Tag: terrorist financing
Nasdaq Verafin unveils new product to revolutionise AML efforts
Nasdaq Verafin has introduced significant advancements to its artificial intelligence (AI)-based Targeted Typology Analytics.
Seven key insights into the US’s beneficial ownership reporting requirements
In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business entities.
EBA issues new guidelines to enforce travel rule
The European Banking Authority (EBA) today announced the introduction of new Guidelines concerning the 'travel rule' for fund and digital asset transfers.
The UK accounts for more than a third of European FinTech...
Key European FinTech investment stats in Q1 2024:
• European FinTech deal activity totalled at 333 deals in Q1 2024, a 41% reduction from the...
Revolutionising AML strategies: The power of human-technology synergy in compliance
The significance of modern Anti-Money Laundering (AML) compliance cannot be overstated, especially in an era where digitalisation is a cornerstone of our daily interactions....
The critical role of risk assessment in preventing financial crime
With the industry's focus on rapid growth and market domination, the critical role of risk assessment in preventing money laundering, terrorist financing, and other illegal activities is frequently sidelined. This negligence can lead to severe consequences, including regulatory fines and reputational damage, ultimately impeding a company's ability to compete.
PSP growth acceleration: Overcoming compliance hurdles in the FinTech sector
The landscape for Payment Service Providers (PSPs) is rapidly evolving, with a pressing need to scale operations effectively while managing Anti-Money Laundering (AML) compliance...
Global financial threads: The risks and rewards of correspondent banking
Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing...
Money laundering concerns in the EU: EBA’s plan for boosting AML/CFT...
In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union.
Transforming finance with dynamic risk assessments
Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained that these benefits serve to bolster the financial health, stability, and long-term growth of these institutions.
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