In this summer reading list, we’ve curated our top six AML best-practice insights so far this year, covering everything from enhancing data quality in risk assessments to mastering transaction screening ..read more

The winner of the 2024 AML Impact Award for Best Sanction/Watchlist Innovation is FinScan and its FinScan Enhance innovation, which addresses the challenge of poor data quality in AML and sanctions programs ..read more

Welcome to the August 2024 edition of FinScan’s Regulatory Roundup. In the last month, we’ve seen significant regulatory updates across multiple domains: FinCEN published FAQs on the BOI Reporting Rule, while joint notices highlighted timeshare fraud; major enforcement actions involving several banks and other institutions; new sanctions guidance released by UK, EU, and US authorities; and new AI guidelines issued by NIST and CISA, with some emphasis on international collaboration on AI standards ..read more

KYC onboarding process presents numerous challenges. Lengthy forms, slow verification times, and the potential for fraud all create a cumbersome experience. Fortunately, advancements in anti-money laundering (AML) compliance technology are making this process more efficient and secure ..read more

Recent discussions focused on AML compliance in the UK have highlighted several concerns and challenges that MLROs face – particularly regarding interactions with the Financial Conduct Authority (FCA) and the internal dynamics within their organizations ..read more

Our recent webinar, “Staying on Top of the Sanctioned Securities Challenge,” brought together industry experts Becki Laporte of Datos Insights, SIX Group’s Jeffery Bellemore, and FinScan’s Steve Marshall to discuss the complexities of sanctioned securities and offer insights into managing these challenges ..read more

FinScan’s Head of Technical Solutions, Kieran Holland, writes for Traders Magazine about the key steps businesses need to take to ensure their AML and watchlist screening programs are underpinned by robust, high-quality data ..read more

The role of the compliance officer is more crucial than ever. With the constant evolution of regulations surrounding anti-money laundering (AML) compliance, selecting the right compliance screening system is paramount to ensuring your organization's success ..read more

Welcome to the July 2024 edition of FinScan’s Regulatory Roundup. Over the last month or so, we have seen anti-money laundering (AML), artificial intelligence (AI), and data protection updates from regulators, government-led actions and enforcement on banks with deficient AML programs and systems, and expanded sanctions related to Russia’s war economy ..read more

The critical role of compliance comes with a constant barrage of challenges, particularly in the complex world of trade finance. From the ever-expanding web of sanctions to new technologies, these guardians of corporate integrity are struggling to stay afloat ..read more