Tag: financial institutions

GreenFi, the Singapore-based ESG compliance firm has raised $2m in seed funding to advance its AI-driven platform for financial institutions and global enterprises. According to...

Agentic AI is rapidly reshaping the way financial institutions strengthen their anti-money laundering (AML) capabilities. As growing transaction volumes, evolving criminal techniques, and tightening regulations...

The MAS has published a consultation paper proposing comprehensive new Guidelines on AI Risk Management, aimed at ensuring the responsible and secure use of...

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

Last year, the Bank of England (BoE) renewed its call for financial institutions to strengthen their data governance and reporting frameworks. In a communication...

In August 2024, Singapore’s Parliament enacted the Anti-Money Laundering and Other Matters Act 2024, a major development that reinforces the city-state’s global reputation as...

Financial institutions are rethinking how they approach compliance, moving away from outdated manual processes and reactive oversight towards AI-powered intelligence and agility. As regulatory demands...

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

A consent order can transform a financial institution’s entire compliance structure overnight. These formal regulatory actions demand swift remediation, greater accountability, and improved oversight—often following...

Financial institutions continue to invest heavily in compliance technology, spending billions each year to strengthen their ability to detect and prevent financial crime. Yet...