Tag: AML

The Financial Action Task Force (FATF) has released new guidance aimed at helping countries and financial institutions strike a better balance between combating financial...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

A major Australian bank serving around one million customers across Australia and New Zealand has successfully tackled longstanding inefficiencies in its anti-money laundering (AML) operations by adopting SymphonyAI's technology.

Traditional retail banks are under pressure as FinTechs and neobanks continue to draw customers away with faster, more intuitive digital services. Built on flexible,...

OFX has announced a strategic partnership with Know Your Customer Limited to strengthen its global payment security through enhanced business verification solutions.

AML compliance teams are facing growing challenges in how they handle backlogs of alerts. Traditionally, banks and financial institutions have approached these backlogs by...

SmartSearch has announced a strategic partnership with Daon to enhance identity verification through the SmartDoc platform. The collaboration aims to strengthen customer onboarding processes for...

SymphonyAI has unveiled its pioneering Sensa Agents, a suite of agentic AI tools built to transform how financial institutions investigate and manage financial crime.

In a move to fortify Singapore’s anti-financial crime landscape, the Monetary Authority of Singapore (MAS) is introducing sweeping changes to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

As global tax regulations tighten, prime brokers are under increasing pressure to weave tax compliance into every stage of the client lifecycle. According to TAINA...