Tag: AML
Could blockchain reshape AML in wealth & asset management?
In a recent post by Napier, the firm outlined three ways blockchain could reshape AML in wealth and asset management.
From AML to cybersecurity: The evolving challenges of bank compliance in...
In 2023, the banking sector faced key compliance challenges with fines for lapses in AML, KYC and related regulatory areas reaching a staggering $6.6bn.
Frankfurt wins bid to host EU’s new AML Authority
Frankfurt has been selected to house the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA).
How can RegTechs help to combat document fraud?
One of the most pressing issues with the financial industry right now is document fraud. How can RegTech's tackle this challenge and provide more support?
Napier leads the way in FinCrime compliance with new Continuum offerings
Napier, a pioneer in global financial crime compliance RegTech, has expanded its offerings with two innovative solutions: Napier Continuum Live and Napier Continuum Flow....
What it means for the UAE nearing the end of FATF...
In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."
How technology elevates investor experience and compliance
The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic...
The impact of global events on FinTech compliance and risk management
In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
AML challenges and digital transformation: What 2024 holds for financial services
As we step into the second month of 2024, financial institutions (FIs) and regulated entities face a future that is anything but certain. Following a year marked by considerable upheaval, the question on everyone's mind is how to best prepare for what lies ahead.
4 critical AML use cases for AI
The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size are turning to AI to bolster their anti-money laundering (AML) capabilities.
