Blogs
The Automation of AML & KYC Regulation for Asset Managers
With a recent influx of large-scale Anti-Money laundering (AML) andKnow-Your-Customer (KYC)enforcement actions, those within the Asset Management sector must now find the perfect balance between active regulatory adherence and delivering a positive end-to-
5 things in 2022 that changed how we do KYC in banking
The war in Ukraine, which began in February of 2022, brought economic sanctions into the spotlight and tested reflexes as governments globally scrambled to respond. Sanctions against Russia and its associates came in almost overnight and, from the EU alone
Will AMLA and other Regulatory Laws Work In the Fight against Financial Crime?
Since 2008,over USD $46 billion in penalties have been issued to global financial institutions for non-compliance with Anti-Money Laundering (AML), sanctions, and other financial crime compliance obligations, with $10.4 billion issued in 2020 alone. Howeve
Es ist Zeit für ein PEP-Gespräch: PEP- und Risikomanagement bei der Bekämpfung der Finanzkriminalität
Die Nichteinhaltung von Compliance Vorschriften ist eine kostspielige Angelegenheit. Im Jahr 2022 erhielten Finanzinstitute (FIs) weltweit4,2 MilliardenDollar an Vollstreckungsmaßnahmen wegen Verstößen gegen die Geldwäschebekämpfung (AML), einschließlich V
MAS Launches COSMIC Platform for KYC Data Sharing
On April 1st, 2024, the Monetary Authority of Singapore (MAS)launchedCOSMIC, a platform to facilitate information sharing between financial institutions (FIs) to combat illicit money flows.
How Fintechs Scale Sustainably with AML
Fenergo hosted an online session around the challenges fintechs face when complying with anti-financial crime obligations whilst scaling as a business.
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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