UBS pays $8m after AML surveillance flaws go unfixed
UBS Financial Services has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $8m over failures to properly oversee its anti-money laundering...
Ten steps to audit-proof your AML risk scoring model
When alert queues grow faster than compliance teams can handle, genuine financial crime risk can vanish into the noise.
According to ComplyAdvantage, the root...
Why AMLA changes the game for EU compliance teams
The European Union's anti-money laundering regime is undergoing its most significant structural overhaul in decades, and at the heart of it sits the Authority...
How smurfing and structuring evade FinTech controls
Large cash transactions are simple to flag. A string of smaller ones spread across days, branches or accounts is another matter entirely, which is...
AMLA sets rules reshaping EU AML supervision from 2028
AMLA, the EU's anti-money laundering authority, has published finalised standards governing how it will work with national financial supervisors to select and directly oversee...
Why FinScan’s LSEG validation raises the bar for AML screening
FinScan has been declared go-to-market ready by LSEG Risk Intelligence after passing the technology validation process for its connection to LSEG World-Check On Demand.
The...
New EU AML rulebook raises the bar for compliance
The EU's Anti-Money Laundering Regulation (AMLR) is reshaping compliance expectations across the bloc, and financial institutions that treat the 10 July 2027 application date...
HACA Partners taps Muinmos as manual AML checks hit limits
Luxembourg audit and consulting firm HACA Partners, which serves a global client base of more than 500 businesses, has chosen RegTech provider Muinmos to...
ABN AMRO accepts €8.5m penalty as AML gaps exposed
ABN AMRO, the Dutch banking group, has been fined €8.5m by De Nederlandsche Bank (DNB) after the regulator uncovered structural weaknesses in the way...
Why AML fines are exposing the point solution problem
Regulated businesses are under mounting pressure to prove that AML compliance is continuous, evidenced and proportionate to risk. Regulators around the world, including the...
