Tag: regulatory compliance

Money laundering is the process of disguising the proceeds of criminal activity as legitimate funds in an effort to conceal their illicit origin.

Know Your Business (KYB) is a crucial process for verifying business entities during the onboarding phase, aimed at understanding risk factors, financial health, creditworthiness, and beneficial ownership.

The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).

The financial sector, including banks, payment firms, FinTechs, and wealth and asset managers, faces significant challenges in interpreting regulatory guidance and converting it into...

As the Nordic leader in building exterior services, Fasadgruppen is significantly enhancing building energy efficiency. With over 50 subsidiaries, the organisation has faced the daunting task of meeting the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). Adrian Westman, Head of Sustainability, offers insights into their approach.

In the age of enhanced due diligence, knowing your customer has evolved from a simple onboarding task to the lifeblood of a compliant, modern...

Aeropay, a leading provider of Pay-By-Bank solutions for businesses, announced $20m in Series B financing.

Key Middle East FinTech investment stats in Q1 2024: • FinTech deal activity in the Middle East reached 24 funding rounds in Q1 2024, a...

In the ever-evolving landscape of regulatory requirements, businesses are compelled to reassess how they manage compliance and conduct risks. A proactive approach is necessary, not only to understand the regulations but to anticipate their impacts on operations. Implementing a standardized methodology supported by AI allows businesses to prepare for regulatory changes effectively, ensuring compliance is both consistent and scalable.

Linnovate Partners, an innovative leader in asset servicing and FinTech for the alternative investment sector, has successfully closed a $40m investment commitment from SeaTown Private Capital Master Fund.