Tag: United Arab Emirates

Napier AI, a RegTech company offering a range of compliance tools and services, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.

The Financial Conduct Authority has issued its second largest financial penalty ever for AML controls failings, after fining Standard Chartered Bank £102.2m for breaches in two areas of the business.