The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.
March 15, 2024A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.
March 14, 2024The assessment specifically identifies Asia as being the "focal point" of pig butchering fraud schemes, especially in poorer countries across the region.
March 12, 2024COSMIC, launching in May, requires banks to implement a number of safeguards to protect legitimate customers from having their information shared.
March 12, 2024The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.
March 7, 2024The probe follows a Nov 2022 order from AUSTRAC requiring Bet365 to appoint an external auditor to assess AML/CTF compliance.
March 7, 2024A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.
March 6, 2024FIs must strike a balance in how they assess country risk and apply their consideration in customer and other risk frameworks.
March 5, 2024The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.
February 26, 2024Kenya and Namibia were added to the FATF's grey list while Barbados, Gibraltar, Uganda and the UAE were removed.
February 24, 2024