Remove APACS Remove Money Laundering Remove Suspicious Activity Report (SAR)
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APAC Faced the Most Regulatory Fines in H1’24 Reveals Fenergo in Latest Report

The Fintech Times

From a global standpoint, financial regulators levied 80 fines in the first half of 2024, totalling $263,252,003 for non-compliance with anti-money laundering (AML) regulations. This includes know your customer (KYC), sanctions, suspicious activity reports (SARs), and transaction monitoring violations.

APACS 59
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Stopping Financial Crime in Australia

FICO

Stopping financial crime in Australia is an age-old problem, but today’s criminals have become so sophisticated that long-standing anti-money laundering (AML) systems and processes are no longer keeping up. Much more needs to be done to modernise efforts for fighting such criminal activity. as well as the U.S.