Tag: European Union

As financial crime becomes increasingly global and complex, a growing number of jurisdictions are exploring the centralisation of anti-money laundering (AML) and counter-terrorism financing...

The European Union has officially published a voluntary code of practice for general-purpose artificial intelligence (GPAI), offering companies guidance on how to align with...

Gatewatcher, a France-based cyber threat detection specialist, has secured a €25m venture debt facility from the European Investment Bank (EIB).

The European Central Bank (ECB) has issued a sharp warning over the European Commission’s proposed amendments to sustainability reporting laws, raising concerns that removing...

As services across industries become increasingly digitised, the need for secure and streamlined methods of identity verification has intensified. Traditional methods such as physical...

In the rapidly evolving landscape of financial regulation, companies face the pressing challenge of staying compliant while managing the efficiency and reliability of their...

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system annually.

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.

Okredo, a Lithuanian company specializing in open data solutions, has successfully secured €1.2m from the EU. According to Finextra Research, this funding marks a...

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.