Tag: Anti-Money Laundering

Digital bank Monzo has been fined £21m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems between 2018 and 2020,...

The Financial Action Task Force (FATF) has updated its grey list, reshaping the compliance landscape for several jurisdictions as it continues to enforce global standards in anti-money laundering (AML) and counter-terrorist financing (CFT).

AMLA and the European Supervisory Authorities have signed a memorandum of understanding to strengthen cooperation and information exchange across the EU’s financial system.

Napier AI has appointed Kenneth Paqvalén as its new chief financial officer, aiming to strengthen its financial crime compliance platform as it expands its international footprint.

Hawk, a leading provider of AI-powered AML and fraud prevention technology, has launched a significant upgrade to its fraud detection platform by introducing a library of AI-powered fraud typology models.

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

The banking sector in the Middle East and North Africa (MENA) region is undergoing a period of significant regulatory and technological change, as financial institutions respond to evolving compliance demands and digital transformation opportunities.

AML compliance teams are facing growing challenges in how they handle backlogs of alerts. Traditionally, banks and financial institutions have approached these backlogs by...

Navigating regulatory compliance remains one of the most challenging tasks for businesses operating today, especially in the UK. Companies are under increasing pressure to...

SymphonyAI has unveiled its pioneering Sensa Agents, a suite of agentic AI tools built to transform how financial institutions investigate and manage financial crime.