Tag: KYC

KYC Portal has introduced its Self Check-In module, a new capability that enables users to trigger manual identity verification (ID&V) requests directly from the...

Creating an effective AML compliance culture has become increasingly difficult in an environment saturated with content, much of which has weakened the perceived value...

Financial crime prevention is undergoing a major shift as instant payments, rising transaction volumes and increasingly sophisticated criminal methods expose the limits of traditional...

Trade-based money laundering (TBML) has become one of the most challenging threats facing the financial system, as illicit funds can be hidden behind legitimate...

For years, financial crime compliance has operated under a static, rules-based model that once served banks well. These systems flagged transactions that crossed predefined thresholds,...

Cybercrime is escalating at a pace that matches the speed of digitalisation, placing both consumers and institutions at constant risk. From bank account breaches to...

The financial sector faces growing challenges as criminals exploit the scale and speed of modern banking. Traditional systems that rely on fixed rules can...

When a financial institution mis-sells a financial product, the consequences can be severe—sometimes even leading to a licence revocation. This scenario recently unfolded in Oman,...

A single consent order can dramatically change the direction of a bank’s compliance programme. For many institutions, this enforcement measure represents a pivotal moment...

SymphonyAI has introduced Sensa Risk Intelligence (SRI), a next-generation cloud-based platform designed to revolutionise financial crime prevention. The system uses predictive, generative, and agentic...