Tag: moody’s

The FATF has placed significant emphasis on the revision of Recommendation 16, known as the "Travel Rule," in response to the evolving landscape of payment technologies.

The recently implemented CS3D established by the European Commission on July 25, 2024, mandates a radical shift in how financial institutions handle their operations and global value chains.

The UK Home Office has issued guidance pertaining to the newly introduced offence of failure to prevent fraud by the Economic Crime and Corporate Transparency Act 2023, set to be enforced in nine months.

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...

Whilst its existence in the industry has been known for countless years, the impact and use of AI in financial services has ramped up...

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.

In today's rapidly evolving digital world, the fight against financial crime networks demands both vigilance and innovation.

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.

Sextortion is rapidly becoming a significant online threat, especially to teenagers, predominantly teenage boys.

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.