Fraud prevention and AML/CFT applications amongst most frequently used regtech solutions says EBA
Fraud prevention and anti-money laundering and countering the financing of terrorism (AML/CFT) are amongst the five most frequently used regtech solutions in the EU banking sector according to a new report published by the European Banking Authority (EBA). Based on information obtained from surveys and…
New Wolfsberg Group statement on financial institutions demonstrating effectiveness of AML/CFT programmes
The Wolfsberg Group has published a statement setting out how financial institutions can assess risk in defined priority areas and demonstrate their anti-money laundering and counter financing of terrorism (AML/CFT) programme effectiveness. The Wolfsberg Group Statement on Demonstrating Effectiveness document builds on previous effectiveness statements…
FATF publishes report on new technologies for AML/CFT risk management
The Financial Action Task Force (FATF) has published a report on how new technologies can improve the speed, quality and efficiency of anti-money laundering and counter financing of terrorism (AML/CFT) efforts. The task force says technologies can help financial institutions and supervisors assess AML/CFT risks…
