Tag: Anti-Money Laundering
Understanding the 3 stages of money laundering: How AML integration protects...
Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions and high-risk industries, making Anti-Money Laundering (AML) measures essential to combat it effectively.
How secure collaboration is transforming financial crime detection
Money laundering activities in the United States alone are estimated to total $300bn annually. In 2023, penalties for anti-money laundering (AML) violations in the...
Five key benefits of moving financial crime compliance to the cloud
As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.
How AI is shaping the future of financial crime prevention strategies
As artificial intelligence (AI) continues to advance, its role in financial crime prevention is growing, with organisations now considering AI as a foundational element in their risk management strategies.
New Napier AI report highlights $3.13trn potential savings with AI in...
Napier AI, a RegTech company offering a range of compliance tools and services, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.
Key strategies to maximize efficiency in AML case management
In today's rapidly evolving FinTech landscape, the capacity to effectively manage a growing volume of financial transactions is paramount, particularly with the rise in digital transactions.
Flagright welcomes Zero Fintech as customer to pioneer sustainable digital banking
RegTech firm Flagright has welcomed Zero Fintech, a climate-conscious finance app, as its newest customer.
Harnessing AI and data integrity in fighting financial crime
In today's rapidly evolving digital world, the fight against financial crime networks demands both vigilance and innovation.
Why robust compliance is key to harnessing BaaS opportunities
Banking as a Service (BaaS) has been celebrated as a significant catalyst within the European FinTech industry, driving its influence on a global scale. Napier AI, which offers a financial crime compliance solution, recently explored why a risk-based compliance approach is vital for BaaS.
Seven key insights into the US’s beneficial ownership reporting requirements
In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business...