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Welcome to the Complaer December 2024 Compliance Newsletter: A Month in Review Catch up on the most important updates in AML, cryptocurrency regulation, and compliance from around the world. We've gathered everything you need to know to stay ahead of the curve in just 10 minutes. Highlights: 🗞️ European Securities and Markets Authority (ESMA) Advances on Internal Control Framework 🗞️ Switzerland's Historic Repeal of Bank Secrecy Laws 🗞️ Europol Uncovers Extensive Misuse of Legal Enterprises in the EU 🗞️ UK's SRA Implements Stringent AML Enforcement 🗞️ Klarna Hit with £35M Fine for AML Shortcomings 🗞️ Halting of AML Legislation in the U.S. Courts 🗞️ AI Governance Issues Trigger Banking Sector Warnings in the U.S. 🗞️ Canadian AML Authorities Granted Enhanced Regulatory Powers 🗞️ Exchange Bank of Canada Faces FINTRAC Penalties for Compliance Failures 🗞️ South Africa Enforces Sanctions on Largest Bank for Compliance Failures 🗞️ Vietnam Mandates Social Media Identity Verification to Curb Misuse 🗞️ FATF Lauds Argentina for AML/CFT Framework Enhancements 🗞️ 2025 Predicted to See a Rise in Financial Sanction Risks Globally 🗞️ U.S. Treasury Clamps Down on North Korean Cryptocurrency Laundering Networks 🗞️ AUSTRAC Revises AML/CFT Program Standards in Australia 🗞️ MONEYVAL Evaluates AML Efforts in Croatia, Georgia, and Monaco 🗞️ European Union Sets Forth Crypto Asset Classification Guidelines 🗞️ IRS Establishes New Crypto Reporting Guidelines in the U.S. 🗞️ Legislation for Stablecoin Oversight Unveiled in Hong Kong 🗞️ Turkey Tightens Crypto Regulations to Combat AML Risks 🗞️ Amendments to Digital Asset Regulations Announced by Nigeria's SEC 🗞️ Brazil Introduces Restrictions on Betting Ads to Protect Minors 🗞️ Paraguay Dismantles State Gambling Monopoly, Opens Market to International Operators Keep reading for a deeper analysis and practical tips. #ComplaerNewsLetter #AMLUpdates #CryptoRegulation #Betting #Gambling #GamingRegulation #MonthlyCompliance #MonthlyAML #RegTech

False positives piling up, deadlines looming, and your coffee’s already cold. Compliance life, right? Drop your votes and share your survival strategies—because we’re all in this compliance madness together. #FalsePositive #RegTech #ComplianceLife

As we wrap up another year, we would like to wish our partners, customers, and community a joyful holiday season and a prosperous New Year! 🎄 We’ve cherished the opportunity to collaborate with our colleagues in the financial crime fighting community and are excited to push even harder in 2025. Together, we can continue to innovate and strengthen our efforts against financial crime. Thank you for your continued support and partnership. We look forward to achieving great things together in 2025! #SeasonsGreetings #Complaer #NewYear2025 #MerryChristmas #HappyHolidays

Legacy compliance systems can’t handle the speed of real-time payments. Financial institutions face: → Fraud detection delays in SEPA Instant, SWIFT, and Fast Payments → Outdated systems causing resource-heavy false positives that waste resources → Ever-changing regulations demanding instant adaptability 🦾 Complaer’s Real-Time Fraud Prevention Engine delivers unmatched precision: → Built for high-frequency, high-risk transactions, including SEPA Instant, SWIFT, and Fast Payments → Hyper-personalized real-time monitoring flags fraud within milliseconds → Minimizes false positives, optimizing resources and response times → Instantly adapts to evolving fraud tactics and changing regulatory standards → Seamlessly integrates with existing systems for a unified compliance solution → Ever-changing regulations demanding instant adaptability 📲 Schedule a Call: https://lnkd.in/egS6bTZJ #RegTech #Compliance #FraudPrevention #FinancialInnovation #AML #Fintech #ESG #CTF #RealTimeMonitoring #TransactionMonitoring #ComplianceAutomation #SaaS #CloudBasedSolutions #RiskManagement #FinancialServices #FraudDetection #TransactionScreening #RegulatoryCompliance #FastPayments #InstantPayments #SEPAPayments

