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APAC Faced the Most Regulatory Fines in H1’24 Reveals Fenergo in Latest Report

The Fintech Times

This includes know your customer (KYC), sanctions, suspicious activity reports (SARs), and transaction monitoring violations. The post APAC Faced the Most Regulatory Fines in H1’24 Reveals Fenergo in Latest Report appeared first on The Fintech Times.

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Stopping Financial Crime in Australia

FICO

More than 70% of Asia-Pacific (APAC) banks believe that convergence will help stop fraud and financial crimes , but this same research shows there is a long way to go. report either full integration of fraud and AML operations or a high level of collaboration for detection systems, and over three quarters are integrated in terms of controls.