The Grey List and the Black List, created by the Financial Action Task Force (FATF), categorize countries based on their perceived risks and compliance with international standards in countering financial crimes. The FATF is an intergovernmental organization established to combat money laundering, [...]
Recent incidents of bank collapse, hefty fines, and sanctions against the crypto market have highlighted the gaps between the strictness of the regulatory environment in the US and common risk management standards. While the expectations are clear, banks and financial service providers are [...]
In the world of financial crimes, two terms stand out prominently – fraud and money laundering. Both illicit activities have far-reaching consequences on individuals, organizations, and even entire economies. Understanding the nuances between fraud and money laundering is crucial in [...]
Peter Reynolds, a Fintech Industry Veteran, who served as Thetaray’s Chief Revenue Officer (CRO), alongside Mark Gazit, for the past two years, will now lead the company for continued strong international expansion. Hod HaSharon, June 15, 2023 – ThetaRay, is a category leader, providing [...]
With governments and regulatory bodies worldwide cracking down, financial institutions have a responsibility to ensure that transactions are safe and secure from money laundering, a pervasive financial crime with severe consequences for local and global economies. Understanding the potential [...]
The Single Euro Payments Area (SEPA) initiative is helping facilitate the free flow of payments and reduce the complexity of cross-border payments within Europe. SEPA zone benefits are numerous, but these payments are also creating new challenges for financial institutions and payment service [...]