Tag: financial crime

Artificial intelligence is no longer limited to automating simple, repetitive compliance and risk tasks. Across financial services, firms are increasingly using AI to conduct...

Human trafficking generates an estimated $236bn in illegal profits each year, with much of that money moving through financial activity that can appear entirely...

Sumsub Academy, the free training arm of identity verification and compliance platform Sumsub, has relaunched its flagship course as AML Transaction Monitoring 2.0. The programme...

Artificial intelligence has sharpened detection, cut false positives and surfaced patterns that rules-based anti-money laundering (AML) systems simply cannot see. Yet according to new analysis...

Tomoarrow, a South Korean FinTech and RegTech company, has launched an eKYC solution designed to help international users verify their identities without needing locally...

For decades, financial institutions built their compliance programmes on one core assumption: risk could be assessed on a schedule. According to Saifr, customer due diligence...

Australian regulator AUSTRAC has compelled bet365 to sign a court-enforceable undertaking after uncovering serious gaps in how the online bookmaker assesses money laundering risk...

Compliance teams often treat sanctions screening, PEP screening and adverse media screening as interchangeable checkboxes on an onboarding form. They are not. Each layer addresses...

Source of Funds compliance has spent much of the past decade as a background AML task, a box ticked on higher-value transactions rather than...

Giles Thomson, the new president of the Financial Action Task Force (FATF), has unveiled a multi-year roadmap to tackle fraud losses he says amount...