financial crime
4 articles tagged "financial crime"
Mastercard Unveils TRACE to Tackle Financial Crime in Asia Pacific
Mastercard has introduced TRACE, a new anti-money laundering solution, in Asia Pacific. This AI-driven tool aims to enhance detection of financial crime, particularly in the rising landscape of Real-Time Payments.
Starling Bank Fined £29M by FCA for Financial Crime Lapses
The FCA has imposed a £28.96 million fine on Starling Bank for significant failings in its financial crime controls, particularly in sanctions screening. The bank's rapid growth outpaced its compliance capabilities, resulting in major lapses.
Finastra Introduces Compliance as a Service for Instant Payments
Finastra has unveiled its Compliance as a Service solution, designed to assist banks in managing financial crime risks associated with instant payments. This innovative service aims to enhance compliance efficiency and security.
Facctum Unveils Real-Time Payments Screening Tech for Enhanced Compliance
Facctum's new FacctShield technology aims to bolster financial crime compliance through real-time payment screening. Introduced during Money 20/20, it addresses evolving risks in the payments sector.