Tag: financial crime

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

In today’s digitally-dominated era, the benefits of swift and easy electronic transactions have become deeply ingrained in our daily activities. The simplicity of online shopping, card payments at dining outlets, and instant stock trading via our mobile devices epitomises modern financial convenience.

AI and AFC: Embracing the new era in financial crime prevention Whether you're just stepping into the world of AI or you're familiar with its intricacies, Resistant AI & Fintrail invite you to dive deep into understanding how AI is poised to redefine the future of financial crime prevention.

With financial crime and fraud consistently evolving and changing, there is the regular need for the financial industry to keep pace with it.

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing...

The European Commission has recently joined hands with Moody's Analytics to overhaul its anti-fraud operations.

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm. 

Flagright recently shone a light on the topic of fraud detection in FinTech, with a battle against synthetic identity theft ongoing.