Tag: sanctions compliance

Trade-based money laundering (TBML) has become one of the most challenging threats facing the financial system, as illicit funds can be hidden behind legitimate...

The Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC) both apply a 50% ownership threshold to determine regulatory...

The Bureau of Industry and Security (BIS) within the U.S. Department of Commerce has taken a major step towards tightening export control enforcement with...

Banks play a pivotal role in the global financial ecosystem, acting as critical intermediaries in trade and financial transactions. This central position also makes...

Compliance teams are facing unprecedented strain, with rising alert volumes, tighter regulations and limited resources. While AI copilots have provided some relief, they are...

The Federal Reserve predicted in 2022 that the benefits of instant payments would be critical for financial institutions seeking to remain competitive. That prediction...

FundApps, a regulatory compliance SaaS provider serving the investment management industry, has launched a new global Sanctions Screening Service to help firms stay ahead...

PSA Solutions has partnered with Strise to help law firms cope with stricter anti-money laundering (AML) regulations by integrating PSA’s Custodian Client Onboarding system...

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...

A fraud investigator’s workday often begins with urgency. A suspicious transaction alert can mean a customer has already fallen victim to a scam, with...