The National Treasury of South Africa has recently published the draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2024, in Government Gazette No. 51772 Notice 5683 for public comment on December 13, 2024. This legislative development aims to bolster South
As threats in cyberspace evolve, financial institutions face increasing pressure to enhance fraud prevention measures. The pressure doesn’t solely come from clients but also from a desire to prevent unnecessary losses. Data from the Association of Certified Fraud Examiners (ACFE) revealed that o
In today's digital age, financial institutions face the dual challenge of implementing robust security measures while maintaining a user-friendly experience. This delicate balance is crucial for enhancing fraud prevention strategies and ensuring customer satisfaction. Jennifer White, Senior
The regulation of automated decision-making (ADM) is a pressing issue as the UK House of Lords examines the Data (Use and Access) Bill. With ADM's increasing prevalence, legislative measures are crucial to protect individual rights. The bill proposes significant changes to how ADM is regulated
Hong Kong has been steadfast in its mission to combat money laundering and transnational organized crimes. This commitment was prominently highlighted at the recent International Forum on Combating Money Laundering and Transnational Organized Crimes, where experts underscored the significance of
The specter of financial crime looms large over the global economy, and institutions are in a constant race to thwart the sophisticated schemes that criminals devise. Standing at the vanguard of this battle are AMLYZE and Aura Cloud. Their strategic alliance heralds a significant leap forward in
