Insights2021-05-05T16:01:51+03:00

Insights

Insights

Here are the latest trends and insights along with emerging technologies that are shaping the Finance Industry through the eyes of Fineksus team.

Here are the latest trends and insights along with emerging technologies that are shaping the Finance Industry through the eyes of Fineksus team.

How to Build an Effective Know Your Customer (KYC) Strategy

How to Build an Effective Know Your Customer (KYC) Strategy Why KYC is important Banks and other financial institutions are entitled to the responsibility to verify the identity of their customers and their genuinity. Therefore, operating an effective and successful Know Your Customer (KYC) process has the utmost importance in today’s financial [...]

By |December 1st, 2022|Categories: Blog|Tags: |

VI International Banking Forum

VI International Banking Forum Fineksus will be attending the 6th International Banking Forum as the Main sponsor in collaboration with Ritmus AZ in Azerbaijan. The 6th International Banking Summit in Baku Azerbaijan will host banking professionals around the region to cover “Reliable, Safe, and Sustainable Banking” with industry leaders. Fineksus will highlight key [...]

By |November 15th, 2022|Categories: Media|Tags: |

Unexplained Wealth Order (UWO)

Unexplained Wealth Order (UWO) The Criminal Finances Act includes additional provisions in the United Kingdom to combat asset recovery and money laundering. Unexplained Wealth Orders (UWOs) are an important component of the Act, serving as an investigative tool to assist law enforcement in acting on corrupt assets. Transparency International has been advocating for [...]

By |November 14th, 2022|Categories: Knowledge Base|Tags: |

Non-Fungible Tokens (NFTs) and Their Risks Related to Money Laundering Crimes

Non-Fungible Tokens (NFTs) and Their Risks Related to Money Laundering Crimes What are NFTs? NFT stands for “non-fungible token” which means that the NFTs cannot be exchanged with each other as they carry incomparable values. NFTs are stored on a distributed ledger technology (DLT) or more specifically on the Ethereum blockchain. The [...]

By |October 31st, 2022|Categories: Blog|Tags: |

Know Your Transaction (KYT)

Know Your Transaction (KYT) Know Your Transaction, or KYT is a term used in the financial industry to describe the process of examining financial transactions for fraudulent or suspicious activity, such as money laundering. As cryptocurrency adoption grows, institutions must be able to drill down into crypto transactions for evidence of financial crimes. [...]

By |October 29th, 2022|Categories: Knowledge Base|Tags: |

Whitepaper: Future Of Payments In The Middle East And North Africa (MENA)

Future Of Payments In The Middle East And North Africa (MENA) Explore the changes that are expected to happen in the payments industry in the MENA region even though the region by nature is fond of cash and there is an insufficiency in the digital payment infrastructures. Download the Whitepaper

By |October 28th, 2022|Categories: Whitepaper|

False Negative Result

False Negative Result Money laundering concerns are becoming more dangerous for financial institutions as financial crime grows. Regulators established an AML Compliance Program, and financial institutions must follow these standards to decrease this risk. They may face regulatory fines if they do not. The advancement of technology has brought technical means of money [...]

By |October 28th, 2022|Categories: Knowledge Base|Tags: |

Geographical Targeting Order (GTO)

Geographical Targeting Order (GTO) Geographic targeting orders (GTO) and FinCEN Consulting brought money laundering issues in the real estate business to light. They stressed the significance of providing SARs if a buyer or seller is suspected of money laundering. As a result, the processes were ensured to be integrated into existing AML / [...]

By |October 12th, 2022|Categories: Knowledge Base|Tags: |

What are the new UK sanctions on Russia?

What are the new UK sanctions on Russia? The British government announced further trade restrictions against Russia. According to the announcement, the new sanctions prohibit the export, supply, and delivery, as well as the making and transfer of inland printing goods and technology, marine goods and technology, chemical and biological weapons-related goods and [...]

By |October 10th, 2022|Categories: Knowledge Base|Tags: |

Gambling and Money Laundering

Gambling and Money Laundering Money laundering is the legal practice of stealing money gained illegally. Money laundering can be accomplished in a variety of ways. Throughout the year, financial institutions are subject to a variety of money laundering activities. Casinos are one of the businesses most vulnerable to money laundering. In essence, a [...]

By |October 7th, 2022|Categories: Knowledge Base|Tags: |
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