Tag: AML/CFT
Streamlining compliance: The role of advanced client screening in RegTech
In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts.
Advancing KYC technologies to curtail financial crimes in Asia
Money laundering continues to pose a significant challenge in Asia, exacerbated by the diverse economic landscapes, fragmented regulatory frameworks, and intricate financial systems.
Money laundering concerns in the EU: EBA’s plan for boosting AML/CFT...
In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union.
Driving Financial Crime Detection: The Innovative Adoption of RegTech Tools
Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.
EBA unveils new central database for AML and CFT
The European Banking Authority (EBA) has launched EuReCA, a new central database for anti-money laundering and counter-terrorism financing.
FinCEN eyes modernised regulatory regime for AML/CFT in the US
The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.
EBA unveils public consultation on remote customer boarding guidelines
The European Banking Authority (EBA) has launched a public consultation on its draft guidelines for the use of remote customer onboarding solutions.
How can firms assess the risks associated with a politically exposed...
A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.
EBA launches consultation on role, responsibilities of AML/CFT compliance officers
The European Banking Authority (EBA) has issued a consultation on the role, tasks and responsibilities of anti-money laundering and counter-terrorism financing officers.
EU plans to introduce AML authority following financial crime uptick
The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.
