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.

    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: |

              ISO 20022 and SWIFT Customer Security Program

              Webinar: ISO 20022 and SWIFT Customer Security Program Watch Now Fineksus, in collaboration with SecureWay, will be hosting a webinar on ISO 20022 and SWIFT Customer Security Program, which will be held virtually on December 15th, 2021. Fineksus is a market leader of financial messaging in cross-border payments and AML [...]

              By |December 12th, 2021|Categories: Media|Tags: |

                Opportunities and Challenges of New Technologies for AML/CFT

                Opportunities and Challenges of New Technologies for AML/CFT The new and innovative methods, procedures and technologies are being developed constantly for the purpose of the successful, effective and up-to-date implementation of AML (Anti-Money Laundering) and CFT (Combatting the Financing of Terrorism) requirements. Recently, on November 26th, 2021 I was a panel speaker for [...]

                By |November 29th, 2021|Categories: Blog|Tags: |
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