Tags Financial crime.

Tag: financial crime.

Global financial threads: The risks and rewards of correspondent banking

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing economies, it offers a platform for banks to provide services on behalf of other financial institutions, typically situated in diverse countries. This extends to executing transactions, overseeing wire transfers, and collecting crucial documents.

EBA reports improvement in supervisory cooperation against financial crime

The European Banking Authority (EBA) has recently released its third Report on the efficacy of AML/CTF colleges. 

Moody’s Analytics links with European Commission to modernise fraud detection

The European Commission has recently joined hands with Moody's Analytics to overhaul its anti-fraud operations.

Bolstering financial integrity through PEP screening in KYC processes

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

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. 

Fraud detection in FinTech: The battle against synthetic identity theft

RegTech firm Flagright recently shone a light on the topic of fraud detection in FinTech, with a battle against synthetic identity theft ongoing.

Transforming corrupt cash flows: A look into the world of RegTech...

Fenergo FinTalks podcast has released its latest episode where it aims to offer the newest insights into the world of RegTech, compliance, and anti-money laundering (AML).

Why AI has a transformative role in decoding beneficial ownership structures

The role of AI has ballooned in recent years, and the recent introduction of GenAI platform ChatGPT has seen the sector soar further.

A deep dive into AML non-compliance costs and Flagright’s AI-driven solution

In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.

Navigating the AML compliance journey: When is it time to hire...

Today, the growing complexity of financial operations coupled with an ever-evolving regulatory landscape has magnified the importance of AML compliance in businesses. Especially in...

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