anti-money-laundering
BankingDanske bank books $1.9 billion provision in estonia case
Finance3 steps FIs can take to bolster AML compliance with ESG
FinanceOptimizing KYC processes to prevent money laundering
BusinessSuspicion as a business model has no fortune – trust is the new trend
Capitalizing on cryptocurrency: Tips for protecting against fraud, minimizing risk and maintaining compliance
Date: October 20, 2022
By Gervasio Tirigall, GBG Americas While there’s no denying that cryptocurrency has been volatile over the years, its global adoption and popularity are on the rise. Consequently, we’ve seen an increase in cryptocurrency regulations aimed at preventing related criminal activities, such as money laundering and terrorist financing. With any market, growth and value can be...
Advancing on a cloud: Driving digital transformation in financial crime
Date: September 28, 2022
As CEO of NICE Actimize, Craig Costigan has continued to steer the leading provider of financial crime solutions by expanding into new markets, addressing the growing demand for cloud-focused solutions, and forging innovation across the full scope of anti-money laundering, enterprise fraud, holistic surveillance, and case management. In driving innovation, Craig’s teams of cloud developers,...
Australia financial crimes regulator opens investigation into britain’s entain
Date: September 12, 2022
(Reuters) -The Australian financial crimes regulator said on Monday it opened an investigation into British sports betting giant Entain Plc to assess whether it was complying with anti-money laundering and counter-terrorism financing laws. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said it began the enforcement investigation after an extensive supervisory campaign covering the whole...
How to refine your KYC procedures
Date: August 1, 2022
By Alex Richter, Head of PassFort a Moody’s Analytics company Procedures to tackle financial crime are constantly being developed and improved with the aid of a fast-paced technology industry. Despite technological innovations, it seems criminals are continuously looking to find new ways to exploit the financial system. Although extensive resources and investments are being pledged to comply...
The fight against Anti-Money laundering should be a priority for the future of all banks
Date: August 1, 2022
By Gabriel Viera, Chief Compliance Officer at Zenus Bank Across the financial services and banking sectors, we are witnessing increasing demand from customers, businesses, and governments to prioritize compliance and risk management. The geopolitical tension following Russia’s invasion of Ukraine — and the subsequent exposure of financial links between the Kremlin and organizations in Western...
Advancing AML: Why ultimate beneficial owners must be properly identified
Date: July 26, 2022
By Joost van Houten, CEO of Sentinels In March 2022, global regulatory watchdog the Financial Action Task Force (FATF) adopted amendments to Recommendation 24 (R.24) of its 40 Recommendations that govern global anti-money laundering (AML) policy. This concerns Ultimate Beneficial Ownership (UBO), i.e., the person who profits from money moving into or out of a...