Tags Sanctions

Tag: Sanctions

The impact of global events on FinTech compliance and risk management

In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
AML challenges and digital transformation: What 2024 holds for financial services

AML challenges and digital transformation: What 2024 holds for financial services

As we step into the second month of 2024, financial institutions (FIs) and regulated entities face a future that is anything but certain. Following a year marked by considerable upheaval, the question on everyone's mind is how to best prepare for what lies ahead.

The critical role of risk assessment in preventing financial crime

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

Global finance under threat: Tracing Hezbollah-related sanctions and illicit transactions

Unsurprisingly, terrorism-related events, especially those connected with recent happenings in the Middle East, have been a dominant topic in news headlines globally.

Moody’s Analytics Shares Key Steps for Enhanced PEPs Screening

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Unravelling Canada’s new deemed ownership rule in sanctions compliance

RegTech firm Sigma Ratings recently provided a guide for companies to stay ahead of changing sanctions in the Canadian market.

US and UK place sanctions on Russian cybergang members

The US and the UK have imposed sanctions on seven members of the Russian hacking group Trickbot, according to Finextra.

Sanctions screener GSS lands £37m

Global Screening Services (GSS), a sanctions screening platform, has scored £37m in its first funding round. 

Why sanctions screening is imperative

Since the onset of the Ukraine-Russia war, sanctions have been in the news on an almost daily basis. Why is the screening of sanctions so important?

How the war in Ukraine has changed the view on sanctions

Since the onset of the Russia-Ukraine war, the attention on sanctions – trade sanctions in-particular – has reached fever pitch. With more knowledge and focus on sanctions than ever before, what does this mean for their future?

Download the FREE RegTech100 report

FREE

Download the RegTech100 report for 2023 with details on each solution

Essential training, knowledge and forward-thinking in RegTech

Enroll today and get 20% OFF the Professional RegTech Certificate

50,000+ RegTech leaders get exclusive industry stories delivered every week