Tag: CFT

Inadequate oversight in AML/CFT and sanctions can lead to substantial regulatory sanctions, reputational damage, and severe financial penalties.

Corporate onboarding encompasses processes critical for meeting regulatory demands, including AML compliance and thorough business verification to prevent financial crime.

Nasdaq Verafin has introduced significant advancements to its artificial intelligence (AI)-based Targeted Typology Analytics.

The IMF has emphasized the critical role of AML and CFT policies in maintaining the stability of the international financial system and economies worldwide.

The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.

Financial institutions and regulated entities across Malaysia are gearing up for the nation’s fifth mutual evaluation by the FATF, scheduled for 2025.

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

Compliance officers in the asset management sector are pivotal, often having to juggle multiple responsibilities.

The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).

The effectiveness of anti-money laundering (AML) and combatting the financing of terrorism (CFT), is not solely reliant on the initial design, but also comes from the adaptability and responsiveness to evolving risks.