Tags Terrorist financing

Tag: terrorist financing

Revolutionising AML strategies: The power of human-technology synergy in compliance

Revolutionising AML strategies: The power of human-technology synergy in compliance

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.

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.

PSP growth acceleration: Overcoming compliance hurdles in the FinTech sector

The landscape for Payment Service Providers (PSPs) is rapidly evolving, with a pressing need to scale operations effectively while managing Anti-Money Laundering (AML) compliance risk. RegTech company Fenergo has released a report outlining how payment service providers can reduce AML compliance risk.

Global financial threads: The risks and rewards of correspondent banking

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing economies, it offers a platform for banks to provide services on behalf of other financial institutions, typically situated in diverse countries. This extends to executing transactions, overseeing wire transfers, and collecting crucial documents.

Money laundering concerns in the EU: EBA’s plan for boosting AML/CFT...

In a recent post by Fenergo, the company outlined how a recent report by the EBA is changing payments in the European Union. 

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...
Arctic Intelligence releases second AML Industry Benchmarking Report 2022

Arctic Intelligence releases AML Industry Benchmarking Report 2022

The biggest challenge that compliance teams face with their money laundering and terrorist financing (ML/TF) risk assessments are gathering the data and evidencing effectiveness.

BaFin orders N26 to improve prevention of money laundering and terrorist...

German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.

FNB in Lebanon taps FICO for anti-financial crime suite

The First National Bank (FNB) of Lebanon has bolstered its compliance systems by leveraging the FICO Tonbeller Anti-Financial Crime Suite.

Holdex taps Blockpass for KYC/AML compliance

Holdex has partnered with Blockpass to offer streamlined Know Your Customer (KYC) and Anti-Money-Laundering (AML) identity verification solutions to its clients.

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