Welcome to the Complaer November 2024 Compliance Newsletter: A Month in Review Dive into the latest global updates in AML, crypto regulation, and compliance, all curated to keep you informed in under 10 minutes. Stay ahead with the most critical insights shaping our industry! Highlights 🗞️  FATF Revises AML Standards 🗞️ EU Implements DAC8 for Crypto Transparency 🗞️ EU Adopts Cross-Border Crime Prosecution Framework 🗞️ FSB Releases G20 Roadmap for Crypto Regulation 🗞️ Brazil Updates Betting Regulations 🗞️ Companies House Targets AML Misuse with New Teams 🗞️ UK Regulators Release Findings on AML Compliance 🗞️ Companies House Allocates Funds for Enhanced AML Oversight 🗞️ UK Introduces ‘Failure to Prevent Fraud’ Offense 🗞️ FCA Consults on Transaction Reporting Improvements 🗞️ CFPB Expands Oversight of Digital Payment Apps 🗞️ FinCEN Issues Alert on Deepfake Fraud Schemes 🗞️ South Africa Enforces FATF Travel Rule for Crypto 🗞️ Singapore Unveils Comprehensive National AML Strategy 🗞️ MAS Strengthens AML/CFT Policies with Updated Guidelines 🗞️ Singapore Launches Anti-Phishing Framework 🗞️ Philippines Prohibits Offshore Gambling 🗞️ FINTRAC Highlights Money Laundering Risks in Legal Sector 🗞️ Australia Reviews and Enhances Sanctions Framework 🗞️ Australia Proposes Beneficial Ownership Register Reforms Keep reading for actionable insights and key takeaways. #ComplaerNewsLetter #SanctionsUpdate #FintechRegulations #AML #AMLRegulations #AMLUpdates #CryptoRegulation #FinancialCrimePrevention #Betting #Gambling #GlobalCompliance #MonthlyDigest #AMLFrameworks #CryptoTransparency #GamingRegulations #AntiFraud #FinancialCompliance  #CryptoRegulation #MonthlyCompliance #GlobalCompliance  #MonthlyAML #RegTech

Meeting NIS2, DORA, and AI Act with Real-Time AML/CTF Solutions The upcoming EU regulations, including NIS2, DORA, and the AI Act, are set to reshape the financial compliance landscape. Adapting now is not just essential - it’s a strategic advantage. 📌 Why It Matters: → Regulatory demands call for hyper-personalized real-time AML/CTF rules to ensure seamless compliance and rapid adaptability → Non-compliance risks severe penalties and operational setbacks → Automating workflows combats staff shortages, boosts efficiency, and reduces costs - helping businesses stay resilient and competitive 📌 How Complaer Empowers Compliance Teams: Complaer specializes in Real-Time Transaction Monitoring, enabling financial institutions to adapt seamlessly to evolving regulations. Our platform connects to any data source or third-party vendor, offering capabilities like API-driven reporting and expanded compliance services. Key Features Include: → No-Code Rule Engine: Create hyper-personalized AML/CTF strategies instantly → Real-Time Monitoring: Detect suspicious activities across SEPA, SWIFT, and Fast Payments → Integration Flexibility: Seamlessly connect with internal systems and external data sources → Automated Workflows: Reduce manual compliance efforts by over 60% → Enhanced Fraud Detection: Minimize false positives and improve decision accuracy 📌 Examples of Impact: While compliance challenges vary, here are scenarios where Complaer can make a difference: 1️⃣ FinTech: Scaling transaction monitoring across jurisdictions while reducing false positives 2️⃣ Regulated Crypto-Assets: Ensuring AML/CTF compliance for high-frequency transactions and improving fraud detection accuracy 📄 Swipe through our latest carousel to learn how Complaer’s solutions help navigate EU regulations effectively. 👉 Ready to future-proof your compliance operations? Book a Demo here: https://lnkd.in/egS6bTZJ #EURegulations #RealTimeMonitoring #AMLCTF #NIS2 #DORA #AIAct #FraudDetection #RegTech #FinancialCompliance #TransactionMonitoring #ComplianceAutomation #RegTech #TransactionScreening

Customer screening is the backbone of AML compliance, ensuring businesses identify risks and meet global regulations. Common Compliance Challenges: 1️⃣ Data Quality Issues: Outdated or incomplete databases lead to false positives & negatives, wasting resources and risking regulatory breaches. 2️⃣ Employee Bottlenecks: Manual processes slow onboarding, increase errors, and frustrate both compliance teams and customers. 3️⃣ Customer Experience: Lengthy delays during screening lead to dissatisfied clients and potential revenue loss. Why Complaer: → Instantly flag suspicious activities across SEPA Instant, Fast Payments, SWIFT and facilitate immediate action with automated alerts → No-code AML/CFT Rule Query Builder to create hyper-personalized AML strategies to match your business needs → Automate compliance workflows by 60%, reducing costs and improving team productivity → Cloud-based API gateway ensures smooth, real-time implementation with existing systems → Flexible pricing adapts to any number of transactions in real time, supporting growth at every stage → Retrospective analysis of historical transactions to uncover hidden risks and patterns, identify anomalies missed in real-time monitoring  💌  Book a Demo: https://lnkd.in/egS6bTZJ #AMLCompliance #RegTech #CustomerScreening #FraudPrevention #RiskManagement #TransactionMonitoring #TransactionScreening #ContinuousMonitoring #ComplianceAutomation #PEPScreening #SanctionsScreening #EDD #CDD #AdverseMediaScreening 

