Using AI and Machine Learning in Transaction Monitoring The battle against financial crimes like money laundering has grown increasingly difficult in the digital era of today. The complexity and number of contemporary financial transactions often overwhelm conventional approaches of transaction monitoring. But the scene of transaction monitoring is fast changing as Artificial Intelligence [...]

Money Laundering Through Online Gambling As criminals use online gambling's anonymity and worldwide reach to wash filthy money, money laundering through these platforms raises increasing questions. Effective fight of this threat depends on operators and authorities knowing the hazards and common strategies. Money Laundering Risks in Online Gambling Online gambling sites' worldwide character [...]

How Regtech is Used in Anti Money Laundering (AML)? Companies' anti-money laundering (AML) compliance is being transformed by regulatory technology, sometimes referred to as RegTech. As financial crimes become more complex, conventional approaches of spotting and stopping money laundering are growingly insufficient. RegTech uses artificial intelligence (AI), machine learning, and data analytics among [...]

What is Payment Screening? It is the process of analyzing, verifying and checking incoming and outgoing transactions. This method reveals the risk of inaccuracies or criminal activity in any payment transaction. This allows financial institutions to act quickly in reporting an illegal transaction or processing any payment. Companies often follow this method comply [...]

What is Council for Financial Activities Control (COAF)? Financial activities play an important role in the global economy. It is important to ensure the integrity, transparency and regulatory compliance of these activities. In many countries, regulatory bodies have been established to supervise and monitor financial activities. These institutions often work to prevent illegal [...]