Tag: CFT

The European Banking Authority (EBA) has published a new consultation outlining proposed Regulatory Technical Standards (RTS) to overhaul how anti-money laundering (AML) and counter-terrorism financing (CFT) are supervised across the EU. The proposed changes are intended to create consistency, clarity and stronger oversight across the bloc while informing the work of the new Anti-Money Laundering Authority (AMLA).

The Financial Action Task Force (FATF) has updated its list of monitored jurisdictions, adding Bolivia and the British Virgin Islands (BVI) to its grey list while removing Croatia, Mali and Tanzania.

The Monetary Authority of Singapore (MAS) is introducing key updates to its AML/CFT framework, effective 30 June 2025. These changes will impact a wide range of financial institutions and VCCs, including banks, insurers, trust companies, and digital asset providers.

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.