Tag: Napier AI

Napier AI, a RegTech company specialising in financial crime compliance, has announced the appointment of Noel King as its new CTO. According to Business Cloud,...

Australia has taken a significant step in tightening its anti-money laundering regime with the passage of the AML/CTF Amendment Bill in November 2024. The reforms aim to enhance enforcement against financial crime and bring the country closer in line with global standards set by the Financial Action Task Force (FATF).

Traditionally centred on retail banking, AML scrutiny now extends to fast-paced trading environments, where thousands of cross-border and high-frequency transactions occur every second.

Sanctions compliance is becoming harder to manage as geopolitical tensions rise and regulatory pressure grows. Financial institutions are struggling with legacy screening systems that...

As financial crime compliance becomes increasingly complex, many banks continue to rely on outdated anti-money laundering (AML) systems, choosing to layer new technology over...

Artificial intelligence has firmly embedded itself in financial services, transforming compliance functions in ways unimaginable a decade ago. It promises smarter risk detection, operational efficiency, and faster insights. But with these opportunities come new regulatory challenges, ethical concerns, and the growing threat of AI-powered crime.

The UK’s recently announced £121 million investment in quantum technology marks a timely and strategic move in the evolving fight against financial crime. The Napier AI / AML Index found that money laundering costs the global economy $5.2 trillion USD annually.

Recent lobbying from large US banks has ignited a heated public debate over an unlikely flashpoint: anti-money laundering reporting thresholds. Michael Joseph, Product SME...

The Financial Crimes Enforcement Network (FinCEN) has recently issued a pivotal final rule that mandates registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish comprehensive anti-money laundering (AML) and countering the financing of terrorism (CFT) frameworks under the Bank Secrecy Act (BSA).

While the integration of artificial intelligence (AI) in anti-money laundering (AML) processes promises enhanced efficiency, the assumption that AI lacks bias because it isn't...