Tag: financial crime prevention

In 2025, the ability to effectively identify Politically Exposed Persons (PEPs) has become crucial in the financial sector's battle against money laundering and corruption. PEPs, due to their influential roles, are at higher risk of engaging in illicit activities.

Fana Sparebank has entered into a five-year strategic partnership with Tietoevry Banking, aimed at transforming its banking operations through a modern, integrated technology platform.

In the ever-evolving landscape of financial regulation, staying compliant while efficiently managing risks presents significant challenges. According to Opoint, the burgeoning sector of regulatory...

600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention 91% of firms are...

FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening...

Key Asian RegTech investment stats for 2024: Asian RegTech deal activity dropped by 35% YoY India dominated attracting 21% of all Asian RegTech deals...

Key Indian RegTech investment stats in 2024: Indian RegTech funding fell by 43% in 2024 YoY Average deal value dropped to $6m as investors...

Artificial intelligence (AI) is increasingly vital in transforming risk management within the financial industry.

Ensuring accurate name matching is a fundamental aspect of regulatory compliance, particularly in areas like KYC (Know Your Customer) and AML (Anti-Money Laundering). However, screening names across different languages and scripts presents a significant challenge. To address these complexities, IMTF partnered with Babel Street to enhance precision in name matching and reduce compliance risks.

In the complex landscape of financial crime prevention, MLRO's stand as pivotal figures within financial institutions.