Tag: CTF
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."
Understanding proliferation financing: Key steps for compliance and risk management
Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.
Deciphering the fusion of AI and human expertise in Risk Management...
The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions. Moody's Analytics recently delved into how AI will transform risk management and know your customer (KYC) compliance.
ML and TF: The guide to safeguard your firm against financial...
RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm.
The impact of digital transformation on account opening
Financial Institutions (FIs) are integrating digital technologies into their infrastructures, sparking a transformation in customer experiences and enhancing operational efficiency. This shift has made a dramatic impact on account opening and verification processes.
The crucial role of comprehensive AML/CTF risk assessments in business success
In today's dynamic business environment, organisations are facing ever-increasing compliance regulations. As a result, business-wide anti-money laundering (AML) and counter-terrorism financing (CTF) risk assessments...
Identitii unveils SaaS platform to reduce AML and CTF compliance risks
Identitii has launched a software-as-a-service platform to help firms cut non-compliance reporting risks with anti-money laundering (AML) and counter-terrorist financing (CTF).
Napier to supply AML and CFT services to Australia Post
London-based intelligent compliance technology developer Napier has been chosen by Australia Post to support its anti-money laundering (AML) and counter-terrorism financing (CTF) services.
Silent Eight doubles its valuation after the close of a $15m...
Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a funding round on $15m.
FCA becomes AML/CTF supervisor for crypto companies
The UK’s Financial Conduct Authority (FCA) has become the new anti-money laundering (AML) and counter terrorist financing (CTF) supervisor for businesses with cryptoasset activities.
