As the EU’s newly centralised force in overseeing anti-money laundering (AML) regulations, the AMLA will work to coordinate national authorities, directly supervise high-risk financial entities, and promote consistency in anti-money laundering practices across the Union. … Read More
AML
AI tops the list of biggest threats to regulated firms this year
A recent survey by NorthRow reveals that 55% of regulated businesses in the UK view artificial intelligence (AI) as their biggest threat for the year, followed by the evolving regulatory landscape (46%) and economic volatility (45%). The survey, which interviewed c-suite executives and compliance officers, also highlights that 39% of respondents see regulatory and political change as a major challenge. … Read More
The role of tech in improving AML processes: overcoming 5 key challenges
AML compliance faces growing challenges like manual processes, complex regulations, and cross-border transactions. Technology-driven solutions enhance efficiency, streamline due diligence, automate monitoring, and ensure compliance with evolving global requirements. … Read More
The three biggest challenges facing AML compliance teams in 2024
Our research reveals that AML compliance professionals face major challenges in resource capacity, regulatory changes, onboarding inefficiencies, and adapting to financial crime trends, requiring agility and investment in talent. … Read More
Infographic: Compliance trends in 2024
As the ever-present threat of money laundering, fraud, and financial crime continues to cast a dark shadow over entire financial systems, compliance and AML professionals continue to play a pivotal role in the war against financial crime. Did you know … Read More
3 AML compliance priorities for 2024
In 2023, professionals dealing with financial crime and AML compliance were busy handling geopolitical unrest, economic fluctuations, and evolving criminal tactics. In 2024, experts expect more regulatory changes, increased use of technology, and new methods to fight financial crime. As … Read More
What can AML professionals learn from Inventing Anna?
Inventing Anna, the 2022 Netflix series, takes viewers on a rollercoaster ride through the world of financial fraud and deception. While the show is undoubtedly entertaining, it also serves as a rich source of insights for Anti-Money Laundering (AML) compliance professionals. … Read More
How RegTech enhances AML search efficiency
In the ever-evolving landscape of financial regulations, Anti-Money Laundering (AML) compliance stands as a critical pillar for financial institutions worldwide. As the volume and complexity of financial transactions continue to grow, so does the need for efficient and effective AML … Read More
Behind the schemes: Inside the mind of a fraudster
In this article, we peel back the layers of deception and take a look at what makes fraudsters tick. With real-life case studies from an ex-fraudster, we take a look at the motives, strategies and evolving methodologies used by fraudsters. … Read More
What are the most common types of fraud?
In this article, we take a look at what fraud is, the most common types, and share some insight from an ex-fraudster into their motivations. … Read More