Tag: financial crime.
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...
Boost to the financial crime battle as Resistant AI raises $27.6m
Resistant AI, a company leveraging AI and machine learning to secure financial services, has declared the expansion of its Series A funding.
Resistant AI: Unveiling financial crime with sophisticated technology
The ACAMS Annual AML & Anti-Financial Crime Conference in Hollywood, Florida, is a high-profile event in the anti-money laundering sector, serving as an annual...
Addressing financial crime with risk management
The Financial Conduct Authority (FCA) has recently demonstrated their commitment to holding reluctant firms accountable in a speech titled 'Doing the right thing'.
Transforming finance with dynamic risk assessments
Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained...
Australia’s fight against financial crimes: Arctic Intelligence’s CEO pushes for AML/CTF...
The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.
Using financial crime risk assessment as a strategic tool for business...
In the high-speed and complex financial landscape we find ourselves in today, one of the most significant hurdles to overcome is the ever-present threat of financial crime. Acuminor has outlined how firms can leverage risk assessment processes to boost optimization, customer satisfaction and competitive advantage.
The significance of effective risk assessment and control
Adapting to emerging threats requires a comprehensive understanding of identification, translation, and assessment. Developing the Business Wide-Risk Assessment (BWRA) into a core part of our operations can greatly aid this process.
What are the key pillars of third-party risk management?
In a recent post by Moody's Analytics, the company outlined three key pillars of third-party risk management.
The Future of Financial Crime Prevention: Understanding FRAML
The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.
