The Payments Association

JULY 19, 2025

Evolving money laundering risks for EMIs: Insights from the upcoming NRA 18 July 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The UK 2025 National Risk Assessment’s decision to reclassify e-money institutions (EMIs) as high risk for money laundering and terrorist financing.

Money Laundering 88

Money Laundering Risk Financial Crimes Due Diligence 88

Fintech News

FEBRUARY 6, 2024

It covers a broad range of topics, each crucial for understanding and combating financial crimes effectively: – Transaction monitoring fundamentals – Deep dive into red flags, alerts, documentation, and risk calibration – Collaboration between financial institutions and regulators – How to apply correct Know Your Customer (KYC) (..)

White Collar Crime 108

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 108

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. Risk factors include monitoring the volume/nature of the transactions and government responsibilities.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

The Fintech Times

SEPTEMBER 14, 2024

The emergence of AI and ML tools has enabled companies to analyse vast amounts of data in real time, detecting patterns that indicate potential compliance risks, such as money laundering, sanctions, or fraud. AI is only as smart as the data that fuels it, making it imperative to introduce policies and adhere to data quality standards.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

Segpay

MARCH 24, 2025

KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. USA: More prescriptive Customer Identification Program (CIP) rules, requiring standardized ID verification and risk-based CDD measures. PSPs verify identity and monitor transactions.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. It mandates ongoing monitoring of suspicious activity, recordkeeping, and submitting suspicious activity reports (SARs) to the government.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Seon

SEPTEMBER 23, 2024

With the rise of online transactions and real-time payments, the risk of fraudulent activity has surged, putting financial institutions and businesses in a constant battle to protect their customers and themselves. As the first line of defense, payment screening aims to catch obvious risks at the point of transaction.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52