Blogs
Examining Beneficial Ownership Register Adoption in APAC
In 2014, FATF published a guidance paper, ‘Transparency and Beneficial Ownership’, aimed at assisting countries in implementing measures to address Recommendations 24 and 25 relating to transparency and beneficial ownership of legal persons (R24) and arran
Global AML & Sanctions Fines 2008-2018: Assessing the Impact
Over the past ten years, regulators across the US, Europe and APAC regions have issued $26 billion dollars in AML/KYC and sanctions-related fines.
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.
Can you truly regulate cryptocurrencies & ICOs?
Volatility and ever-changing issuers, currencies and players are just some of the challenges associated with crypto (digital) currencies and Initial Coin Offerings (ICOs). Many investors, regulators and market players cite a general lack of transparency ab
Fenergo's 5 Predictions for 2022
The last year has seen tremendous change to the financial industry, first with the continued impact of COVID-19 on financial markets to the wider implications of the recent leak of the Pandora papers alike. As the year ends, some of our key stakeholders i
A Spotlight on US Regulatory Enforcement Trends
The U.S, with its proactive group of regulators, accounts for the highest concentration of AML enforcement penalties, with a total of $23.52 billion comprising 122 penalties issued by the top 11 regulators.
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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