlytics,...

How customer type and geography define AML risks in business

Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors. According to Alessa, customer-type ratings...

Five key benefits of moving financial crime compliance to the cloud

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

How TD Bank could have avoided a $3bn compliance disaster

TD Bank has been slapped with a staggering $3bn penalty for breaches of the BSA marking a record-setting moment in U.S. financial regulatory history.

How AI is shaping the future of financial crime prevention strategies

As artificial intelligence (AI) continues to advance, its role in financial crime prevention is growing, with organisations now considering AI as a foundational element in their risk management strategies.

New Napier AI report highlights $3.13trn potential savings with AI in...

Napier AI, a pioneering RegTech firm, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.

SmartSearch bolsters executive team to lead innovation in AML solutions

SmartSearch, a UK provider of digital compliance and AML solutions, recently announced a significant expansion of its executive leadership team.

Key strategies to maximize efficiency in AML case management

In today's rapidly evolving FinTech landscape, the capacity to effectively manage a growing volume of financial transactions is paramount, particularly with the rise in digital transactions.

The essential guide to Know Your Business verification processes

KYB, or Know Your Business, is an essential process for businesses engaging with other companies. It serves as the backbone of safe, compliant third-party relationships, enabling firms to assess and manage potential risks before formalizing business agreements.

Flagright welcomes Zero Fintech as customer to pioneer sustainable digital banking

RegTech firm Flagright has welcomed Zero Fintech, a climate-conscious finance app, as its newest customer. 

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