Tag: financial institutions
Five major hurdles financial institutions face in client onboarding
A survey conducted by Muinmos has shed light on the significant hurdles financial institutions face during client onboarding.
Standardising withholding statements: TAINA’s role in transforming financial practices
In an era where efficient processing and standardization are more crucial than ever, TAINA took a significant step forward by hosting the Global Industry Forums on Withholding Statements in 2019 and 2020.
Axle Automation secures $2.5m in seed funding to revolutionize AML compliance
Axle Automation, a trailblazing provider of AI-powered solutions for compliance teams, has successfully closed a significant seed funding round.
Seven key insights into the US’s beneficial ownership reporting requirements
In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business...
Navigating cybersecurity and AML: Strategies for financial firms
Money laundering and financial crimes pose large risks to financial firms, both from a reputational and regulatory perspective. These criminal activities can manifest in...
New era of US sanctions: Preparing for a decade of enhanced...
As we move into the latter half of 2024, the landscape of international relations is increasingly fraught with challenges, from escalating global conflicts to...
New Independent Science Based Taxonomy (ISBT) enhances sustainable investment
In the realm of sustainable finance, the clarity and credibility of categorising economic activities have received a substantial boost with the introduction of the Independent Science Based Taxonomy (ISBT).
The critical role of perpetual KYC in modern risk management
In today’s rapidly changing regulatory environment, financial institutions are under increasing pressure to manage risks effectively.
A transformative approach that has gained traction is Perpetual...
Streamline KYC and AML processes with Muinmos’s AI solutions
In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.
EBA issues new guidelines to enforce travel rule
The European Banking Authority (EBA) today announced the introduction of new Guidelines concerning the 'travel rule' for fund and crypto asset transfers.
