Tag: Napier AI

With regulations growing ever more stringent, RegTech is revolutionising legacy compliance platforms by infusing them with AI, automation, and cloud technology. These advancements streamline...

Artificial intelligence is changing the way banks tackle anti-money laundering (AML) compliance, but regulators have made it clear that innovation cannot compromise transparency or...

A New Era for Anti-Money Laundering For years, anti-money laundering efforts have struggled to keep pace with the very crimes they aim to prevent. Traditional...

In the fight against financial crime, two tools stand out as critical to anti-money laundering (AML) strategies: transaction screening and transaction monitoring. While often...

Sweden is at the forefront of the move towards a cashless society, with Riksbank reporting that only 10% of in-store purchases were made in...

For too long, transaction monitoring (TM) in asset and wealth management has lagged behind the benchmarks set in retail banking. But as the regulatory...

Global regulations form a patchwork quilt, each jurisdiction stitching its own rules with distinct threads of law, culture, and intent. This fragmentation burdens firms...

Australia’s financial crime watchdog, AUSTRAC, has taken a major step towards modernising its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework by publishing its Second...

The European Banking Authority (EBA) has published a new consultation outlining proposed Regulatory Technical Standards (RTS) to overhaul how anti-money laundering (AML) and counter-terrorism financing (CFT) are supervised across the EU. The proposed changes are intended to create consistency, clarity and stronger oversight across the bloc while informing the work of the new Anti-Money Laundering Authority (AMLA).

The Financial Action Task Force (FATF) has updated its list of monitored jurisdictions, adding Bolivia and the British Virgin Islands (BVI) to its grey list while removing Croatia, Mali and Tanzania.