Tag: Compliance

The 2024 1LoD Surveillance Benchmarking Survey & Report, featuring insights from over 30 leading global banks, has highlighted the pressing need for banks to update their call surveillance practices. Sponsored by Wordwatch, the report outlines the operational and financial risks associated with maintaining multiple legacy systems.

In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.

Is your financial institution overlooking its greatest asset? In today’s competitive market, many companies undervalue the role of compliance.

Moody’s has launched a sanctioned securities screening capability aimed at enhancing investment decision-making workflows.

BankTech Ventures, a strategic investment fund redefining the landscape of community banking through innovative investments, has announced its recent investments in three bank-enabling technology...

The SEC and CFTC have charged multiple Wall Street firms with widespread recordkeeping failures, imposing staggering penalties exceeding $2.5bn.

The Integrated Reporting Framework (IReF), an initiative by the ECB, aims to streamline banks’ statistical reporting processes across the Eurozone.

In the ever-evolving landscape of financial crime, Australian institutions face a dynamic and challenging environment, according to Napier AI. 

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).

US-based FinTech firm Ballerine is making waves in the FinCrime space for its pioneering approach to assessing businesses and merchants legitimacy. Founded in 2022,...