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Salv pushes intelligence sharing to fight cross-border financial crime
While financial institutions race to adopt the latest anti-fraud tools, one truth is becoming undeniable: financial crime is no longer isolated. It is fast-moving,...
From spreadsheets to smart compliance: The RegTech revolution in AML risk...
As regulatory demands intensify and financial crimes grow more complex, financial institutions and regulated businesses are under mounting pressure to modernise their risk assessment...
How federated learning and machine learning are reshaping customer risk ratings
Customer Risk Ratings (CRRs) have long been integral to anti-money laundering and counter-terrorist financing (AML/CFT) frameworks.
The critical role of cultural factors in financial crime compliance
In the intricate world of financial crime risk assessments, compliance, and technological measures often take precedence.
What FATF’s 2024 travel rule revision means for payment service providers
The FATF has placed significant emphasis on the revision of Recommendation 16, known as the "Travel Rule," in response to the evolving landscape of payment technologies.
FinCEN issues alert on deepfake fraud schemes targeting financial institutions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
Enhancing global security through effective AML and CFT strategies
The IMF has emphasized the critical role of AML and CFT policies in maintaining the stability of the international financial system and economies worldwide.
Napier AI’s insights on enhancing financial crime compliance
The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.
Malaysia’s path to enhanced financial transparency and AML compliance
Financial institutions and regulated entities across Malaysia are gearing up for the nation’s fifth mutual evaluation by the FATF, scheduled for 2025.
UAE’s digital leap: How regulatory sandboxes fuel AML compliance
The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.
