The uphill battle against money laundering and financial crime in 2022 was marked by progress in some areas but offset by a mountain of new challenges. In fact, progress in AML programs appears to be “stuck,” according to the Basel AML Index which ranks money laundering and terrorist [...]
Compliance professionals have surely had a very stressful year in 2022 with the extra burden of transaction screening work, amid a 95% jump in sanctions list updates due to the Russia-Ukraine war. This regulatory pressure is not expected to fade away in 2023 with new sanctions packages being [...]
The Middle East, at a crossroads between Europe, Africa, and Asia, is playing an increasingly global role on the financial scene. Today, the United Arab Emirates (UAE) serves as a financial hub in the region, with commerce, banks, and fintech operating out of Abu Dhabi and Dubai. UAE fintech is [...]
Embrace network visualization tools for more effective AML compliance in an increasingly complex financial world By Dagan Osovlansky, ThetaRay Chief Product Officer Fintechs and banks are struggling today to operate effective and efficient anti-money laundering (AML) and combating [...]
The mounting challenge of trade for AML compliance Trade financing is a big business for banks, with letters of credit and an important revenue stream. For the developing world, global trade is key to economic growth. The global trade finance market, with an estimated value of $5.2 [...]
Nigerian fintech selects SONAR SaaS solution for AML and sanctions screening to create new revenue opportunities and boost customer service. ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced that ARCA, a premier African payment services provider, will [...]