Tag: Corruption

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

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system...

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering (AML) compliance software, emphasises the critical importance of accurately identifying and screening PEPs before any business engagement.

The IA, a regulatory body overseeing the insurance sector in Hong Kong and the ICAC have entered into an agreement.

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Fenergo FinTalks podcast has released its latest episode where it aims to offer the newest insights into the world of RegTech, compliance, and anti-money laundering (AML).

Chinese authorities have warned the country’s top bankers that the crackdown on the industry ‘is far from over’ in a recent private meeting.

Bribery and corruption are two sides of the same coin. Often, public officials who accept bribes are usually considered corrupt, as are organisations that attempt to bribe.

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.