Blogs
New Blueprint for Banks to Manage Increased KYC Costs After South Africa Grey-listing
Months on from South Africa’s well-publicised grey-listing, banks in the country are working to not only comply with added responsibilities around Know Your Customer (KYC) processes, but they need to keep close tabs on rising costs. Alongside our partner,
Explaining the EU’s Proposed Regulatory Update for Ultimate Beneficial Owners and the Anti-Money Laundering Authority
The European Union (EU) recently decided to bolster efforts to combat money laundering and the financing of terrorism. The supranational body is looking to deploy a regulatory update to combat financial crime activity which focuses on how to properly monit
CFTC vs Binance: Why US Regulators Don’t Seem to Like Crypto Firms
Binance.comis facing a landmark lawsuit from a US regulator, over claims that the platform’s financial crime compliance efforts have been “a sham.”
Singapore’s Money Laundering Syndicate Scandal
Scandals and crisis are two great indicators of regulatory change. The global financial crisis in 2007 resulted in the biggest shakeup of the financial industry in living memory, possibly ever, and sparked the fintech revolution across the world.
Timeline to New Zealand's AML Amendments
In June 2023, New Zealand’s Ministry of Justice updated its webpage with important changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). These changes, known as the Amendment Regulations, have been long-awaited
US Economic Climate Underlines the Business Case for CLM Technology
The United States' economy is currently grappling with a sustained period of inflationary pressure, and concurrently, financial institutions (FIs) are being challenged to.
News
Global Crypto AML & Regulatory Fines Surge in 2022
Fenergo's annual report found AML and related regulatory fines for crypto firms increased by 92% in 2022, while global financial institution fines fell.
Fenergo launches Financial Crime Risk SaaS solution to centralise, automate and standardise risk assessment
FinCrime Risk will allow financial institutions to bolt-on risk assessment for clients and counterparties.
Global Financial Institution Penalties decline in H1 2022
Fenergo has released its half year annual findings on global financial institution enforcement actions which shows penalties have fallen by 25%.
Fenergo Launches in Mexico to Meet Growing Demand for RegTech Solutions
Fenergo Launches in Mexico to Meet Growing Demand for RegTech SolutionsBrian GriffinFenergoContinue reading Fenergo Launches in Mexico to Meet Growing Demand for RegTech Solutions at Fenergo.
Global Financial Institution Penalties on the Decline
The total volume of fines levied to financial institutions for compliance breaches was approximately 176 compared to 760 in the same period the year prior.
Global Financial Institution Fines for AML and Data Privacy Fall 47% in H1 2021
Fenergo has released its half year annual findings on global financial institution enforcement actions which shows penalties have fallen by 25%.
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