The Financial Crimes Enforcement Network (FinCEN) is considering creating regulatory ‘sandboxes’ to help firms experiment with new technologies. Himamauli Das, Acting Director of FinCEN, told a virtual conference on financial crime enforcement, that the regulator was considering how to innovate […]
Switzerland is one of the wealthiest countries in the world, with a highly developed economy and a GDP of over $800 billion. Switzerland’s financial profile is built on its banking industry which has had a reputation for secrecy and confidentiality […]
The European Banking Authority (EBA) has issued new guidance on the impact and scale of de-risking in the EU, and warned financial institutions that its increased use could indicate their anti-money laundering and combatting the financing of terrorism (AML/CFT) measures […]
The conference featured a packed agenda of sessions designed to help compliance leaders uncover the latest developments from the world of financial crime and money laundering.
The EU’s banking regulator, the European Banking Authority (EBA), has announced plans to strengthen the anti-money laundering (AML) checks required for remote customer onboarding. Launching a public consultation on draft guidelines, the measures aim to tackle the problem of inconsistencies […]
The Baltic countries – Latvia, Estonia and Lithuania – have rapidly become fintech hubs, making them increasingly attractive destinations for founders launching a startup or firms expanding from other parts of Europe. However, the Baltics have a complex geopolitical history, […]
The European Commission has fined five major European banks a total of €344m as part of a long-running investigation into the foreign exchange (Forex) spot trading market. The Commission’s investigation focused on the trading of G10 currencies – the most […]
Digital banks don’t face fundamentally different typologies or risk profiles to other financial institutions. However, their digital-first approach, rapid growth rate and focus on seamless onboarding can make them appealing targets for money launderers. Here, we explore the top typologies […]
HTB is working to stay ahead of the rapidly evolving financial crime landscape, and the growing sophistication of fraudsters. To support this work it was looking for a transaction monitoring and screening solution that would meet the needs of its growing customer base while safeguarding the bank’s reputation.
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