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The European Union (EU) has made a significant leap forward in the fight against money laundering and terrorist financing with a provisional agreement on an anti-money laundering (AML) package. This agreement, pending full approval, is set to fortify the EU's financial system and protect its citizens by introducing sweeping changes across various sectors.
In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively.
In the rapidly evolving financial services industry, the importance of effective risk assessment is often overlooked.
Compliance automation is a game-changer in how chief compliance officers (CCOs) present crucial regulatory compliance information to board members. This technological advancement not only makes compliance processes more efficient but also equips board members with vital knowledge for informed decision-making.
RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm.
Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently delved into why financial institutions should care about adverse media screening.
The role of AI has ballooned in recent years, and the recent introduction of GenAI platform ChatGPT has seen the sector soar further.
Arctic Intelligence has formed an alliance with Fintelekt Advisory Services, a renowned provider of AML/CTF training and advisory services.
In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union.
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.
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