Tag: Alessa

AI is transforming AML systems, redefining how financial institutions detect and prevent illicit transactions. With the United Nations estimating that up to $2tn is...

HSBC’s Swiss private bank is winding down relationships with more than 1,000 ultra-high-net-worth clients across the Middle East after classifying many of them as...

It is easy to get swept up in the power of AI and believe its word is gospel. The technology has quickly evolved into...

Healthcare fraud continues to escalate, posing significant challenges to both the financial health of medical institutions and the trust patients place in healthcare providers....

As we continue our path through 2025, the AML landscape is rapidly evolving, driven by stringent regulations and the need for more effective risk management.

Cash remains a preferred tool for money launderers in real estate. High-value property purchases made entirely in cash are particularly risky, as they enable...

FinTech Global recently spoke to multiple industry players to get their insights on whether financial institutions are keeping up with modern sanction/PEPs lists monitoring...

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.

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering...

Art money laundering refers to the concealment of the origins of illegally obtained funds through the purchase and sale of art and antiquities.