Tag: Sanctions screening

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As financial crime compliance becomes increasingly complex, many banks continue to rely on outdated anti-money laundering (AML) systems, choosing to layer new technology over...

Artificial intelligence has firmly embedded itself in financial services, transforming compliance functions in ways unimaginable a decade ago. It promises smarter risk detection, operational efficiency, and faster insights. But with these opportunities come new regulatory challenges, ethical concerns, and the growing threat of AI-powered crime.

Money laundering remains a significant threat to financial systems worldwide, not only as a crime in itself but also as a key enabler of serious criminal activities such as drug trafficking, human smuggling, and terrorism. Consequently, it is critical for all businesses handling substantial sums of money to implement robust AML procedures.

The integration of Artificial Intelligence (AI) in financial crime compliance (FCC) operations is revolutionizing the banking sector. As of the Celent Dimensions Survey 2025,...

In 2025, the ability to effectively identify Politically Exposed Persons (PEPs) has become crucial in the financial sector's battle against money laundering and corruption. PEPs, due to their influential roles, are at higher risk of engaging in illicit activities.