Blogs
Financial Crime is a Trillion Dollar Problem: Sibos in Review
As Sibos 2023 wound down to a close in a blissfully sunny Toronto on the cusp of fall, we listened into the Big Issue Debate with Victor Dodig of CIBC and leaders from Santander, State Bank of India, DBS, CLS and EY, discussing how banks and financial inst
Why a Dynamic Approach to KYC and AML Pays
Fenergo is a proud content partner of The Times Financial Crime & Fraud supplement byRaconteur.-
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.
Why goAML is changing AML and SARs
Reporting requirements for firms operating in the finance sector are growing more and more stringent with the passing of new anti-money laundering regulations, but adapting to goAML offers a potential solution.
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
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
News
Regulatory penalties for global financial institutions surge 31% in H1 2024
Half-year annual findings on global financial institution enforcement actions reveal a 31% surge in the value of fines issued in H1 2024 compared to H1 2023.
Fenergo completes acquisition of regtech Sentinels
Fenergo has announced the acquisition of Sentinels, an anti-money laundering (AML) transaction monitoring new market entrant with artificial intelligence (AI) based technology.
Global financial institution AML and regulatory fines soar in 2023
Fenergo's annual findings on global financial institution enforcement actions reveal that the value of penalties imposed on firms surged 57% in 2023.
Fenergo Study: Emerging Risks in US Fintech Payments Since FedNow's Launch
AML talent shortages, inadequate transaction monitoring & deteriorating CX among fintech concerns with FedNow's rapid evolution.
Regulatory Penalties for Global Financial Institutions Drop by 88% in H1 2023
U.S. financial institutions continue to lead in fines, paying out 83% of the total penalty dollars, despite being cited for only 10% of the world’s regulatory violations.
Fenergo Adds AI-powered Transaction Monitoring to Solution Portfolio
Featuring a powerful hybrid detection engine supported by a robust scenario detection library, Fenergo Transaction Monitoring facilitates real-time identification of suspicious activity.
Request a Demo
See how Fenergo Client Lifecycle Management
solutions can transform your corporate and
institutional business.
