Tag: AML

Financial crime regulation is undergoing rapid transformation across Southeast Asia and Australia, with authorities moving to tighten frameworks and provide clearer enforcement guidance. The changes...

Switching from a legacy anti-money laundering (AML) transaction monitoring system to a modern solution is a complex undertaking requiring careful planning. The process involves...

The global market for anti-money laundering (AML) transaction monitoring software is expanding at an unprecedented pace, driven by increasingly complex financial crimes and tighter...

In the global effort to tackle financial crime, two tools form the backbone of anti-money laundering (AML) strategies: transaction screening and transaction monitoring. These terms are often used interchangeably, yet they perform very different roles.

Sweden has emerged as one of the leading examples of a cashless society, with digital payments accounting for nearly 90% of in-store transactions, according to Riksbank’s 2024 Payments Report.

The Financial Conduct Authority (FCA) has placed anti-money laundering (AML) failures under sharp scrutiny in its five-year strategy for 2025–2030, signalling that financial crime...

Money laundering remains one of the world’s most pervasive financial crimes, continuing to flow through the global banking system despite decades of anti-money laundering...

AI Agents are reshaping financial crime compliance, acting as tireless, digital members of compliance teams that enhance efficiency and accuracy. WorkFusion’s AI Agents are...

Fragile and conflict-affected states remain particularly vulnerable to terrorism financing (TF) due to weak governance, porous borders, and limited resources. These conditions create fertile...

Adverse media screening is emerging as a critical part of anti-money laundering (AML) compliance. Sometimes referred to as negative news screening, this process involves analysing publicly available information—from news outlets to government lists—for any signs of a third party’s involvement in financial crime. It serves as a vital tool in identifying potential red flags early in customer or third-party relationships.