Blogs
Examining Anti-Money Laundering Enforcement Across Europe
Since the beginning of the financial crisis in 2008, financial institutions have had to deal with a series of regulations to increase transparency. The objective? Creating a safer, more robust and more transparent financial system.
Best Practices For Client & Counterparty Data Management
The role of client and counterparty risk management has assumed greater strategic importance over the last few years in light of heightened regulatory scrutiny and the introduction of new rules around AML/KYC, ultimate beneficial ownership, global data pri
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.
AML Policy Checklist - 10 Actionable Steps for Compliance Officers
New regulations are being made seemingly every year and with ever-growing compliance demands. It’s more important today than ever before to have strong and effective AML policy procedures in place. Not just to combat financial crime but to avoid fines for
A quick guide to transaction monitoring in banks
While banks are vital for every economy, they are also the prime target for financial criminals. And this makes transaction monitoring in banks incredibly important.
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.
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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