Tag: financial crime prevention

KYC Portal has launched a new feature aimed at enhancing compliance workflows by allowing users to create pre-defined search lists, offering a more efficient...

Renewing sanctions and Politically Exposed Persons (PEP) contracts is a critical component of staying compliant in the fast-evolving regulatory landscape. As financial institutions navigate...

Traditional KYC processes are increasingly struggling to keep pace with the demands of modern financial services. However, the rise of AI and ML is...

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.

Responsible AI encompasses the ethical development and application of artificial intelligence, prioritizing transparency, fairness, and legality across its operations. For the financial sector, this means deploying AI technologies that are not only efficient but also equitable and devoid of biases, ensuring that individual rights are respected throughout their lifecycle.

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...