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.

    UK’s Sanctions Against Russia

    UK’s Sanctions Against Russia The UK government has imposed sanctions on 370 more Russian and Belarussian persons and organizations. Since the beginning of Russia's invasion of Ukraine, the UK has sanctioned over 1,000 of Russia's and Belarus' most prominent and valuable persons, businesses, and subsidiaries. According to the Foreign Office, Russian President Vladimir [...]

    By |April 1st, 2022|Categories: Knowledge Base|Tags: |

      Belarus Sanctions Regime in EU

      Belarus Sanctions Regime in EU Since October 2020, the EU has gradually tightened sanctions against Belarus. The sanctions were enacted in reaction to Belarus's rigged presidential elections in August 2020. The sanctions regime on Belarus presently designates 183 persons and 26 companies, including major officials in the political leadership and administration, high-level members [...]

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

        Emerging Technologies in AML-CFT Compliance

        Emerging Technologies in AML-CFT Compliance This whitepaper explores the potential of emerging technologies in the financial world for the purpose of enhancing Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) compliance efforts. Digital transformation and increasingly demanding regulatory requirements in the financial ecosystem caused an increment in the number and volume of [...]

        By |March 18th, 2022|Categories: Whitepaper|

          Russian Sanctions Regime in USA by OFAC

          Russian Sanctions Regime in USA by OFAC The Ukraine/Russia sanctions program implemented by the Office of Foreign Assets Control (OFAC) began on March 6, 2014, when the President of the USA declared a national emergency in Executive Order (EO) 13660 against the threat posed by the actions and policies of certain individuals, who [...]

          By |March 15th, 2022|Categories: Knowledge Base|Tags: |

            Economic Sanctions against Russia

            Economic Sanctions against Russia US economic sanctions against Russia: On 21st February 2022 Presidency of the USA declared and issued Executive Order(EO) for banning any financial transactions in relation with the Luhansk and Donetsk Regions. Following days, USA issued economic and financial restrictions and prohibitions towards Russia due to military attacks on Ukraine: [...]

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

              Benefits of Payment Pre-validation in Cross-border Transactions

              Benefits of Payment Pre-validation in Cross-border Transactions The financial messaging service provider, SWIFT, introduced a new financial service called Payment Pre-validation in July 2021 that improves cross-border real-time payment validation by minimizing frictions, verifying the information beforehand, and reducing the cost stemming from errors or misinformation. The real-time API-based system of Payment [...]

              By |February 28th, 2022|Categories: Blog|Tags: |

                5 Scandalous AML Anti-Money Laundering Fines in 2021

                5 Scandalous AML Anti-Money Laundering Fines in 2021 The United Nations estimated that the cost of global money laundering annually is between $800 billion - $2 trillion which makes up 2-5% of global GDP. Unfortunately, only 1% of the money laundered can be detected and acted upon by the authorities. In order to [...]

                By |December 31st, 2021|Categories: Blog|Tags: |
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