Stealth tax scandal in central bank digital currency (CBDC) design choice highlights the decision not to pay interest on citizen CBDC holdings.
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Compliance challenges coming with technological developments in metaverse is increasing with its rapid usage in daily lives.
The Wolfsberg Group, a group of 13 global banks that aims to develop frameworks and guidelines for the management of financial crime risks, particularly in relation to customer recognition, anti-money laundering and terrorism financing policies, published the Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime.
Bank for International Settlements (BIS) published a report on API standards for data-sharing (account aggregator). The report underlines the importance of APIs for the industry and encourages open banking.
Do you still struggle with AML Compliance? Sanction Scanner is here for you and your company to support AML Compliance with solutions strengthened by APIs.
Blockchain helps to strengteh know your customer (kyc) processes.
Know Your Transaction is a financial sector term that refers to the process of reviewing financial transactions for fake or suspicious activities like money laundering.
The online black market, also known as the cybercrime market, is a collection of cybercriminals that aim to earn a lot of illicit money by tricking unsuspecting web users.
Regtech contributes to reduce the hidden costs of financial crime, which disproportionately affects the most vulnerable sections of society.