Tag: AML

Diversity in financial services has transformed how individuals and businesses access capital. The once slow-moving world of traditional finance—where bank accounts required in-person visits—is...

In the world of anti-money laundering (AML), outdated practices are exposing institutions to risk. Many banks still process alerts in the order they were...

As the industry heads into the summer conference season, the mood among anti-money laundering (AML), fraud, and regulatory risk professionals is one of cautious...

The Financial Conduct Authority (FCA) has issued a £42m fine to Barclays Bank UK PLC and Barclays Bank PLC over two separate cases of...

The insurance industry is no longer seen as a passive player in the fight against financial crime. As regulatory scrutiny intensifies and criminal typologies...

KYC Portal, a RegTech platform specialising in client lifecycle management (CLM), is helping financial institutions strengthen compliance frameworks through the introduction of a ‘golden record’ — a unified, accurate and complete client profile.

Australia is pressing ahead with a significant overhaul of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, with AUSTRAC releasing the Second Exposure Draft Rules (ED2) under the Amended AML/CTF Act 2024. This latest draft builds on last year’s proposals, offering further clarity and operational guidance aimed at modernising compliance obligations.

WorkFusion, a leader in AI-driven financial crime compliance solutions, has unveiled a new AI Agent named Edward, aimed at transforming the Enhanced Due Diligence...

As the discussion around AI agents continues to dominate the tech world, one thing remains stubbornly unclear—what exactly is an AI agent? For organisations...

Regulatory obligations require organisations to act or refrain from actions to remain compliant with the law, placing heavy demands on compliance teams who must...