Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:
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The Financial Conduct Authority (FCA) in the UK has announced it joined forces with regulators across the globe to fight against illegal finfluencers.
FCA, financial crime, financial services, financial sanctions, regulation, scam, investment, money scam
Francisco Mainez from NICE Actimize, shares insights into the financial crime landscape and key challenges in Australia, South Africa, and Sweden.
money laundering, financial crime, fraud management, data sharing, financial sanctions, real time monitoring
‘I want it all, I want it now’, European consumers and businesses have spoken: they want payments that are instant, secure, user-friendly, and, ideally, free.
real-time payments, financial sanctions, fraud prevention, KYC, banks, payment processing, Confirmation of Payee
As compliance remains a top priority for financial institutions, Adam McLaughlin, AML Subject Matter Expert at NICE Actimize, provides key insights into sanctions screening challenges within real-time payments (RTP).
financial sanctions, regtech, real time payments fraud series, real-time payments, transaction monitoring, money laundering, artificial intelligence
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has enforced a USD 2.46 million administrative penalty on Exchange Bank of Canada for not falling in line with money laundering regulations.
money laundering, regulation, AML, financial crime, financial sanctions, financial institutions
A US appeals court has ruled that the US Treasury Department exceeded its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022.
financial sanctions, crypto, regulation, cryptocurrency
HSBC has stopped processing payments from Russia and Belarus for personal banking customers, following its exit from business banking in Russia.
banks, financial sanctions, financial services, online banking
Reports have surfaced that JPMorgan Chase and HSBC inadvertently processed payments for companies associated with Yevgeny Prigozhin, the former leader of the Wagner Group.
financial services, transactions , payments , financial sanctions
Digital banking startup Mercury has recently announced that it no longer serves US-domiciled customers with passports from certain countries, including Ukraine, Nigeria, and others.
startup, regulation, funding, crowdfunding, digital banking, fintech, AML, terrorism, risk management, partnership, financial sanctions, FATF, online banking, mobile banking
The Russian Central Bank has advised businesses to explore diverse payment solutions, including cryptocurrencies as a response to Western sanctions.
cryptocurrency, digital assets, financial sanctions, central bank
A recent ruling by a St. Petersburg arbitration court in Russia has mandated the seizure of assets, accounts, property, and shares owned by UniCredit, a major Italian bank, and its subsidiaries.
asset recovery, financial sanctions, lending, banks
Reuters reports that the European Central Bank (ECB) has decided to instruct Italy-based UniCredit to scale down its business activities with Russia.
compliance, regulation, financial sanctions, financial services
US and UK authorities have analysed cryptocurrency transactions exceeding USD 20 billion that flowed through a Russia-based virtual exchange.
cryptocurrency, financial sanctions, cryptocurrency exchange, transactions , compliance, regulation
The European Union has agreed on the 13th package of sanctions against the Russian Federation following two years of aggression in Ukraine.
financial sanctions, fraud prevention, regulation, compliance
The Financial Times has obtained documents that showcase Iran’s efforts to evade sanctions by using accounts at two of the UK’s largest banks.
banks, financial sanctions, regulation, compliance
Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.
penalty, money laundering, financial crime, financial sanctions, financial institutions
As the global payments threat landscape becomes increasingly complex, and technology advances at an unprecedented rate, regulatory initiatives follow. Maya Shabi, Senior Threat Detection and Product Strategist at EverC, discusses how this will impact payment providers.
online payments, payments , AML, regulation, financial institutions, financial sanctions, terrorism, cybercrime, funding, compliance
The government of Venezuela has ended the Petro (PTR) cryptocurrency, founded in 2018 to support the nation’s currency due to an overwhelming economic crisis.
cryptocurrency, cryptocurrency exchange, financial sanctions, digital assets
Andrew Davies, Global Head of Regulatory Affairs at ComplyAdvantage reveals the ABC of politically exposed persons (PEPs) and why this topic is relevant to FIs in 2024.
machine learning, artificial intelligence, financial sanctions, PEP, transaction monitoring, money laundering, risk management
Global payments network Neema has partnered with ThetaRay in order to optimise AML transaction monitoring and sanction screening with AI-powered technologies.
partnership, AML, transaction monitoring, financial sanctions, transaction laundering, artificial intelligence, fraud management, fraud prevention, fraud detection, online fraud