Tag: sanctions compliance

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...

The European Banking Authority (EBA) has raised concerns over growing money laundering and terrorist financing (ML/TF) risks across the EU’s financial sector, fuelled by...

As financial institutions grapple with increasingly complex geopolitical risks, sanctions enforcement is rapidly entering a new era. According to Quantifind, at the recent Sanctions...

Asset management firms worldwide are under growing pressure to ensure strict compliance with sanctions regulations or risk serious financial penalties and reputational harm. A...

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...

As the adoption of AI agents accelerates, definitions remain fragmented. WorkFusion, which introduced its first AI agents for financial crime compliance in 2022, has...

AI is rapidly reshaping how financial institutions approach financial crime compliance, with intelligent automation delivering faster, more accurate results. According to WorkFusion, it has emerged...

Global sanctions inflation may be easing, but compliance teams should brace for ongoing challenges in 2025. LSEG’s latest Global Sanctions Index (GSI), based on data to March 2025, reveals that while the growth in the number of sanctioned individuals is slowing, broader risk trends—like regulatory divergence and complexity—are likely to persist or intensify.

Sanctions compliance has traditionally relied on name-based screening and public watchlists to flag potential threats, but as financial crime tactics evolve, this approach is no longer enough.