The recently announced advanced Anti-Money Laundering (AML) solution by AU10TIX, a prominent global technology company specializing in identity verification and management, is set to redefine risk management strategies in the fight against financial crimes. By integrating cutting-edge technology
February 13, 2025
Sri Lanka faces a challenging situation as it strives to avoid being placed on the Financial Action Task Force (FATF) grey list, a designation indicating a high risk of money laundering and terrorist financing activities. The urgency of the matter was underscored in a high-stakes meeting involving
February 13, 2025
The European Union (EU) has made a significant leap forward in its ongoing battle against financial crime with the announcement of the enhanced FIU.net system. This platform for financial crime intelligence-sharing has been a critical tool for Financial Intelligence Units (FIUs) across the EU since
February 7, 2025
Monaco, a small yet powerful financial hub, has been continually working to enhance its regulatory framework against money laundering and terrorism financing. A positive report published by the Council of Europe regarding Monaco's efforts has shone a spotlight on this remarkable progress.
January 31, 2025
Upbit, South Korea’s most prominent cryptocurrency exchange, is currently grappling with a significant regulatory challenge that may result in a six-month suspension due to alleged violations of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This issue, raised by South K
January 21, 2025
The rapid integration of financial products into non-financial platforms has transformed the way consumers interact with financial services. Embedded finance, a burgeoning trend, has led to significant innovations such as digital wallets and buy-now-pay-later schemes being seamlessly incorporated
January 15, 2025
