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KYC

The Future of Cross-Border Payments: A Comparative Analysis of SWIFT and XRP

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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Anti-Money Laundering

EU AML/CFT Reform: What Financial Institutions Need to Know in Early 2025

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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Time is Running Out! Secure Your Spot in London at the NTT Data Sanctions Compliance Forum

Are you a compliance professional, risk leader, or executive striving to navigate the ever- evolving complexities of sanctions regulations? Mark your calendar for 27th February 2025 and join NTT DATA for an exclusive in-person event, in London, featuring some of the brightest minds in the sanctions compliance space. This is your opportunity to gain practical […]

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Cash App To Pay >$250 Million to Settle with State, Government Regulators Over Compliance Failures

In a landmark decision, the U.S. Consumer Financial Protection Bureau (CFPB) recently levied a major penalty against popular money-transfer application Cash App over lax security protocols. The popular peer-to-peer (P2P) payment app’s parent company Block came under fire last week after a regulatory investigation into the firm’s dealings found that the company was operated “irresponsibly” […]

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idlady

DOJ Blocks Access of China, Other Adversaries to U.S. Sensitive Personal Information

The crusade against cyber-crime remains a true transnational effort, with the leading defense organizations of some of the world’s most powerful countries continuing to collaborate on the most effective methods to limit new forms of cross-border crime in this technological age of finance. Over the last several years, one of the more widely analyzed areas […]

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Global Radar Corporate

Court Ruling Deems CTA ‘Unconstitutional’, Leaving Small Businesses Off the Hook – For Now

Millions of international corporate entities and their governing bodies were left unsettled over the last week as the final decision on a critical piece of new and highly-anticipated anti-money laundering (AML) legislation came to a head, with these latest developments testing the integrity of American judiciary process. The primary component of the much-heralded Corporate Transparency […]

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Global Radar fraud

International Cooperation Leads to Shutdown of Major Russian Money Laundering Network

Last week, the National Crime Agency (NCA) – the United Kingdom’s national law enforcement service acting against organized crime, human, drug and weapons trafficking, and malicious cyber activity – led an operation that disrupted and exposed a multi-billion dollar web of money laundering networks catering to Russian elites, organized criminals and international fraudsters. In a […]

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Adverse Media Screening Software

5 Reasons Your Business Needs Adverse Media Screening Software

Safeguarding your organization from potential risks is a top priority of every business. Adverse media, which includes news reports, public records, and regulatory agencies, can uncover hidden

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Adverse Media Screening Solutions

Detecting Hidden Risks: The Power of Adverse Media Screening Solutions

In an era where businesses face increasing regulatory scrutiny and reputational risks, the importance of robust risk management practices cannot be overstated. One critical component of effective

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Automated Screening Software

How Does Automated Screening Software Combat False Positives?

In financial crime compliance, particularly in the domain of sanctions screening, the challenge of false positives can be a significant hurdle for institutions. False positives occur when screening software incorrectly identifies a transaction or individual as matching a sanctions list, leading to unnecessary delays and manual reviews. To combat this issue, automated screening software employs […]

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