How the 50 percent rule impacts international business compliance
The US, UK, and EU each implement a "50 percent rule" within their sanctions frameworks, crucial for monitoring international financial activities.
Navigating the global landscape of customer due diligence regulations
Customer Due Diligence, or CDD, plays a pivotal role in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF).
UK financial firms face rising penalties amid tightening regulations
More than a third of financial services businesses in the UK have been penalised for failing to meet regulatory compliance demands over the past year, highlighting a significant challenge within the industry.
Protexxa bags $10m Series A: A milestone for cybersecurity and diversity in Canada
Protexxa, a rapidly emerging name in cybersecurity, recently announced the successful closure of its Series A funding round.
Vanta secures $150m in Series C funding to bolster internet security
Vanta, a leading trust management platform, has announced a substantial $150m Series C funding, marking a significant step in its journey to secure the internet and enhance consumer data protection.
Evolving strategies in transaction monitoring for enhanced financial security
Risk-based transaction monitoring represents a proactive method aimed at detecting financial crimes by closely analysing financial transactions to unearth potentially fraudulent patterns or signs of money laundering.
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.
OIX urges UK government to enhance digital ID strategy for global leadership
The Open Identity Exchange (OIX) has recently put forward a call for the UK government to establish a robust, long-term strategy for digital ID, emphasising the urgent need to evolve current frameworks to keep up with global advancements.
FCA implements new cash access rules to support 3m cash users
In an effort to ensure sustained access to cash, the FCA has introduced a set of new regulations aimed at banks and building societies.
Flagright’s AI technology powers up One Money Mail for secure transfers
Flagright, has announced One Money Mail a EMI specializing in money transfers between the United Kingdom and Poland, as its new customer.