Tag: Sanctions screening

Financial institutions have long prioritised improving compliance and enhancing customer experience when onboarding individual clients, a process known widely as KYC (Know Your Customer). According...

Between $800bn and $2tn is laundered globally each year, placing immense pressure on financial institutions to deploy robust transaction screening and monitoring systems. When...

An Australian financial institution with approximately one million customers across Australia and New Zealand has significantly improved its anti-money laundering (AML) processes through the deployment of SymphonyAI's technology.

Navigating regulatory compliance remains one of the most challenging tasks for businesses operating today, especially in the UK. Companies are under increasing pressure to...

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

The banking sector is facing growing challenges around managing overwhelming volumes of alerts in both security operations centres (SOCs) and financial crime compliance (FCC)...

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.

Fincom, a RegTech company specialising in anti-money laundering (AML) compliance and sanctions screening, has raised new capital in a Series B funding round.

New research from LSEG reveals that financial institutions and designated non-financial businesses and professions (DNFBPs) are increasingly struggling to manage compliance risks due to...

As financial crime compliance becomes increasingly complex, many banks continue to rely on outdated anti-money laundering (AML) systems, choosing to layer new technology over...