Lidiya S.’s Post

❓ Did you know that European banks spend more than €14 million annually on Anti-Money Laundering (AML) procedures? With the constant updates to #AML directives, financial institutions are under immense pressure to bolster their #compliance programs. But here’s the catch – devising effective user verification methods is no longer a walk in the park. Not only is it a complex task, but with the rapid advancement of technology, criminals are finding loopholes more easily. So, leveraging the insights of FINGO engineers, we've explored: ▶ the top challenges companies face when implementing AML guidelines ▶ innovative technological solutions to overcome these hurdles Want to dive deeper?   Click the link https://lnkd.in/dRVfQ2Y2 to access the article and embark on a journey toward fortified compliance! #AMLCompliance #FinancialCrime #FinTech #RiskAssessment #RegTech

🛠️ Learn how robust AML programs can be developed and maintained by UK fintechs to keep up with innovation and #compliance. Explore our latest guide on leveraging cutting-edge technology for operational excellence while navigating #AML challenges and #regulations. 🔗 Read the full article here: https://bit.ly/3yciuXW #AMLCompliance #Fintechs

❓ Did you know that European banks spend more than €14 million annually on Anti-Money Laundering (AML) procedures? With the constant updates to #AML directives, financial institutions are under immense pressure to bolster their #compliance programs. 🔍 But here’s the catch – devising effective user verification methods is no longer a walk in the park. Not only is it a complex task, but with the rapid advancement of technology, criminals are finding loopholes more easily. So, leveraging the insights of FINGO engineers, we've explored: ▶ the top challenges companies face when implementing AML guidelines ▶ innovative technological solutions to overcome these hurdles   Want to dive deeper?   Click the link https://lnkd.in/djqU4ktT to access the article and embark on a journey toward fortified compliance! #AMLCompliance #FinancialCrime #FinTech #RiskAssessment #RegTech

Money laundering is a growing concern, 7 Key ways in which RegTech can save the day! Regulatory technology (RegTech) is revolutionizing Anti-Money Laundering (AML) programs, making them more efficient and effective. From AI-powered monitoring to real-time reporting, RegTech is strengthening AML efforts in 7 key ways. Can technology finally win the battle against financial crime? #RegTech #AML #AntiMoneyLaundering #FinancialCrimePrevention Datafloq

Thrilled to see the spotlight on the transformative role of technology in reshaping Anti-Money Laundering (AML) compliance within the financial sector. The integration of advanced platforms not only aligns operational processes with regulatory demands but marks a paradigm shift towards automated diligence. As highlighted by RelyComply, crafting a comprehensive Client Risk Assessment model is imperative in navigating operational inefficiencies and steering clear of penalties. The strategic adoption of modern systems not only meets compliance obligations but also optimises operational efficiencies, mitigating risks effectively. Exciting times ahead as the convergence of compliance and operations paves the way for a proactive stance against financial crimes. #FinTech #AMLCompliance #RegTech #Innovation #FinancialServices

Guidance On AML/CFT Regulations For VASPs | Regulatory Capsule Powered by: Transact Comply This week we review the Guidance On AML/CFT Regulations For VASPs published by New Zealand Department of Internal Affairs Read More: https://zurl.co/yly2 Explore the product's full scope: https://zurl.co/E0MW #AML #CFT #VirtualAssets #Regulation #VASPs #Compliance #CryptoRegulation #FinancialSecurity

The financial services industry is undergoing rapid and significant changes, both in terms of complexity and volume. With the increasing adoption of digital transactions, traditional AML frameworks no longer suffice – and firms must evolve with it.” Bion Behdin, our co-founder and CRO, was recently interviewed by Financial IT and discussed #AML measures, his experiences, and how businesses can build a culture of #compliance. Read the full interview here: https://lnkd.in/dTi6PTxZ

Technology plays a central role in any effective, intelligence-driven AML programme. But not all AML solutions are made equal. Our CEO, Bradley Elliott, was recently featured in Lifestyle & Tech to cover the most critical checklist items an organisation needs to run effective AML. Finding an adaptable solution with up-to-date data sources is only the start! Read more from Brad about how your digital decisions can lay the foundations to tackle the hurdles of financial crime head-on. https://lnkd.in/gANdqTTp

The fight against financial crime demands cutting-edge technology. Discover how AI-native solutions are revolutionizing #AML compliance by enhancing real-time transaction monitoring, reducing false positives, and streamlining operations. Dive into our latest article to explore these innovative strategies and how they can fortify your defenses against financial crimes. 👉 Read the full article: https://bit.ly/3zkSoTb #AMLCompliance #TransactionMonitoring #FinancialCrimePrevention

Asia poses specific challenges for #AntiMoneyLaundering activities, which make the use of technology to enhance #KYC work especially important in the region. As I explain in this blog, Asian economies’ interdependence and diversity, and fragmented regulatory and financial systems, lend themselves to certain types of #FinancialCrime: particularly trade-based money laundering and the concealment of illicit activities through #ShellCompanies and other complex ownership structures. But these challenges are not insurmountable. They simply require #Compliance professionals to raise their game by adopting the latest technology. Have a look at my analysis of the vital role technology has to play in #AML and the fight against #FinancialCrime in the APAC region. https://lnkd.in/gSTDT-ug