Tag: Money Laundering

The significance of modern Anti-Money Laundering (AML) compliance cannot be overstated, especially in an era where digitalisation is a cornerstone of our daily interactions. While RegTech has revolutionised the approach to combating financial crimes like money laundering and terrorist financing, it's crucial to acknowledge that technology alone isn't the panacea.

In the rapidly evolving financial services industry, the importance of effective risk assessment is often overlooked.

In a recent post by RegTech firm Alessa, the company outlined how best to understand the intricacies of money laundering typologies. 

Lynx, which focuses on detecting and preventing fraud and financial crimes, has closed its Series A funding round on €17m.

In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.

Financial institutions often fall prey to money launderers who exploit these platforms to funnel, mask, transfer, and cleanse ill-gotten gains. This doesn’t just endanger...

The MAS has initiated a consultation on a framework to bolster the surveillance and defence against money laundering risks in Singapore's SFO sector.

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm. 

In the ongoing global efforts against money laundering, the task of comprehending customer identities has proven to be a crucial element in Know Your...

Dive into the intricate world of smurfing, a subtle form of money laundering, and learn about the transformative role Flagright's AI-powered tools are playing...