Fineksus is a SIBOS 2021 Partner

By |2021-09-17T16:25:16+03:00September 17th, 2021|

Fineksus is a SIBOS 2021 Partner Fineksus has become a SIBOS 2021 Partner to virtually share innovative ideas on October 11th-14th, 2021 covering the topics of future of transaction monitoring and screening supported by the AI-powered solutions as well as the journey of the seamless payments with a more secure and effective financial messaging [...]

2nd MENA Regtech Executive Boardroom

By |2021-08-31T16:23:10+03:00August 11th, 2021|

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 [...]

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

By |2021-07-30T14:36:28+03:00July 30th, 2021|

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 [...]

Customer Due Diligence Checklist — 4 Steps to Improve Your CDD

By |2021-05-31T10:03:37+03:00May 31st, 2021|

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 of a [...]

Financial Cyber Crime: How the System is Failing the Victims

By |2021-05-21T14:35:51+03:00May 21st, 2021|

Financial Cyber Crime: How the System is Failing the Victims Financial Cyber Crime Having the Widest Coverage Among All Industries Cyber threats and attacks may differ in their purpose, method and impact; however, the most common ones are malware, hacking, phishing, data extortion and distributed denial of service (DDoS). The attackers’ ultimate aim is to [...]

High Intensity Financial Crime Area (HIFCA)

By |2021-09-26T22:30:12+03:00May 7th, 2021|

High Intensity Financial Crime Area (HIFCA) High Intensity Financial Crime Areas (HIFCA) or High Risk Money Laundering and Related Financial Crime Areas are defined in the United States as the locations that specially pose a high risk of money laundering or financial crime. As the High Intensity Financial Crime Area (HIFCA) programs aim to support [...]

The Central Bank of Bahrain (CBB)

By |2021-09-26T22:21:59+03:00May 5th, 2021|

The Central Bank of Bahrain (CBB) The Central Bank of Bahrain (CBB) was published by the 2006 CBB and Financial Institutions Law on September 6, 2006 and serves as a public corporate entity. The main responsibilities of the CBB are ensuring the financial and monetary stability of the Kingdom of Bahrain.The predecessor of the Central [...]

2020 AML Fines and Penalties

By |2021-09-26T22:13:00+03:00May 3rd, 2021|

2020 AML Fines and Penalties 2020 AML fines and penalties generally includes policies, laws and regulations to prevent financial crimes. AML is a worldwide term for preventing money laundering. There are global and local regulators established in the world to prevent financial crimes, besides each country has a different 2020 AML fines and penalties. Organizations [...]

Kuwait Capital Markets Authority

By |2021-09-26T20:24:56+03:00May 1st, 2021|

Kuwait Capital Markets Authority Kuwait Capital Markets AuthorityThe CMA Act created a new independent organization, the Kuwait Capital Markets Authority, which provides a new regulatory framework for establishing CMAs, targets, bases of objectives and bridging the legal gap.The CMA Act is considered to be the most complex legislation enacted in recent Kuwait history. The rudimentary [...]

Know Your Customer (KYC) Best Practices – Corruption, Crime & Compliance

By |2021-04-30T11:40:54+03:00April 30th, 2021|

Know Your Customer (KYC) Best Practices - Corruption, Crime & Compliance Know Your Customer (KYC) is a compulsory process for the banks and other financial institutions when opening a new account or on regular basis used for identification and verification of customer’s identity. If a customer fails in meeting the minimum KYC requirements, banks and [...]

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