Tag: FATF

As financial institutions double down on efforts to detect money laundering and fraud, automated systems have become indispensable to AML operations. Yet these tools...

KYC Portal CLM has unveiled a powerful new feature designed to give compliance teams deeper control over client data: the Field-Level Audit Trail. This latest tool brings precision auditing capabilities to individual fields within onboarding and company forms, allowing teams to instantly track the full history of any change at the click of a button.

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

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This...

Money laundering remains a significant threat to financial systems worldwide, not only as a crime in itself but also as a key enabler of serious criminal activities such as drug trafficking, human smuggling, and terrorism. Consequently, it is critical for all businesses handling substantial sums of money to implement robust AML procedures.

Money laundering is a serious global issue that enables grave crimes such as drug trafficking, human smuggling, and terrorism. For businesses handling significant financial...

In 2024, over $3.1 trillion of illicit funds circulated globally, with money mules playing a pivotal role in disguising these transactions. Identifying these mules...

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

In recent years, the international community has intensified sanctions against Russia and Belarus, with the European Union, UK, US, and other G7 countries expanding multilateral sanctions.

Australia's financial crime compliance framework is set for significant updates as the Australian Transaction Reports and Analysis Centre (AUSTRAC) rolls out a new set...