Global Radar, Author at AI- Powered Risk Management Platform

By Global Radar 16 June, 2025

Weekly Roundup: OFAC, DOJ Levy Major Penalties for Sanctions Shortcomings

As the global crusade on financial crime continues worldwide, several significant developments in anti-money laundering (AML) and counter terrorism financing (CFT) took place domestically last week, underscoring enforcement efforts taken by the U.S. government as part of its intensified focus on sanctions compliance and illicit financial activities, particularly involving foreign entities seeking to exploit vulnerabilities […]

By Global Radar 9 June, 2025

U.S. Treasury Intensifies Sanctions on Iran’s Shadow Banking Network

In a significant escalation of its already high-pressure campaign against Iran, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on June 6, 2025 announced the imposition of new sanctions on over 30 individuals and entities linked to a major Iranian shadow banking network. Concurrently, the U.S. Treasury Department’s Financial Crimes Enforcement […]

By Global Radar 4 June, 2025

What Are the Key Features of Advanced Risk Management Software?

Running a business is tough. Risks lurk everywhere. Fraud, compliance slip-ups, or data breaches can hit hard. That’s where advanced risk management software steps up. It’s like a smart shield for your company. Want to know what makes it tick? Let’s break down the key features that keep your business safe and thriving. Risks aren’t […]

By Global Radar 2 June, 2025

The Critical Role of Country Risk in AML Risk Management

Across the dynamic and ever-changing landscape of the global financial sector, combating money laundering and terrorist financing activity has become a cornerstone of regulatory compliance and a staple of ethical business practices between consumers and businesses alike. As financial institutions, regulatory bodies, and government agencies continue to collaborate to tackle what remains a pervasive issue […]

By Global Radar 2 June, 2025

How Financial Compliance Automation Software Reduces Regulatory Risk

Keeping up with financial regulations is hard. Rules change often. Businesses face many risks, from fines to reputational damage. Compliance is a big task. Manual processes can lead to mistakes. But there’s good news. Financial compliance automation software can help reduce these risks. What is Financial Compliance? Compliance means following the rules set by regulators. […]

By Global Radar 26 May, 2025

TD Bank Begins AML Overhaul, Commits $1 Billion to New Protocols

Toronto-based TD Bank Group recently announced its plans to invest over $1 billion collectively to bolster its anti-money-laundering (AML) controls over the next two years, this following the firm’s receipt of a record $3.1 billion penalty and additional restrictions placed on the firm’s U.S. asset growth last year by multiple domestic regulators. The U.S. Justice […]

By Global Radar 26 May, 2025

What is Adverse Media Screening Software?

Adverse media screening software tracks harmful news. It helps businesses find risky information quickly. The tool scans multiple sources. It looks for bad press, criminal records, and sanctions. Why is this important? Because dealing with high-risk people or companies can lead to big problems. It could mean financial penalties, damage to your reputation, or legal […]

By Global Radar 24 May, 2025

Why Do Startups & Small Banks Need Sanctions Screening Software Too?

Startups and small banks often face the same risks as larger financial institutions. They can become targets for financial crimes like money laundering, fraud, or terrorism financing. These risks are serious and can be costly. Many small banks think that sanctions screening is only for large institutions. But this is far from true. The need […]

By Global Radar 19 May, 2025

DOJ Unveils New Corporate Enforcement Strategy, Whistleblower Reward Program Targeting Tariff Evaders

Since the start of 2025, the U.S. Department of Justice (DOJ) has rolled out significant updates to its internal protocols aimed at streamlining the agency’s approach to the handling of corporate crime. This series of moves has aligned the department with greater efforts taken by the Trump Administration to curb white-collar criminal activity and terrorism […]

By Global Radar 13 May, 2025

Will AI-Based Fraud Detection Shape the Future of Regulatory Compliance?

In today’s evolving, largely digital economy, the exponential rise in online banking transactions has led to a near equal increase in cases of financial fraud. Today, bad actors have come to employ highly sophisticated methods in their own right to bypass the conventional modes of detection previously used by individual consumers and financial institutions alike […]

Author: Global Radar