How to detect commonly used Trade Based Money Laundering (TBML) Techniques

By |2021-01-29T15:31:48+03:00January 29th, 2021|

How to detect commonly used Trade-Based Money Laundering (TBML) Techniques? What does Trade-based Money Laundering (TBML) mean? Trade-based Money Laundering (TBML) is defined as the use of trade activities and transactions to transfer illicit cash of big quantities into legitimized or -in some cases- less suspicious commodities in order to avoid financial transparency regulations. [...]

8 Compliance Trends That Shaped the Future of Financial Environment in 2020

By |2021-01-07T15:55:49+03:00December 30th, 2020|

8 Compliance Trends That Shaped the Future of Financial Environment in 2020 The financial compliance requirements are among most important fields in the financial ecosystem as it is seen as the main source in maintaining public trust in the banking system. Together with the technological developments and digitalization trends, the risks and the threats [...]

Compliance Challenges for Financial Institutions in the ‘New Normal’

By |2020-12-27T20:38:35+03:00August 31st, 2020|

Compliance Challenges for Financial Institutions in the ‘New Normal’ The ‘new normal’ in the financial framework The effects of COVID-19 in the financial world reflected themselves in the operational as well as the regulatory side. As the limitations in the on-location business and travel restrictions appeared in the face of the pandemic, it has [...]

Better Customer Experience and Compliance via Digital Onboarding

By |2020-12-27T20:40:21+03:00July 30th, 2020|

Better Customer Experience and Compliance via Digital Onboarding What is digital onboarding? Digital onboarding, also called as remote or online onboarding, is a process of acquiring new customers via digital tools so that they can access the services and products provided by the financial institutions in a more user-friendly, simpler and faster way. Since [...]

Compliance Challenges for FinTechs: An Effective and Affordable Solution

By |2020-12-27T20:41:05+03:00May 29th, 2020|

Compliance Challenges for FinTechs: An Effective and Affordable Solution  In quickly changing digital environment of the financial world, regulatory requirements are one of the most challenging factors that enforce banks to look for the new ways to meet compliance although they seem to be advantageous in terms of their established clientele, capital and expertise [...]

5 reasons that AI technology drives value for Compliance

By |2020-12-27T20:41:15+03:00May 15th, 2020|

5 reasons that AI technology drives value for Compliance Artificial intelligence is a system of technologies that aims to improve the way we identify different patterns, foresee upcoming happenings, design rules, make decisions and finally interact with others thanks to its adaptable prognostic ability and autonomous learning (to some degree). The reflection of these [...]

Why KYC matters in compliance?

By |2021-02-01T18:34:43+03:00March 16th, 2020|

Why KYC matters in compliance? What is KYC? It is one of the most important responsibilities of the banks to make sure that the identity of their customers is genuine, namely they are who they claim to be. So, KYC (Know Your Customer) is a compulsory process for the banks when opening a new [...]

Cybersecurity in the Financial Industry

By |2020-11-09T18:54:43+03:00February 14th, 2020|

Cybersecurity in the Financial Industry The concepts of trust and security rely on the heart of financial services but unfortunately, it gets more and more challenging every day to maintain confidentiality, to provide the necessary systems and services and to keep the data safe at the same time. This is because cybersecurity threats are [...]

Top 10 Compliance Challenges in 2020

By |2020-11-09T18:53:48+03:00January 31st, 2020|

Top 10 Compliance Challenges in 2020 As the financial world gets more and more regulated everyday, organizations are facing greater burden and stress to keep up with the pace of alterations and to comply with the evolving regulations. In 2020, the challenges of regulatory compliances will require a more technology and user-centered strategies since [...]

AML Hot Topics for 2020

By |2020-11-09T18:53:48+03:00December 24th, 2019|

AML Hot Topics for 2020 Throughout 2019, new regulations were brought into force to enhance the scope of the AML compliance. In this ever-changing and demanding regulatory atmosphere, financial institutions, which are expected to adapt themselves and their systems to the needs of the evolving and competitive financial ecosystem, spent billions of dollars to [...]

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