On 1 January 2023, a new Chapter 4a collaboration is introduced in the Swedish AML Act. Here's what you need to know about the 4a collaboration as a credit institution.
Detecting complex trading patterns is crucial in identifying market manipulation and insider trading. This article explores modern market surveillance strategies and technologies to prevent financial crimes.
Detecting smurfing is a critical aspect of AML efforts, and financial institutions should take necessary steps to use advanced alert triggers to identify suspicious activities.
Politically Exposed Persons, or PEPs, are individuals who are or have been entrusted with central public functions, such as government officials, politicians, high-ranking military officers, and their immediate relations or close associates.
The European Union has developed a new AML package to further strengthen the combat against financial crime across the territory. One important element is the new Anti-Money Laundering Authority (AMLA). Here's what you need to know.
Trapets CEO Gabriella Bussien advises banks, large and small, on how to reduce the 98% false positive rate and keep customers loyal amid a growing pool of alternative banking options.
In this article, we outline four practical steps that all financial institutions can follow to establish robust anti-crime KPIs and improve their risk models.
Understanding and implementing the Know Your Customer (KYC) framework is more crucial than ever for financial institutions to effectively fight financial crimes and maintain regulatory compliance.
It is crucial for your business to review its anti-money laundering (AML) risk model to prevent financial crime. Let’s explore how reviewing your AML risk model can improve your AML operations.
