Financial Crime & AML

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Es ist Zeit für ein PEP-Gespräch: PEP- und Risikomanagement bei der Bekämpfung der Finanzkriminalität

Die Nichteinhaltung von Compliance Vorschriften ist eine kostspielige Angelegenheit. Im Jahr 2022 erhielten Finanzinstitute (FIs) weltweit4,2 MilliardenDollar an Vollstreckungsmaßnahmen wegen Verstößen gegen die Geldwäschebekämpfung (AML), einschließlich V

Financial Crime & AML
August 8, 2023
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FED: ,,Unzulänglichkeiten bei der Deutschen Bank": Ein Blick hinter die AML-Strafe der Fed in Höhe von 186 Millionen Dollar

Die US-Notenbank Federal Reserve Board ("Fed") gab am 19. Juli bekannt, dass sie der Deutschen Bank eine Geldbuße in Höhe von 186 Mio. USD auferlegt hat, weil die Bank seit den letzten Zustimmungsbeschlüssen aus den Jahren 2015 und 2017 nur langsame Fortsc

Financial Crime & AML
July 24, 2023
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How Fintechs Scale Sustainably with AML

Fenergo hosted an online session around the challenges fintechs face when complying with anti-financial crime obligations whilst scaling as a business.

Financial Crime & AML
July 3, 2023
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Wie der AML-Risikobericht der EBA den Zahlungsverkehr in der EU verändert

DieEuropäische Bankenaufsichtsbehörde(EBA) hat kürzlich festgestellt, dass die Risiken von Geldwäsche und Terrorismusfinanzierung (ML/TF) in der EU von den Zahlungsinstituten und ihren Aufsichtsbehörden nicht wirksam erkannt und gemildert werden.

Financial Crime & AML
June 22, 2023
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Money 20/20 EU Recap Blog - Day 3

Money 20/20 2023 in Amsterdam is officially a wrap! The Fenergo team have spent the last three days meeting old friends and new at one of Europe’s largest gatherings of the financial services industry.

Financial Crime & AML
June 9, 2023
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6 Ways FATFs Changes to Ultimate Beneficial Ownership will Affect Your Risk Based Approach

Anyone without a strong compliance background may wonder why the Financial Action Task Force (FATF) matters as it’s only an advisory body, but this advice often becomes international law. So, the changes to Recommendation 24 should be considered carefully.

Financial Crime & AML
May 31, 2023
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What is money laundering? A basic guide to AML

It’s estimated that globally the anti-money laundering (AML) market is poised for rapid growth over the next eight years, with an anticipated value of$5.77 billion by 2030up from $1.63 billion in 2021. Money laundering causes approximately$2 trillionin dir

Financial Crime & AML
May 31, 2023
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Why transaction monitoring needs AI

Many of the previously analogue formats of fighting financial crime are now in need of technological solutions to keep up with the digital world, transaction monitoring needs AI to handle the rapidly evolving landscape of payments and remittances.

Financial Crime & AML
May 31, 2023
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What is Post-Event Transaction Monitoring?

Transaction monitoringis the monitoring of customer transactions, such as purchases, transfers, deposits, and withdrawals, in real-time or after they’ve been processed by a bank or financial institution.

Financial Crime & AML
May 31, 2023
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Compliance Breaches in 2022: Reading Between Enforcement Fines

Fenergo recently assembled a panel of experts from across the anti-financial crime community to analyze the regulatory landscape and enforcement actions data from 2022.

Financial Crime & AML
May 25, 2023
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Why transaction monitoring for crypto is an open book

Whether you believe cryptocurrency is a Ponzi scheme or a new universal value instrument – Gold 2.0, as some call it – investors are putting “real” money in and taking fiat currency out. These transactions happen atcryptocurrency exchangessuch as Bitonic i

Financial Crime & AML
May 24, 2023
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Real-time transaction monitoring: is your compliance team up to date?

Led by the digital transformation and the disruptive technologies that have enabled it, the world of finance services is evolving fast. Although this is great for consumers, things are moving at such a fast pace that financial institutions, merchants, and

Financial Crime & AML
May 24, 2023

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