Tag: client screening

Napier AI, a London-based RegTech company specialising in financial crime compliance, has joined forces with The Game LLC, the official licensed operator of The UAE Lottery.

In a move to fortify Singapore’s anti-financial crime landscape, the Monetary Authority of Singapore (MAS) is introducing sweeping changes to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.

AI is increasingly becoming a focal point of discussion, particularly in how compliance departments within financial institutions prepare to adopt AI technologies for client screening and align with necessary regulatory standards.

Fortytwo Data, a London-based anti-money laundering and client screening platform provider, has upgraded its entity screening platform.