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The crucial role of comprehensive AML/CTF risk assessments in business success
In today's dynamic business environment, organisations are facing ever-increasing compliance regulations. As a result, business-wide anti-money laundering (AML) and counter-terrorism financing (CTF) risk assessments...
The Future of Financial Crime Prevention: Understanding FRAML
The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.
How can FinTechs win with AML?
When it comes to key challenges for financial technology companies, one of the chief pain points surrounds AML. How can FinTechs win in this area?
Bridging the gap in KYC Compliance: The Rising Tide of Automation
The financial sector has for long been bogged down by manual processes in adhering to regulatory standards. The spotlight now shifts towards embracing technology, particularly in Know Your Customer (KYC) operations. Fenergo has outlined the opportunities for KYC compliance automation.
Revolutionising AML strategies with NAICS codes
Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.
Quantexa teams up with ING to strengthen anti-money laundering efforts
Global bank ING and data analytics software company Quantexa have announced a strategic partnership.
Pesawise teams with Flagright to strengthen payment solution offering
Pesawise, a Kenyan FinTech focused on providing seamless and secure payment solutions, will partner with Flagright to boost its payment offering.
What roles do money mules play in money laundering?
In the incredibly complex world of money laundering, an increasingly common way for criminals to launder money is through money mules. What are they?
Fingo Africa partners with Flagright to enhance AML capabilities
RegTech firm Flagright has partnered with Kenyan digital FinTech Fingo Africa to enhance the latter’s AML compliance and fraud protection capabilities.
What does 2023 have in store for AML?
The pace of market change that financial institutions must endure is climbing, with every year posing new challenges and opportunities. What will happen in AML in 2023?
