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.

Anti-Money Laundering ACT 2020

Anti-Money Laundering ACT 2020 Anti-money laundering act covers a number of laws, regulations, and procedures to prevent criminals' illegal income and terrorist financing from being disguised as legitimate income. In the recent past, the national legislation on anti-money laundering and the financing of terrorism, aimed at preventing the introduction of revenues, which are [...]

By |September 6th, 2021|Categories: Knowledge Base|Tags: |

Cloud-based Anti-Money Laundering (AML) Compliance

Cloud-based Anti-Money Laundering (AML) Compliance The ways financial institutions employ to identify and prevent financial crime are evolving as well. Many organizations use AML cloud computing technologies to develop anti-money laundering solutions and for good reason. The ability to handle AML on the cloud provides businesses with a plenty of new tools in [...]

By |September 5th, 2021|Categories: Knowledge Base|Tags: |

FATF Blacklists and Greylists

FATF Blacklists and Greylists FATF blacklist consequences concern many countries. The Financial Action Task Force was established in 1989 to establish international standards in the fight against money laundering, financing of terrorism, and the financing of the proliferation of weapons of mass destruction, and to take legal and institutional measures in line with [...]

By |September 5th, 2021|Categories: Knowledge Base|Tags: |

Sanctions Regime in Turkey

Sanctions Regime in Turkey Money laundering is one of the most talked-about and on-agenda topics in Turkey, especially in recent years. With the globalization of the world economy, money laundering has become a serious problem that threatens not only Turkey but also all the countries aorund the world. The idea underlying the legal [...]

By |September 5th, 2021|Categories: Knowledge Base|Tags: |

SWIFT Customer Security Programme

SWIFT Customer Security Programme What is the Customer Security Program (CSP)? In 2016, the biggest robbery in the banking history was organized by cyber attackers by breaking into the system of the Bangladesh Central Bank. The total amount of transaction instructions was $951M and the Federal Reserve Bank of New York processed the $101M of that [...]

By |August 18th, 2021|Categories: Blog|

2nd MENA Regtech Executive Boardroom

2nd MENA Regtech Executive Boardroom 2nd MENA Regtech Executive Boardroom Event will be held virtually on 7-8 September 2021. Fineksus will be the Strategic Sponsor of this event and company’s delegate & Regional Sales Director; Mr. Serkan Arslan, CAMS; will provide the latest information on industrywide Regtech solutions with AI and Machine Learning Practices in Anti-Money [...]

By |August 11th, 2021|Categories: Media|Tags: |

Countering Terrorism Financing (CTF)

Countering Terrorism Financing (CTF) The practice of making illegal funds appear to have been earned legitimately is known as money laundering. According to the researches, laundered money from illicit financial activities is estimated between 2-4 billion USD annually, according to the IMF and World Bank. Injecting unlawfully obtained cash into the flow of [...]

By |August 5th, 2021|Categories: Knowledge Base|Tags: |

5 Things That Cryptocurrencies Should Know for Anti-Money Laundering Compliance

5 Things That Cryptocurrencies Should Know for Anti-Money Laundering ComplianceThe whitepaper of “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto which was published in October 2008 introduced a secure electronic payment system via which the users can transfer values to each other without a need to an intermediary party or a financial institution for [...]

By |July 30th, 2021|Categories: Blog|Tags: |

Payments Landscape and the Upcoming ISO 20022 Standard

Payments Landscape and the Upcoming ISO 20022 StandardCurrent Payment ChannelsHigh-value payments (RTGS)Together with the invention of the telegraph in the end of 19th century, wires have started to be used in the communication industry although they have not become mainstream until the beginning of the 20th century. With wires becoming widely used, the high-value payments [...]

By |June 30th, 2021|Categories: Blog|

SWIFT 2021 Standard Changes

SWIFT 2021 STANDARD CHANGES – STANDARDS RELEASE GUIDESWIFT 2021 Standards Changes has a comprehensive Release Guide this year due to postponement of changes in several categories caused by pandemic in 2020. Essential changes include six new message types in Guarantees section of Category 7, besides major updates on mutual message types for Letter of Credits [...]

By |June 14th, 2021|Categories: Blog|
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