US and UK lead 2019’s US$8.14bn AML fines
by Ben Poole
Research from Encompass shows that annual AML fines nearly doubled compared to the previous year.
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Terrorist Financing
DBS partners with Exiger to tackle evolving risks of financial crime
by Ben Poole
The bank plans to use an automated AI-powered solution to enhance customer screening processes.
Standard Chartered and Quantexa to tackle financial crime with contextual decision intelligence
by Ben Poole
The partnership provides the bank with a platform to conduct complex financial thematic investigations.
US regulators release joint statement on activities involving digital assets
by Ben Poole
The statement highlights the AML and non-terrorism financing obligations those involved with digital assets have.
EU highlights money laundering and terrorist financing risks in the financial sector
by Ben Poole
Findings show that the monitoring of transactions and suspicious transactions reporting still raise concerns.
Think KYSC - KYC alone is not enough
by Jack Large
Unless you Know Your Supply Chain which involves Know Your Customer + Know Your Vendor you will always be at risk
UK anti-money laundering protection tightens, but more automation needed
by Jack Large
Platforms needed to identify Ultimate Business Owners
220 regulatory alerts every day, yet only 28% outsourcing compliance
by Jack Large
Thomson Reuters “Cost of Compliance 2019: 10 years of regulatory change” report shows scale and dynamics of regulatory compliance
Artesian Solutions brings new enterprise-level client onboarding to front line
by Jack Large
New Artesian Risk and Compliance Hub brings risk decisioning & KYC compliance together in a regtech game-changer
AML focus moving to non-financial sector
by Jack Large
encompass analysis shows that in 2019 AML expected to exceed record, will shift to monitoring non-financial sector as well as banks
Vendor on-boarding and compliance made easy
by Jack Large
Checklist from VendorInfo shows how
EU ministers meet to bolster anti-money laundering rules
by Bija Knowles
Why a more global approach to money laundering will help to reduce risk within the financial services sector – comment from Trulioo
5 compliance trends to look out for in 2019
by Bija Knowles
Compliance trends and milestones for larger corporates – according to financial crime and fraud solutions company NorthRow
Have a happy Xmas: minimise your Cyberfraud
by Jack Large
Earn your christmas bonus - use this list of lists to eliminate cyberfraud losses
Fraud: Scary crime stats; Global economies; Don’t care; McKinsey way
by Jack Large
Terrifying cyber crime statistics; Destabilizing economies; Employees don’t care; Holistic approach needed at all levels
EU adopts tougher stance on money laundering
by Bija Knowles
As the dust settles on the Danske Bank scandal, the EU has announced measures to strengthen its financial rules on money laundering
Finance #1 target for cybercrime, software is key weakness
by Bija Knowles
The financial industry is a prime target for cyber criminals, while legacy systems and the software supply chain are key weakness
Bank failures show need for EU AML authority
by Bija Knowles
Following several high profile money laundering cases, the EU still needs better regulation and improved supervision on AML legislation
How to detect and prevent fraud ….. Sometimes
by Jack Large
Latest reports from - Ravelin, TIS, and Kount - and their good ideas plus vital fraud prevention checklists
Financial crime: vital to screen all suppliers regularly
by Jack Large
Thomson Reuters 2018 Survey Report - Reveals the true cost of financial crime: 3.1% of annual turnover and much more in many other ways
New EU rules on money laundering and terrorist financing
by Bija Knowles
The Council of the EU has today adopted a directive strengthening EU rules to prevent money laundering and terrorist financing
Financial penalties don’t stop corruption in business – EY
by Bija Knowles
Despite more than US$11 billion of financial penalties issued since 2012, 38 per cent of global executives still believe bribery and corrupt practices remain prevalent in business
To pay or to train? Ransomware attacks on the rise
by Bija Knowles
Ransomware attacks are becoming more common and companies of all sizes are at risk – but the answer could lie with training for employees
Should behavioural biometrics be used in corporate treasury department?
by Jack Large
Behavioural biometrics is now effective, proven, and long lasting