Tag: AML

Financial institutions have spent decades building compliance programmes around a simple assumption: risk can be evaluated on a schedule. According to Saifr, that approach once...

Automated decisioning is the use of predefined rules, data integrations and scoring models to evaluate an application, transaction or identity check, returning an approve,...

Bet365 has entered a legally binding, court-enforceable undertaking with the Australian Transaction Reports and Analysis Centre (AUSTRAC), after the regulator identified serious weaknesses in...

Two of the world's most influential crime-fighting bodies have reached the same conclusion within weeks of each other, and banks are the ones left...

Compliance teams often treat sanctions screening, PEP screening and adverse media screening as interchangeable checkboxes. They are not. Each targets a different category of risk,...

Banks have long treated fraud and money laundering as separate disciplines, even though the same customer, account or transaction can carry signals relevant to...

Source of funds compliance has long been treated as a routine step within the broader anti-money laundering (AML) process, an operational box to tick...

Giles Thomson, the new president of the Financial Action Task Force (FATF), has unveiled a multi-year roadmap to confront what he described as a...

Compliance analysts are meant to be investigating risk and stopping fraud, yet much of their day is consumed by chasing documents and verifying paperwork....

Payments, financial services and gambling firms are grappling with an increasingly fragmented regulatory landscape, one that spans multiple jurisdictions, languages and formats, making manual...