Ethical Payments Foundation

Did you know that advancements in technology are reshaping the fight against money laundering? With $3.1 trillion in illicit money moving through the global financial system in 2023, it's clear that criminals are becoming more sophisticated. But so are the tools at our disposal 🔍 For example, next-gen KYC and KYCC solutions are revolutionising how due diligence is conducted. But are they enough to close the compliance gap? Joel speaks through a few AML technologies that are shaping the landscape this year, have a listen 👉 #AML #AMLtrends #financecrime #bank 

Ever wondered how far we’ve really come in the fight against money laundering? 🧐 In 2020, AML penalties doubled compared to 2018, raising critical questions about where the gaps still lie. Jem Shaw takes a deep dive into these figures, offering insights on compliance challenges that remain unresolved. Click the link to explore the full story and share your thoughts with us below! 💬 🔗 https://lnkd.in/e-SRzK9H #AML #compliance #financialcrime #banknews

At EPF, we believe that real change begins with listening. That’s why we provide platforms for those most affected by financial isolation to share their stories with key stakeholders. Through dialogue, we can advocate for enhanced risk management tools, clearer regulatory guidelines, and stronger collaboration between banks, regulators, and affected regions. Together, we can turn these stories into solutions. https://lnkd.in/ddbMDkG8 #financialinclusion #financialisolation #fairbanking

As the world moves towards a seemingly cashless future, are we leaving behind the most vulnerable in our societies? With approximately 1.1 million unbanked people in Britain in 2023, the availability of cash is not just about convenience - it's about survival. This article by The Gaurdian reports how more than 6,000 UK bank branches have closed in nine years 😳 🔗 https://lnkd.in/dDDfDN6W

At the EPF, our mission is clear: to create a world where financial systems are inclusive, transparent, and accessible to all. We stand with those who have been unfairly marginalised by global financial systems, ensuring that their voices are heard and their stories are told. We’re not just about identifying the issues—we’re committed to being part of the solution. By amplifying the realities of financially isolated communities and providing critical resources, we aim to re-open global opportunities for those who need them most. Join us on our journey to foster a more inclusive global economy. Together, we can make a difference. https://lnkd.in/ddbMDkG8

Financial isolation doesn’t just close doors—it locks entire communities out of reaping the benefits of participating in the global economy. When essential payment channels are cut off, legitimate businesses and individuals are left with little to no legal choice when it comes to trading cross-border. Resulting in operating in more risky, informal networks. We’re addressing this issue head-on by bringing these stories to the light; advocating for solutions that reconnect isolated regions with the financial resources they need. Swipe to learn more about the hidden costs of financial isolation and what we’re doing to combat it. #financialinclusion #financialisolation #nonprofit

You’ll continuously see us saying how we are a mouthpiece for positive change but what does that mean? Put simply: We amplify the voices and act as a megaphone for those most affected. But if you asked us on a deeper level what we mean, we’d say:We create lasting change by informing key decision-makers about the need for sustainable solutions, rather than offering temporary fixes. Swipe through to learn more about what we do at EPF 👉

While digital payments are on the rise, the reality for 1.5 million people in Britain is starkly different. As banks close branches in low-income areas, the need for accessible cash is more crucial than ever. This article by Subas Das sheds light on the importance of cash in ensuring no one is left behind in the push for greater global financial inclusion. 👉 Read the full article to explore the impact of these changes and why cash still matters: https://lnkd.in/d9V_az43

We’re excited to announce that our new website is now live! 

 Explore our site to learn more about how we're addressing the effects of bank de-risking, empowering communities, and creating a more equitable global financial system.
 If you, or anyone you know would like to join us in making a difference, visit the contact page to collaborate 🙌 www.ethicalpayments.org

We're excited to unveil our rebrand! 🥳 Over the past few months, we’ve been working on updating our look and feel, website and articles. 

 As we continue to evolve, we're doubling down on our commitment to financial inclusion and transparency and we wanted our new look to better reflect our core mission - to amplify the voices of those affected by financial isolation. 
 With these changes, we’re better equipped to capture the attention we need to drive meaningful, impactful, sustainable financial change. #rebrand #ethicalpaymentsfoundation #financialisolation #financialinclusion