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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Payments Landscape and the Upcoming ISO 20022 Standard
Payments Landscape and the Upcoming ISO 20022 Standard Current Payment Channels High-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 [...]
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 [...]
Swift 2021 Standart Değişiklikleri – Webinar
SWIFT 2021 Standart Değişiklikleri üzerine gelişmeleri paylaştığımız Webinar kaydını videodan izleyebilirsiniz.
Customer Due Diligence Checklist — 4 Steps to Improve Your CDD
Customer Due Diligence Checklist — 4 Steps to Improve Your CDD Financial institutions are entitled with applying due diligence procedures on their customers to make sure that they are not involved in any activities related to financial crimes. A legitimate and strong Customer Due Diligence (CDD) program is essential to protect the reputation [...]
