FinScan Blog
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Read financial crime insights from AML experts. FinScan is a global provider of AML & KYC compliance solutions. FinScan helps organizations worldwide meet the requirements of international government regulatory agencies by providing the most advanced AML Screening Solutions.
FinScan Blog
1w ago
As businesses grapple with the intricacies of compliance, it becomes increasingly apparent that traditional approaches are no longer sufficient. Instead, a paradigm shift is necessary – one that embraces innovation and forward-thinking strategies ..read more
FinScan Blog
1M ago
Welcome to the March edition of FinScan’s Regulatory Roundup. This month spotlights outcomes of FATF’s recent plenary and recommendations for public comment, the latest FinCEN requirements and proposals, and new AML guidance from Guernsey Financial Services Commission, OFSI, and OFAC ..read more
FinScan Blog
2M ago
By wielding an intelligent, adaptive screening solution, you can transform navigating regulations from a white-knuckled climb to a strategic trek towards success. The trick is, understanding what you need and how to get there ..read more
FinScan Blog
2M ago
Chief compliance and risk officers face multiple AML screening challenges such as ensuring precise data, maneuvering through regulations, and making sure risk mitigation strategies remain relevant and valuable. Data-agnostic approaches, enriched workflows, and monitoring capabilities are becoming more crucial to increasing productivity and prioritizing AML alerts ..read more
FinScan Blog
2M ago
Implementing a comprehensive payment screening programme that incorporates payment screening software to manage all key steps, from screening initiation and alert review to reporting and ongoing testing, is essential in an increasingly complex sanctions universe ..read more
FinScan Blog
2M ago
What does compliance monitoring and testing mean in today’s data-driven world, where customer onboarding and transactions occur at the speed of a click? A new framework for compliance monitoring and testing that addresses ways the digital revolution enables criminals to exploit financial systems for illegal activities is necessary ..read more
FinScan Blog
2M ago
As of January 1, 2024, many U.S. companies must report details of their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Beyond the reporting requirements, access rules, and likely changes to the CDD rule, what does this all mean for our anti-money laundering (AML) programs ..read more
FinScan Blog
3M ago
Chief compliance and risk officers face multiple AML screening challenges such as ensuring precise data, maneuvering through regulations, and making sure risk mitigation strategies remain relevant and valuable. Data-agnostic approaches, enriched workflows, and monitoring capabilities are becoming more crucial to increasing productivity and prioritizing AML alerts ..read more
FinScan Blog
3M ago
Welcome to our first edition of Regulatory Roundup—a special blog series highlighting some of the latest and significant regulatory news and insights in the AML compliance space. We’ll delve into the major themes that have emerged recently, from compliance culture to cryptocurrency, from new sanctions and enforcement efforts to artificial intelligence (AI) regulations ..read more
FinScan Blog
3M ago
In the rapidly changing landscape of anti-money laundering (AML) practices, the stage is set for a dynamic dance between geopolitics, regulations, and data. Read about the pivotal themes driving the evolution of AML strategies, regulations, challenges, and opportunities in 2024—and how to ensure your risk assessment programs remain in tune with the times ..read more