Are you a FinTech Start-Up? Know Which AML Regulations Apply to You

 

U.S. anti-money laundering regulations are extensive, filled with explicit and implicit requests, and require studying. However, the benefit of knowing them is fundamental: It will save you time, money, and maybe your business. 

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Topics: Anti-Money Laundering, Fraud Prevention, Transaction Monitoring, FinTech, RegTech, Sanctions Screening

Regulatory Compliance Agility With RegTech

Everything from innovation to transaction volume is rapidly increasing in the digital world. And as transaction volume goes so does fraud, money laundering and the cost of regulatory compliance.

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Topics: Anti-Money Laundering, Fraud Prevention, Transaction Monitoring, RegTech

Doing Business in New York? Three New Rules You Must Know

Last week, the New York Department of Financial Services (NYDFS) unveiled new risk-based regulations for all Financial Institutions (FI’s) with customers in New York. The first two rules are effective January 1, 2017, providing less than six months to build an effective risk based system, while the third requires its first submittal on April 15, 2018.

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Topics: Compliance, Transaction Monitoring, SAR Filing

Transaction Monitoring: Manual Processes Do Not Scale – Key Takeaways

As online transactions have skyrocketed, so have online fraud and money-laundering. The United Nations Office on Drugs and Crime (UNODC) estimates that criminal proceeds from fraud amounted to 3.6% of global GDP, or 1.6 trillion USD. In general, criminals look to:

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Topics: Transaction Monitoring

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