Tag: terrorist financing

Not long ago, many firms treated financial crime risk assessments as a box-ticking exercise—documents produced annually to satisfy regulators, then filed away until the...

Financial crime risk assessments are often discussed as exercises in methodology: the right framework, the right scoring model, the right template. But the real...

From 2024 into 2025, financial institutions and other regulated entities in Malaysia have been preparing for the country’s fifth mutual evaluation by the FATF,...

Money laundering remains one of the most persistent threats facing financial systems across the world. What starts with criminal activity — from illegal arms trading...

Money laundering and financial fraud remain a serious threat to the UK’s financial ecosystem, making strong AML processes essential for businesses. A key part...

In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.

In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business...

The European Banking Authority (EBA) today announced the introduction of new Guidelines concerning the 'travel rule' for fund and crypto asset transfers.

The significance of modern Anti-Money Laundering (AML) compliance cannot be overstated, especially in an era where digitalisation is a cornerstone of our daily interactions. While RegTech has revolutionised the approach to combating financial crimes like money laundering and terrorist financing, it's crucial to acknowledge that technology alone isn't the panacea.

In the rapidly evolving financial services industry, the importance of effective risk assessment is often overlooked.