Financial Crime & AML
How to navigate transaction monitoring during a recession
The dynamic and intricately connected world of modern-day finance has placed increased pressure on anti-money laundering and other anti-financial crime measures for regulated businesses. Knowing how to handletransaction monitoringduring a recession is more
SAR Filings and How to Get Them Right
It's vital to to make sure your business contacts the local Financial Investigation Unit (FIU) by issuing a Suspicious Activity Report (SAR) if you detect potentially criminal activity. These SARs are important in the fight against financial crime, but it
5 key steps for an effective sanctions screening policy
Sanctions breaches are among the most serious of offences under regulations such as the EU’sSixth Anti-Money Laundering Directive(6AMLD). It’s critical that banks, financial institutions, and any other entity that’s subject to the requirements of AML and a
Understanding OFAC and other sanctioning bodies
Sanctionsare deeply political at their core. It is why businesses face such significant penalties if they fail to implement them.Politically exposed persons(PEPs) and their relatives and close associates (RCAs) are often the subject of such sanctions or ma
How your business should screen for PEPs and RCAs
Many individuals are subject to sanctions from bodies such as the Office of Foreign Assets Control (OFAC), the European Union, and the United Nations. These people are often prominent in some form or another and are targeted due to their political power or
How the Historic SWIFT Ban on Russia Impacts Banking Operations Today
In recent years, the financial services industry has undergone an extraordinary evolution. Transactions that were once only possible to conduct by physically attending a bank, can now be conducted with the touch of a button on a smartphone app. What hasn’t
Understanding transaction monitoring for payment processors
Technology has completely transformed the payments industry, having ushered in an age of faster and, in many cases, immediate payments, more flexible options, competitive foreign exchange fees, and better, all-round customer experiences. And as a result ha
5 Ways To Improve Transaction Monitoring In Fintechs
According to Statista, worldwide fintech revenues amounted to €92 billion in 2018, and this is expected to grow at an average rate of 12% to reach a value of €188 billion by 2024. This make transaction monitoring in fintech a key issue.
Request a Demo
See how Fenergo SaaS CLM, KYC and Tranaction Monitoring solutions can transform your organization.
