The battle between SWIFT and XRP represents a clash between traditional and modern payment networks vying for dominance in cross-border transactions. SWIFT, a decades-old system used by over 11,000 financial institutions worldwide, relies on a network of correspondent banks to send secure payment messages. SWIFT is a messaging network that banks use to send payment […]
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As we navigate the early months of 2025, the European Union’s comprehensive anti-money laundering and countering the financing of terrorism (AML/CFT) reform package is entering a crucial phase. This article provides essential updates on the current state of these reforms and their imminent implications for financial institutions. The Anti-Money Laundering Authority (AMLA): Preparing for Launch AMLA, the […]
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In an increasingly complex world of financial crime, how confident are you that your business knows who’s really behind the companies you’re dealing with? Ultimate Beneficial Ownership (UBO) screening is more than just a regulatory requirement—it’s a vital tool in protecting your organization from financial crime. In fact, it could be the difference between staying […]
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Hiring the right talent is one of the most significant challenges any organization faces. A thorough, compliant, and efficient hiring process is essential for reducing risk, increasing job satisfaction, and minimizing turnover. However, conducting background checks in-house can be time-consuming, error-prone, and may not always ensure full compliance with legal requirements. A third-party screening solution […]
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