As we look towards 2025, RegTech is set to revolutionize compliance management while driving significant cost savings. 📌  Automate Compliance Tasks RegTech solutions streamline over 60% of compliance workflows, cutting manual effort and errors. 📌  Data-Driven Risk Management  Advanced analytics enable real-time risk assessment and effective resource allocation. 📌  Seamless Integration Easy API integrations enhance compliance capabilities without costly system overhauls. 💡 Implementing these strategies can lead to cost reductions of up to 30%, enabling your team to concentrate on strategic initiatives rather than routine tasks. 🏳️ Take action now:  https://lnkd.in/egS6bTZJ #Compliance #RegTech #AML #CTF #FraudPrevention #RealTimeMonitoring #TransactionMonitoring #ComplianceAutomation #SaaS #CloudBasedSolutions #RiskManagement #FinancialServices #ContinuousMonitoring #FraudDetection #TransactionScreening #RegulatoryCompliance #FastPayments #InstantPayments #SEPAPayments

Welcome to the Complaer Monthly Digest: A Month in Review - October 2024 Dive into the latest developments shaping the AML, crypto, and broader compliance landscape. Our digest is thoughtfully compiled to deliver insightful updates in under 10 minutes each month! 🗞️ ESMA Advocates for Stronger Crypto Regulations in the EU 🗞️ EU Develops Framework to Counter Hybrid Threats 🗞️ Europol Advocates for AI in Financial Crime Detection 🗞️ UK Enhances Banking Rules to Fight Fraud 🗞️ UK Clarifies Data Sharing Under ECCTA 🗞️ FATF October Plenary Delivers Key Updates on Ransomware and Trafficking 🗞️ Coordinated Actions Against Russian Virtual Currency Operations 🗞️ FATF Updates Sanctions and Grey Listing Criteria 🗞️ Cyprus Sets Stage for Crypto Regulation Under MiCA 🗞️ Dutch Proposal for Crypto Asset Transparency 🗞️ Ireland Advances Gambling Regulatory Reforms 🗞️ New Zealand's Enhanced AML/CFT Guidelines 🗞️ Isle of Man Implements FATF Travel Rule 🗞️ Vietnam Launches National Blockchain Strategy 🗞️ Taiwan Introduces Stringent AML Laws for VASPs Keep reading! #ComplaerNewsletter #CryptoRegulation #AMLRegulations #EuropeanCommission #FATF #AIinCompliance #UKBanking #DataSharing #CyberSecurity #Blockchain #VASP #CASP #MonthlyAML #GlobalCompliance #FinancialCrime #ComplianceUpdate #SanctionsUpdate #RegulatoryNews #ComplianceTech

Key Changes in Payment Systems for 2025 → Mandatory Instant Payments: Euro PSPs must provide instant, fee-free transfers by January 9, 2025 → Sanctions Compliance: Quarterly sanctions reports are required, with the first due by April 9, 2025 → Payee Verification: Each transaction will require payee verification starting October 9, 2025 Why Now? With these regulations on the horizon, Complaer helps businesses adapt quickly and efficiently, ensuring compliance without sacrificing speed or security. Key Features: ✅ Real-Time Monitoring: Detect suspicious activities instantly across SEPA Instant, Fast Payments, SWIFT ✅ No-Code Rule Engine: Optimize AML/CTF strategies in real-time without coding expertise ✅ Staying up-to-date with sanctions lists: Instant access to the latest global sanctions and PEP lists, efficiently integrating any data source ✅ Automated Workflows: Cut compliance burdens by over 60%, reducing costs and boosting efficiency ✅ Seamless Integration: Cloud-based API gateway for quick setup and real-time decision-making Stay ahead of the curve with Complaer as payment systems evolve! 👉 Swipe through our latest carousel to see how these changes could impact your business. 📩  Contact us here: https://lnkd.in/egS6bTZJ #PaymentSystems #InstantPayments #Compliance2025 #AML #SEPA #SWIFT #VisaB2BConnect #FinancialRegulations #FraudPrevention #Fintech #CryptoCompliance #RealTimePayments #RegTech #FinancialServices #FastPayments #RealTimeAutomation