Tag: sanctions screening

Financial institutions worldwide continue to face hefty penalties for shortcomings in anti-money laundering (AML) procedures, with fines often reaching into the tens of millions. Napier...

Moody’s has released new research mapping the global landscape of sanctions regimes, offering insights into how governments and organisations deploy these measures and how...

Compliance remains one of the most pressing challenges for businesses in the financial services industry. Striking the right balance between customer safety and seamless...

AI has quickly become the default response to almost every challenge in financial crime compliance. Whether teams are facing overwhelming volumes of alerts, rigid screening...

For decades, false positives have been seen as one of the biggest challenges in AML. Technology vendors and compliance teams alike have focused on...

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

The Financial Conduct Authority (FCA) has placed anti-money laundering (AML) failures under sharp scrutiny in its five-year strategy for 2025–2030, signalling that financial crime...

The UK’s anti-money laundering (AML) framework places a clear responsibility on businesses to identify and report suspicious financial activity. To support this, companies in...

Bank Negara Malaysia (BNM) is introducing a comprehensive overhaul of anti-money laundering and counter-financing of terrorism (AML/CFT) requirements for e-money issuers under its 2025...

Accurately identifying individuals is at the heart of every robust KYC (Know Your Customer) and KYB (Know Your Business) programme. For firms operating in...