Tag: CFT

As financial crime grows more sophisticated and regulatory demands intensify, many organisations still rely on Excel to manage risk assessments. While familiar and flexible,...

Customer Risk Ratings (CRRs) have long been integral to anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. According to Consilient, despite their importance, many financial institutions...

In the intricate world of financial crime risk assessments, compliance, and technological measures often take precedence. According to Arctic Intelligence, however, understanding the cultural...

Synctera, a leading provider of banking-as-a-service (BaaS) and embedded finance solutions, has secured $15m in fresh funding.

The FATF has placed significant emphasis on the revision of Recommendation 16, known as the "Travel Rule," in response to the evolving landscape of payment technologies.

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.

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.