Tag: EDD

Malaysia’s financial sector is entering a critical transformation period as regulatory expectations tighten and financial crime threats evolve. Banks are operating under heightened pressure...

AML Trends 2025: 202 compliance professionals from 39 countries shared insights on their top AML goals and challenges 74% of compliance leaders prioritised improving...

Financial institutions across the world continue to face severe regulatory consequences when compliance gaps arise. A recent example comes from Oman, where the Financial...

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

The concept of risk-based approaches (RBAs) has become central to financial crime compliance worldwide. According to Arctic Intelligence, unlike rigid, rule-based systems, RBAs allocate...

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

WorkFusion, a pioneer in AI-powered automation for financial crime compliance, has introduced a groundbreaking innovation aimed at transforming enhanced due diligence (EDD) practices. According to...

Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). These regulations require businesses to identify and prevent money laundering and terrorist financing.

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.

The world of global finance comes with its share of dangers. From the looming shadows of money laundering to the menace of terrorist financing,...