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Financial crime compliance – FCA consultation on changes to its Financial Crime Guide

The Payments Association

On 25 April 2024, the FCA proposed significant updates to its Financial Crime Guide, aiming to enhance clarity and compliance for financial and cryptoasset firms. Read more

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AI in financial crime prevention: A transformative approach

The Payments Association

AI's data analysis superpowers are revolutionising financial crime prevention, spotting fraud patterns in real-time, even for small transactions, but good data and industry collaboration are key. Read more

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Financial Crime 360: The industry leaders fighting fraud on the ground

The Payments Association

With Financial Crime 360 around the corner, Payments Review spoke to some of the leading figures working tirelessly to combat the growing issue of financial crime within the payments ecosystem. Read more

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Banks, Payment Providers at High Risk for Environmental Crimes Money Laundering

Fintech News

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Environmental crimes, such as illegal wildlife trafficking and illegal logging, generate an estimated US$110 billion to US$281 billion in criminal gains annually.

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Data Sharing: Revolutionising financial crime prevention

The Payments Association

There is an increasing need for enhanced data sharing in the payments industry to combat the rising threat of financial crime, specifically money laundering and online-enabled fraud. Read more

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ComplyAdvantage Acquires Golden, Expanding Financial Crime Intelligence Offering

The Payments Association

ComplyAdvantage acquires Golden to enhance its AI-driven financial crime risk management solutions with advanced data integration capabilities Read more

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Silent Eight to Power AIA’s Financial Crime Compliance

Fintech News

This collaboration will involve the deployment of Silent Eight’s AI platform, Iris , to enhance AIA’s financial crime compliance screening processes across multiple jurisdictions. Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight , which specialises in AI-driven compliance solutions.