Tag: Sanctions screening
OPBAS findings highlight need for stronger AML controls
RegTech provider SmartSearch has warned that anti-money laundering (AML) standards must improve across the legal and accountancy sectors following the publication of a new...
Why KYC remediation is becoming critical for banks
KYC remediation has become an increasingly important operational priority for banks as regulators intensify scrutiny of AML and KYC controls.
At its core, remediation...
How AML compliance tools are priced in financial services
Anti-money laundering compliance has become an unavoidable reality for financial institutions operating in today’s heavily regulated environment. From FinTech start-ups to global banks, firms...
FinScan teams with Nexus AML for data-first AML compliance
FinScan has partnered with Nexus AML to help regulated institutions scale data-first AML operations globally.
The collaboration is aimed at tackling one of the most...
Why KYC is shifting to continuous risk monitoring
The know your customer (KYC) market is undergoing a fundamental structural transformation, according to SymphonyAI, moving away from periodic compliance checks towards AI-driven, continuous...
AML for SMEs vs enterprises: key compliance differences
AML processes are a core requirement for any organisation operating within financial services. However, the way these compliance frameworks are implemented can differ significantly...
Building better AI: a governance framework for finance
Financial institutions racing to adopt artificial intelligence risk replicating other organisations' mistakes rather than solving their own problems.
That was one of the central warnings...
Structured payments data strengthens AML compliance
Financial institutions are facing increasing pressure to modernise payments infrastructure as global demand for instant transactions grows. Within this environment, ISO 20022 AML compliance...
SymphonyAI helps Spanish bank transform sanctions screening
A major Spanish bank has dramatically overhauled its sanctions screening operations after deploying SymphonyAI's SensaAI for Sanctions, achieving a 91.8% reduction in false positives...
$1.7m OFAC settlement exposes sanctions gaps
In late February 2026, a prominent US educational institution agreed to pay $1.72m to the US Treasury to settle allegations that it processed tuition...
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