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Australia’s Tranche 2 AML reforms risk leaving SMEs behind
Australia’s overhaul of its anti-money laundering (AML) regime is set to intensify, with the passage of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment...
Spayce adopts ThetaRay’s Cognitive AI to enhance cross-border payment security
ThetaRay, a leading provider of Cognitive AI-driven financial crime compliance solutions, and Spayce, a cross-border payments platform operating in over 200 countries, have formed...
How federated AI is transforming legacy AML systems
Ripping out and replacing anti-money laundering (AML) systems is no longer a practical option for most financial institutions.
According to Consilient, deeply embedded legacy...
Making the case: Why it’s time to modernise sanctions screening
Sanctions compliance is becoming increasingly complex, driven by rising geopolitical tensions, a surge in regulatory demands, and the growing number of sanctioned individuals and entities.
How AI is reshaping AML to target drug trafficking
Canada’s ongoing battle with fentanyl trafficking has taken a dramatic turn in recent years, with growing pressure on both borders and financial systems. In 2024 alone, authorities reported significant seizures of fentanyl moving between Canada and the US—10.8lbs entering from the US and 32.1lbs flowing the other way. These figures sparked diplomatic and economic fallout, including a 25% US tariff on Canadian goods imposed in March 2025.
KYC Portal CLM launches audit feature to boost transparency and regulatory...
A new field-level audit trail feature has been introduced by KYC Portal CLM, aimed at giving compliance professionals unprecedented control over data changes. This enhancement allows users to view the full edit history of any field within a Company or Onboarding Form instantly—without having to sift through the entire entity’s audit log.
Traditional screening isn’t enough: Why FIs must rethink sanctions compliance
Sanctions compliance has traditionally relied on name-based screening and public watchlists to flag potential threats, but as financial crime tactics evolve, this approach is...
Navigating money laundering checks when buying a home in the UK
Buying a home is a significant milestone, but the process can be fraught with complexity—especially when it comes to anti-money laundering (AML) checks.
As...
Best practices for integrating AI into legacy financial systems
The financial industry is under growing pressure to modernise, particularly when it comes to fighting financial crime. In this context, artificial intelligence (AI) has become a powerful tool for improving anti-money laundering (AML) efforts and ensuring regulatory compliance. But for many institutions still running on legacy systems, implementing AI can feel like an uphill battle.
What the Economic Crime and Corporate Transparency Act means for UK...
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is a landmark regulation designed to strengthen the UK’s fight against financial crime and improve...
