Tag: moody’s
How to build a robust framework for sanctions risk management
The world of international politics is fraught with unpredictability, where sudden changes in foreign relations can usher in swift and expansive sanctions regimes. According to...
Is AI helping improve the risk assessment process?
Whilst its existence in the industry has been known for countless years, the impact and use of AI in financial services has ramped up...
The essential guide to Know Your Business verification processes
KYB, or Know Your Business, is an essential process for businesses engaging with other companies. It serves as the backbone of safe, compliant third-party relationships, enabling firms to assess and manage potential risks before formalizing business agreements.
Harnessing AI and data integrity in fighting financial crime
In today's rapidly evolving digital world, the fight against financial crime networks demands both vigilance and innovation.
Bridging gaps in financial crime prevention with advanced data tools
A huge sum of $800bn to $2trn is laundered annually around the world, as per the United Nations Office on Drugs and Crime, accounting for 2-5% of global GDP.
From threat to prevention: Addressing the surge in global sextortion scams
Sextortion is rapidly becoming a significant online threat, especially to teenagers, predominantly teenage boys.
Moody’s unveils Russian nexus data to aid EU institutions in sanctions...
As of July 2024, credit and financial institutions within the EU are mandated to adhere to stringent reporting requirements for transactions associated with Russian ownership, as detailed by the European Commission.
Moody’s and Elliptic enhance VASP screening with integrated data solutions
Moody’s and Elliptic have announced a strategic partnership aimed at revolutionising virtual asset service provider (VASP) screening.
Strengthening supply chain scrutiny under Australia’s new slavery laws
Modern slavery continues to deeply impact economies worldwide. A 2024 report by the International Labour Organization highlights a disturbing increase in profits from forced labour, which now total an estimated $236bn annually—a 37% jump since 2014.
Moody’s launches GenAI-powered Early Warning System for CRE risk management
Moody’s, a global leader in risk assessment and credit rating, has launched a new product aimed at transforming commercial real estate (CRE) portfolio management.