The role of AI in transforming KYB processes for AML professionals
In the rapidly evolving financial landscape, the sophistication of money laundering schemes has reached new heights.
Navigating cybersecurity and AML: Strategies for financial firms
Money laundering and financial crimes pose large risks to financial firms, both from a reputational and regulatory perspective. These criminal activities can manifest in...
Salt Bank selects Napier AI to enhance AML compliance for Romania’s first digital bank
Napier AI, a London-based RegTech specialising in financial crime compliance, has partnered with Salt Bank, the first Romanian neobank and the fastest-growing in Southeastern Europe.
How Qkvin is helping financial institutions tackle the 5 major financial crime challenges
FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.
Navigating the pitfalls of bad data in AI-driven financial solutions
The buzz surrounding Artificial Intelligence (AI) often heralds it as a panacea for all modern problems. Yet, the reality is more nuanced, as the...
Are financial institutions struggling to keep up with modern sanction and PEPs lists? –...
The war in Ukraine has underscored how quickly sanction and PEPs lists can change. Since 2022, the US, UK, EU, Australia, Japan and Canada have imposed over 16,500 sanctions on Russia, according to the BBC. The current turbulent geopolitical scene means financial services firms need to be ready for regular, and often sudden, changes to PEPs and sanction lists. FinTech Global recently spoke to several industry players to ask whether financial institutions are keeping up with the modern sanction/PEPs landscape.
Essential guide to Anti-Money Laundering (AML) compliance in 2024
FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, has offered a complete guide to money laundering regulations 2024. The updated guide explores...
AML within wealth and asset management – major questions resolved
Anti-money laundering (AML) strategies in the wealth and asset management (WAM) sector are undergoing significant transformations to combat financial crimes more effectively.
The importance of feedback loops in AML and CFT
The effectiveness of anti-money laundering (AML) and combatting the financing of terrorism (CFT), is not solely reliant on the initial design, but also comes...
Key AML compliance strategies for wealth and asset managers in 2024
In an era where regulatory oversight of the wealth and asset management sector is intensifying globally, the stakes for compliance have never been higher. This sector, pivotal to national economies, plays a crucial role in helping consumers manage their assets and achieve their financial goals. However, its significance also makes it a potential target for misuse by malicious entities aiming to launder money.
