NICE Actimize Blog:
Fighting Financial Crime

The World of AML Risk

Global money laundering transactions account for roughly $1 trillion to $2 trillion annually, or some
2 percent to 5 percent of global GDP, according to a 2018 survey from PwC.

3 Take-Aways from SIFMA’s Reg BI Forum

As most wealth management firms know, by June 30, 2020 broker-dealers registered in the United States must comply with Regulation Best Interest.

How can AI-led automation transform financial crime operations?

When you look at your financial crime operations, does the following sound familiar?

PSD2 and Open Banking: What to Expect in 2020

It sometimes feels as if we’ve been talking about PSD2 forever, yet awareness of the Open Banking aspect remains limited, even within banking. It hasn’t helped that some markets, such as the UK, have undertaken their own Open Banking initiatives in addition and parallel to PSD2.

Looking Forward: Top 8 Fraud Trends for 2020

As we reach the end of the year, it’s a good time to review what happened in 2019 and turn our attention to the New Year.

The Changing UK Payments Infrastructure and Implications for Fraud

We often use the analogy of payments being a little like plumbing – it tends to be hidden away out of sight, and as long as water comes out of the tap, then we generally don’t think about the pipes themselves.

FINTRAC – Back on Track?

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) was established to assist in the detection and prevention of money laundering, but the past couple of years have been challenging for it to achieve its mandate.

6 Takeaways from ACAMS Las Vegas

A few weeks ago, I had the opportunity to attend another annual ACAMS AML & Financial Crime Conference in Las Vegas, Nevada. We all know conferences are a convenient way to spend time with customers and prospects, meet with partners, hear about the ever-evolving market challenges, and watch fellow AML professionals share case studies and lessons learned. But sometimes these conferences can be a whole lot of re-hashed stuff masked as “the new challenges you’ve yet to face, or best practices that you must adopt.”

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