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With the deadline coming up fast, if you’re not fully prepared, now’s the time to tackle what DORA means for your institution and start taking steps to get ready.
Graph databases and network analysis provide powerful tools in AML by capturing the complexity of financial networks, identifying hidden relationships and interconnections.
Money laundering remains a threat to Asia Pacific, with evolving tactics to challenge FIs. Here are four trends shaping how we combat money laundering in APAC.
Banking as a service (BaaS) has been hailed as the great accelerator of the European fintech scene, but recent regulatory scrutiny threatens its growth. Learn about the new era of banking and the importance of a strong compliance strategy.
The economy in the UAE is thriving, attracting foreign work and investment in the market. This positive shift means that financial institutions must now focus on maintaining robust compliance systems to prevent future vulnerabilities.
Summary of Napier AI’s consultation response to HM Treasury on improving customer due diligence, and information sharing between supervisors and public bodies.
Setting the right parameters, name matching policies, and discounting alerts in client screening can be difficult. Learn about Singapore’s Central Bank’s best practices.
In February 2024, the Financial Conduct Authority (FCA) opened a consultation ‘CP24/2: Our Enforcement Guide and publicising enforcement investigations – a new approach’. What does it mean for FIs?
Asset management firms are facing demands for transparency from customers and regulators. Graham Hogan, Napier AI’s Head of EMEA covers how they can automate compliance.
Not only does it enhance CX, but financial crime compliance is a route resiliency in a competitive market, avoiding huge fines, and reducing TCO. Read 5 reasons why.
Will Monk, Napier’s CPO discusses how financial institutions can address increasing regulatory pressure and constant change in financial crime compliance, and introduces Continuum Live.
Regulators are shining their spotlights on the failings of the payments sector to tackle money laundering. Nick Portalski discusses a fast start guide to compliance.
The swiftness and simplicity of neobanks are redefining banking experience for a new generation of tech-savvy customers. What does this mean for anti-money laundering compliance?
Starling chose Napier’s Transaction Screening because of the platform’s standout technology and performance, which can keep pace with Starling’s impressive growth.
Chartis, the leading provider of research and analysis on the global market for risk, recognized Napier as a category leader across multiple quadrants in its latest report
SRA demands for economic crime information predicted to be heavy; Operation Mekong Dragon endorsed by TRAFFIC; and new high value and luxury goods dealer guidance published.
More focus on AML in London and modern slavery in the UK; Canada updates AML assessment amidst frustration over sanctions blocking access to legitimate funds.
EBA issues new guidelines ensuring fair access to financial services; BC cracks down on organised crime; and the West Midlands police identifies money mules.
Economic Crime Levy to part fund £400M investment to combat UK fincrime; Ireland bids to host a new EU AML Authority; and a U.S. a man is sentenced for an $8M FRAML sting.
UNODC warns of organised crime risks; calls to address vulnerabilities to criminal exploitation in art market; UK expands scope of 'failure to prevent' offences; and SAR guidance report is issued by NCA.
AUSTRAC cements partnerships with UK; Thailand focuses on wildlife crime; roundtable discussions on global sanctions; and a Russian warlord passes AML checks with ease.
UK cracks down on illegal crypto ATMs; growing money laundering concerns in Australia and, in the US, ABA and state groups press for the withdrawal of a FinCEN proposal.
ABA opposes Suspicious Transaction reporting requirement for lawyers; international money laundering organisation charged; and the BBC set to release ‘The Gold’.
We sat down with our Head of APAC Robin Lee following his appointment as the vice chair of the APAC Chapter, to discuss his insight into compliance challenges in APAC
UK government publishes crypto reg proposals; joint US-South Africa anti wildlife trafficking task force set up; and ownership of many UK properties still opaque.
The U.S expands whistleblower support, the UK grants new powers to the SRA to include non-compliance, and the leader of a global money laundering group sentenced.
‘Smurfs’ break down large transactions of illicit money into smaller sums. What can organisations do to detect such complex approaches to money laundering?
The WEF panel calls for crypto standardisation; the U.S. OCC warns large banks may face being broken up; Hong Kong Customs busts the city’s largest AML case
The rise of cryptocurrency has ushered in a new era of increasingly complex money laundering scandals, with regulators outpacing the new digital avenues of fraud.
The UK govt. considers introducing digital pound, GMP’s Economic Crime Unit recovers over £10 million, and corruption links found in the UK golden visa review.
Biden signs new legislation on human trafficking; Netflix release 'Madoff: Monster of Wall Street; Austrac warns crypto is becoming mainstream in money laundering
Allegations related to World Cup host Qatar leads to a call for reform in the EU, and a setback for AML efforts in the US as critical legislation is knocked back.
A consensus on a tough AML rule book by the EU council; a crackdown in Hong Kong on a money laundering syndicate; a push for a Congressional bill on AML changes in the U.S.
Technological transformation in the UK is causing banks to make changes and the U.S. the Department of Justice faces challenges to money laundering charges.
EU rules to revoke public access to beneficial ownership information; UAE regulators plan to strengthen information sharing laws; and King Charles’ charity could be investigated.
This week, Netflix blew the whistle on the FIFA corruption scandal; German authorities sought to end unlimited cash transactions; and the FBI may issue FTX’s ex-CEO a red card.
Oligarchs among the offshore owners of UK property; prosecutors consider letting former Louvre director and curator go; and billions in crypto stolen from the Silk Road seized.
It’s estimated there are almost three billion online gamers worldwide and regulations in this industry are still rather lax so the potential for financial crime is vast.
The major headline this week in financial crime news sees the UK and USA plan closer collaboration in sanctioning bad actors globally. Elsewhere it emerged that the fugitive ‘Cryptoqueen’, who is on the FBI’s ‘most wanted’ list, was tipped off about investigations prior to her disappearance and France appointed a new head of its regulatory body, the Financial Markets Authority (AMF).
The Swiss plan to introduce a corporate ownership registry; UK tax authorities get tough on real estate; and a UK businessman is arrested for helping an oligarch dodge sanctions.
We’ve summarised the key findings and problem areas highlighted by the 11th Annual Basel AML Index, namely a concerning stagnation in global risk mitigation efforts.
The Prince of Wales advocated for fighting trafficking by following the money; the EU agreed to new cryptocurrency trade laws to target money laundering; and the UK banned law firms from servicing Russia.
The Japanese government stiffen against cryptocurrencies; South Africa takes aim at tax evaders; and the U.S. presses charges over a New Jersey deli’s multi-million-dollar secret.
In a webinar with Thomson Reuters on the cost of compliance, our Chief Data Scientist, Dr. Janet Bastiman, explained why banks and regulators struggle hiring data scientists.
Napier and Thomson Reuters recently hosted part 3 of our ‘Cost of Compliance’ webinar series, this time looking to the future of the compliance function.
In the shadow of Queen Elizabeth II’s death this week, financial crime headlines saw a hacker make off with $185,000 of charity funds raised in an NFT auction.
Discover the key insights from the panel of a webinar we co-hosted in partnership with Thomson Reuters, the second in a series of webinars on the cost of compliance.
UK authorities arrest suspected traffickers with drug trade links; Spanish police foil a laundering operation in Tenerife; and Switzerland to return $100m+ to Uzbekistan.
An ex-lawyer caught for fraud and laundering via his investment fund; Portugal’s banks purge crypto exchanges; and 3 charged with defrauding US Covid-19 relief funds.
The UK’s halting money laundering through property purchases; Australian authorities proposed restrictions on casinos; and Mexico’s FIU investigated an ex-president.
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