Tag: AML

Financial criminals are often reported in the press long before their names appear on sanctions or politically exposed persons (PEP) lists. This is why...

Facial recognition is gaining traction in financial services as firms work to balance fraud prevention, compliance and customer experience. The pressure on banks, payment...

Compliance teams across the financial sector are facing an unprecedented challenge. With staff expected to review an avalanche of emails, instant messages, and chats...

Financial institutions worldwide continue to face hefty penalties for shortcomings in anti-money laundering (AML) procedures, with fines often reaching into the tens of millions. Napier...

Dotfile, an AI-powered compliance operating system, has launched Autonomy, a self-decisioning AI agent designed to automate KYB case reviews. The company, known for its focus...

Fraud rings are becoming a serious threat across finance, payments, and cryptocurrency. These organised criminal networks continually adapt to exploit weaknesses in financial systems,...

The rapid growth of real-time and cross-border payments has transformed how money moves globally, creating both vast opportunities and new risks for financial institutions....

AI has quickly become the default response to almost every challenge in financial crime compliance. Whether teams are facing overwhelming volumes of alerts, rigid screening...

For decades, false positives have been seen as one of the biggest challenges in AML. Technology vendors and compliance teams alike have focused on...

The Wolfsberg Group has published its latest statement on monitoring for suspicious activity, reinforcing its call for banks to move away from outdated detection...