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Impactful disruption in AML: What’s changing in 2025
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...
Barclays fined £42m for financial crime control failings
The Financial Conduct Authority (FCA) has issued a £42m fine to Barclays Bank UK PLC and Barclays Bank PLC over two separate cases of...
Why insurers must modernise AML with AI now
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 CLM creates golden record for compliance
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.
New AUSTRAC rules shake up AML compliance in Australia
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.
Edward by WorkFusion streamlines EDD investigations
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...
What are AI agents? Why definitions still vary
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...
Automating regulatory compliance with AI
Regulatory obligations require organisations to act or refrain from actions to remain compliant with the law, placing heavy demands on compliance teams who must...
Credas launches UK-first Compliance Wallet
Credas, a UK-based leader in identity verification, has announced the launch of the Credas Compliance Wallet, a new product designed to transform compliance checks...
EU’s AML reforms: four key RTS changes explained
The European Banking Authority (EBA) has unveiled a series of proposals designed to streamline and strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) measures across the EU. The proposed Regulatory Technical Standards (RTS) seek to create a unified approach for AML/CFT supervision, aligning the practices of supervisors and financial institutions in all Member States.
