Tag: financial crime

When it comes to navigating the challenges of economic crime, establishing a threat matrix can be a key way to steady the ship.

Global bank ING and data analytics software company Quantexa have announced a strategic partnership.

The Financial Conduct Authority (FCA), the UK's principal financial regulator, sent a pointed "Dear CEO" letter on 16 March 2023. Austrlian RegTech company Arctic...

Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.

The escalation in compliance failures associated with managing financial crime risks has accentuated the need for regulated businesses to bolster their strategies. The evolution of the risk landscape, marked by the increasing sophistication of criminal networks employing innovative money laundering techniques, raises the stakes for regulatory compliance in 2023.

Global identity verification provider Veriff has partnered with RegTech firm Salv to strengthen the fight against financial crime.  

Resistant AI, a fraud and financial crime prevention services provider, has partnered with financial crime company Client Fabric Tech.

In the face of current economic tribulations, companies are tightening their belts, seeking value in every pound spent. At the same time, criminal activity, particularly financial crime, escalates during such precarious times, amplifying the demand for effective and resilient financial crime mitigation programmes.

Key AML and FinCrime statistics 2022: • Global investment dropped 43% in 2022 from 2021 • UK investment increased more than three-fold in 2022 (from 2021)...

Eventus has announced the broad introduction of Validus AML (VAML) to aid companies in finance and digital assets combat financial crime.