Financial Crime & AML
Blogs
AML Across Borders: the US and China Join Forces to Stop Financial Crime
On April 6th, 2024, the United States and China agreed to start a forum to cooperate on anti-money laundering (AML) efforts in the two countries’ financial systems. The agreement came after two days of talks in China's southern export hub of Guangzhou, whe
Understanding Risk and Compliance in Banking
Risk and compliance in banking refers to the processes and frameworks banks use to identify, manage, and mitigate financial, operational, and regulatory risks while ensuring adherence to laws, regulations, and internal policies.
Why FinCrime Regulation is Imminent for US Investment Advisors
In early February 2024, US Treasury Secretary, Janet Yellen, noted that the US Treasury Department plans to issue a proposed rule applying requirements for anti-money laundering (AML) on investment advisers. These plans were further backed up by anannounce
Designated for Delisting: the UAE’s Impending Exit from FATF’s Grey List
In October 2023, it was reported that the United Arab Emirates (UAE) was set to be removed from the “grey list” maintained by theFinancial Action Task Force(FATF), as the country had “substantially” moved towards implementing compliance reforms.
Supercharge your Client Lifecycle Management with Artificial Intelligence
The financial industry faces a complex web of tightening regulations, while the sophistication of financial crime continues to evolve. Traditional approaches are struggling to keep pace and navigate this labyrinth, with Anti-Money Laundering (AML) regulati
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