Bank Automation News’ Post

In today's globalized, digital world, financial crimes like money laundering are more sophisticated than ever. The future of AML compliance lies in cutting-edge tech to outpace evolving threats and boost detection and efficiency. Read more in our latest article - https://lnkd.in/dS-U-Xdi #AffiniaxPartners #AllinialGlobal #AMLCompliance #AntiMoneyLaundering #DigitalSecurity

Finanspolisen (Swedish Financial Intelligence Unit / Police) 2023 annual report is here 📢 Organized crime’s international reach is a growing concern, according to the latest report. Get the key takeaways from Pliance - Anti Money Laundering Automation ⬇ ⬇ ⬇ #aml #compliance #fintech

Current State of Money Laundering SmartSearch's latest report reveals alarming trends in money laundering from 2013 to 2023. 2022 was the worst-recorded year, with nearly 25% of all AML events (4,363 out of 16,150) happening in that year alone. In the US, $14 billion in penalties were issued across almost 3,200 AML events, involving nearly 280 organisations and 5,000 individuals. Check out the image below for detailed stats. 📊 Read more here - https://bit.ly/3SiLq7V - Source: SmartSearch #AML #financialcrime #smartsearchreport #article

RegTech Analyst news you can't afford to miss from yesterday 👉 How UK financial firms can improve their approach to PEP regulations 👉 Revolutionising AML compliance with AI-driven KYB strategies 👉 FullCircl introduces financial vulnerability solution for gambling operators 👉 EU commission unveils FAQ to ease CSRD compliance for companies 👉 Scamnetic raises funds to combat digital fraud with AI James Roberts Reece Turner Juliet Mey Bradley Elliott

DataVisor unveils its advanced AI-driven AML solution, integrating seamlessly into existing workflows, to tackle evolving financial crime challenges. Courtesy: www.businesswire.com Debate Time! How do you think AI-driven AML solutions can tackle financial crime challenges? #tnasdcbfsi #tnsdc #naanmudhalvan #bfsi #datavisor #aml #financialcrime #financialchallenge #kyc #artificialintelligence

In the financial services sector, AML rules are strict, with regulators taking a dim view of firms which fail to meet their obligations. That’s no surprise: the consequences of allowing a firm to launder the proceeds of crime can be far-reaching and damaging, to individual victims, companies and wider society. How does this change as we shift into a digital landscape? Check out our latest editorial by @Phil Taylor to learn more!   👉 https://lnkd.in/ewpPvAJm   #reglexwrites #compliance #kyc #metaverse

Innovative Systems launch AML platform. FinScan Marketplace aims to improve efficiency, reduce errors, and ensure compliance efforts remain effective https://lnkd.in/epr_uFsP #fundadmin #Custody

Discover how we’re making a difference in the fight against money laundering! Our latest case study highlights how we’ve strengthened AML efforts in the financial sector by providing top-tier talent with the specialized skills needed to tackle this challenge. 👉 Read the full story here --> https://lnkd.in/ewivf3Ps #IndotronixAvaniUK #IndotronixAvaniGroup #AML

Which country jurisdiction doesnt accept Driving Licence as a proof of identity data? Lets explore deeper nuances of AML analytics world and unstructured data form #kyc #knowledgecheck

A valuable interview, where Ms Gardner states that her AML unit will shortly come with a guidance on using new technologiessl as they see may issues in this field. basic things remain such: what do you need the technology for? Having Business requirements as well as Tech requirements is not a luxury request. And then off course, testing of the solution and having a well established governance about its use and maintenance.