Tag: financial crime

Fraud monitoring has shifted from a discretionary control to a core prudential and conduct requirement across every major regulatory jurisdiction. Financial institutions that fail...

As financial institutions expand their use of artificial intelligence, a persistent question keeps resurfacing in anti-money laundering (AML) circles: does the requirement for explainability...

Financial services once moved through channels that were easy to watch: branches, telephone banking, card networks and conventional payment rails. Compliance teams could monitor...

Regulatory heat is intensifying across South Africa's financial sector, and headline-grabbing AML fines are only part of the story. A multi-million-rand penalty makes for...

The Bank of Thailand, the country's central monetary authority responsible for overseeing financial stability and payments infrastructure, is preparing to roll out a sector-wide...

Politically Exposed Person (PEP) screening is the process compliance teams use to determine whether a customer, counterparty or beneficial owner holds a public position...

Static, rule-based fraud detection is becoming a liability for growing FinTechs, flagging legitimate customers as often as it catches genuine criminals. According to SmartSearch,...

Fenergo has been chosen by Ninety One, the global investment manager overseeing £184bn in assets under management, to underpin a major digital transformation of...

FinScan, an Innovative Systems solution and provider of AML and sanctions compliance technology, and Quantifind, a provider of AI-powered financial crime and national security...

Investment firms have long sold trust as their core product, but generative AI is now testing that promise from every angle. According to ComplyAdvantage,...