Insights

New insights into the past year’s results continue to emerge as the new year begins. Today’s headline of Financial News...

$50m Fine imposed on Coinbase for Compliance Failures DFS (New York State’s Department of Financial Services) opens 2023 with imposing...

…it could have avoided paying a £108M fine. Financial Conduct Authority (FCA) has fined Santander UK (the UK subsidiary of...

In 2022 hundreds of millions of dollars fines have been imposed on large organizations all over the globe, ranging from...

Entity Resolution is one of the key steps preceding and defining the quality and accuracy of data sharing. Entity Resolution...

BEST SOLUTION FOR DIGITAL TRANSFORMATION IN REGULATORY COMPLIANCE RegTech Insight Awards from A-Team Group is a highly esteemed annual competition...

AML compliance for E-Commerce: Automated Real Time Sanction Screening Required: compliance with AML regulations without compromising the online service level....

SANCTIONS – CHALLENGES – SOLUTIONS In only 5 days Putin achieved remarkable unprecedent results: He healed the world from COVID-19....

As the attempt of invasion of Ukraine by Russian military forces continues, the world is turning its financial back to...

Individuals and organizations rely on data for analysis, forecasting, decision making in a variety of fields, including scientific research, finances,...

The UK is taking AML regulations very seriously. More and more financial institutions and other entities (e.g. law firms, e-commerce...

Money-laundering has been a huge issue for quite a while now. There is nothing new about the fact that banks...

Now let us dive deeper and see how this “AI bias” (for elaboration on the term, please see Part I...

First of all, what is “algorithmic bias? In her article, “Reconciling legal and technical approaches to algorithmic bias”, Alice Xiang...

The FinCen regulations based on the Anti-Money Laundering Act (AMLA) of 2020 contain a number of updated AML obligations, requirements,...

The AML Act (AMLA) of 2020 stipulates that, along with implementing FinCEN’s organizational and operational AML/CFT regulations, financial institutions shall...

The NatWest bank, a major retail and commercial bank in the UK, pled guilty to three offences under UK anti-money...

Our world is a world of ever-evolving technologies and innovations. It is also a world in pursuit of social equality...

Business and tourism are booming in the UAE, making it one of the world’s largest business and tourism centers. Furthermore,...

You would think I would have a flood of CV’s coming at me, I wrote “High Paying” and honestly, I...

Identifying the relevant Entity name requires the ability to: Understand the Name in Multiple Languages. Example: Khaled Mashal in arabic:...

AML Name Screening mathematical equation: Z = (spelling variations x transliteration x name structures) x 170,000,000 data entries Sanction &...

Are Banks stocks rating at risk for missing ESG goals due to Social Discrimination & Bias in legacy AML solutions...

Find a Needle in a Haystack A major challenge in AML Name Screening is numerous name variations, that obscure the real entity; yet...

A major challenge in AML Name Screening is numerous name variations that obscure the real entity. Sorting out different spellings,...

New US congressional legislation passed last month instructed FinCen of the Treasury Department to warn and make sure that financial...

Screening of Names is a fundamental action that financial institutions & Fintech’s must perform as part of their AML compliance...

So, any unknown person Mr. X opens a bank account, and they pass the KYC process with flying colors, and...

U.S. Treasury’s FinCEN Issues $60 Million Penalty Against Operator of Bitcoin ‘Mixers’. The Wall Street Journal, Oct 19, 2020 For...