Tag: Anti-Money Laundering

Organised crime groups have long seen trust and company service providers (TCSPs) as a convenient route to launder money and disguise illicit activity. While...

Financial institutions are grappling with an increasingly complex compliance landscape, especially when it comes to anti-money laundering (AML) transaction monitoring. Rising transaction volumes, coupled...

Artificial intelligence has rapidly transformed banking operations, playing a key role in tasks such as transaction screening, monitoring, and customer due diligence. Yet as AI adoption accelerates, regulators worldwide are tightening expectations on how banks deploy, govern, and oversee these systems.

Monzo Bank has been fined £21m by the Financial Conduct Authority (FCA) for serious failings in its financial crime controls, marking the tenth enforcement...

Switching from a legacy anti-money laundering (AML) transaction monitoring system to a modern solution is a complex undertaking requiring careful planning. The process involves...

The global market for anti-money laundering (AML) transaction monitoring software is expanding at an unprecedented pace, driven by increasingly complex financial crimes and tighter...

In the global effort to tackle financial crime, two tools form the backbone of anti-money laundering (AML) strategies: transaction screening and transaction monitoring. These terms are often used interchangeably, yet they perform very different roles.

WorkFusion recently unveiled AI Agent Edward, a solution designed to revolutionise enhanced due diligence (EDD) at financial institutions. The company, known for its AI...

Sweden has emerged as one of the leading examples of a cashless society, with digital payments accounting for nearly 90% of in-store transactions, according to Riksbank’s 2024 Payments Report.

The Financial Conduct Authority (FCA) has placed anti-money laundering (AML) failures under sharp scrutiny in its five-year strategy for 2025–2030, signalling that financial crime...