Tag: Financial Crime Compliance

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs.  According...

Unlocking AML capabilities: How graph databases revolutionise financial crime detection

Napier AI has announced the appointment of Warren Zafrin as its new chief technology officer (CTO).

The global financial landscape is increasingly plagued by the complexities of financial crime compliance. As the severity of global money laundering grows, major financial...

In the rapidly evolving landscape of digital payments, the traditional methods of financial crime prevention are proving inadequate. NextGen Client Screening is revolutionizing this arena by integrating advanced automation and configurable systems, aiming to concentrate Financial Crime Compliance (FCC) teams on truly high-risk activities.

The landscape of financial crime compliance is rapidly transforming. Amidst political upheavals and technological advancements, the cost of compliance has become an integral part...

In the evolving banking sector, improving customer experience is pivotal. According to industry insights, 85% of financial crime compliance executives are now prioritising customer experience.

The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.