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Introduction In today's dynamic and increasingly digital financial landscape, the quest for maximizing conversions while minimizing financial fraud has become a top priority for businesses. Machine le...
Just over a year ago, ChatGPT launched. The excitement, anxiety and optimism associated with the new AI shows little sign of abating. In November OpenAI CEO Sam Altman was removed from his position, o...
Human trafficking is not only one of the biggest injustices of our time, but it is also one of the most widespread financial crimes in the world. Profits are estimated to be over $150 billion a year....
Those of us in the financial crimes compliance profession look at the current fiasco with Binance’s recent money laundering guilty plea (among many other accusations) and ask ourselves “How could this...
The two challenges everyone experience and the two answers you have been looking for in financial crime management The financial industry is under constant scrutiny from regulatory bodies, pushing for...
Global money laundering is estimated to account for a staggering two to five per cent of the world’s GDP, equivalent to up to $2 trillion. In response, regulatory bodies are tightening the noose on fi...
As a founding principle in the creation and subsequent evolution of banks, the importance of security cannot be understated. It is this importance that has led banks to develop a range of industry-lea...
nstant payments, also known as real-time payments (RTP), have emerged as a transformative force in the financial landscape, enabling the immediate transfer of funds between individuals and businesses....
Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle crimi...
Fraudsters are experts at finding novel ways to launder money. This is evidenced in the variety of ways that dirty money is cleaned, from crypto assets to online auctions. And the insurance industry i...
Financial institutions are engaged in a constant battle to fight money laundering, bribery, fraud, terrorist financing and corruption and adhere to sanctions levied against countries and individuals. ...
Back in March, the European Parliament took a significant step towards strengthening anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts. It voted in favour of creating...