Australians warned by NAB about soaring scams in online sales platforms
New NAB data indicates a worrying trend among Australians selling second-hand items on platforms such as Facebook Marketplace and Gumtree.
BIS Innovation Hub uses AI and data analytics for efficient money laundering detection
The BIS Innovation Hub has found that a number of key tech developments have proven to be superior for detecting money laundering networks.
EBA proposes extension of anti-money laundering rules to crypto services
The European Banking Authority (EBA) has started a public consultation to review its guidelines on money laundering and terrorist financing risk factors.
The role of AML audits in enhancing regulatory compliance
In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies.
Google Cloud, MAS forge partnership to enhance AI capabilities in financial sector
The MAS and Google Cloud have partnered to focus on the development and use of Generative AI applications.
The significance of effective risk assessment and control
Adapting to emerging threats requires a comprehensive understanding of identification, translation, and assessment. Developing the Business Wide-Risk Assessment (BWRA) into a core part of our operations can greatly aid this process.
zkMe secures $2M to enhance privacy and security in digital interactions
zkMe, the zero-knowledge identity oracle provider, has successfully raised $2 million in pre-seed funding to revolutionize on-chain credential verifications.
PSR welcomes Oliver Hanmer as head of supervision and compliance monitoring
The Payment Systems Regulator (PSR) has announced the appointment of Oliver Hanmer as its head of supervision and compliance monitoring.
Cyber lapses result in $4.25m penalty for OneMain Financial Group
OneMain, a firm specializing in loans for people with "nonprime" credit histories, has been fined by the New York DFS due to cyber lapses.
How Clausematch is setting a new standard in RegTech: A closer look at the...
When we delve into the profiles of notable leaders from bigwigs such as Facebook, Google, Microsoft, or OpenAI, we're often awestruck by their relentless...