Cable - Automate BSA/AML Testing’s Post

Don't miss Jason Boova, BSA Officer as he joins Natasha Vernier and Sheetal Parikh to discuss the ever-evolving financial crime landscape on Cable's latest live webinar! If you haven't already, reserve your spot today. #DigitalBank #BusinessBanking #FinCrimeWebinar #FinancialSecurity ⬇⬇⬇

Tom Pirro, Global Head of Sales at Velocity, will be speaking at the Puerto Rico FINANCIAL SERVICES FORUM, where he’ll be talking about the best fincrime tools and sharing strategies on how AI can transform compliance for international banks.   Don’t just learn about AI – learn which tools can make a real difference in your operations. See you there at the event! #AlacerGroup #VelocityFinCrime #FinCrime #Compliance #ComplianceSolutions #AntiFinancialCrime #AntiMoneyLaundering #FinancialSecurity #2024Trends #AMLSoftware #Check #CheckFraud #PuertoRico #FinancialServicesForum #InternationalBanking

Couldn't agree more Moses Waithanji! As the banking and financial services evolve, financial crime threats and typologies undergoes and equal measure of evolution. My advise has always been to the effect that compliance functions must keep abreast with these dynamics to provide effective advisory and oversight in light of the ever-changing dynamics.

Tom Pirro, Global Head of Sales at Velocity, will be speaking at the Puerto Rico FINANCIAL SERVICES FORUM, where he’ll be talking about the best fincrime tools and sharing strategies on how AI can transform compliance for international banks. Don’t just learn about AI – learn which tools can make a real difference in your operations. See you there at the event! #AlacerGroup #VelocityFinCrime #FinCrime #Compliance #ComplianceSolutions #AntiFinancialCrime #AntiMoneyLaundering #FinancialSecurity #2024Trends #AMLSoftware #Check #CheckFraud #PuertoRico #FinancialServicesForum #InternationalBanking

Not so long ago, every financial institution in the Kenyan financial services space had to hurriedly create a framework around the Alternative Business Channels(ABC). Brick and mortar suddenly became old school. Regulators too came through with regulatory guidance. Data confirms that today, a higher proportion of all financial activities has now shifted to "ABC". Funny that it's still referred to as ABC while its no longer the alternative. Without a doubt, fincrime was not to be left behind. Fincrime keeps itself updated, and it follows the money😎. So, no matter what we do in this dynamic financial services space, the last should be to bury our heads in the sand and fail to guard our platforms. We continue to see more modern innovative ways to ensure financial inclusion, driven by technology. The good news is, we continue to experience on the other hand, matching technologies to fight the new and associated fincrimes. As a trusted advisor for your company, are you keeping tabs with the changes around your space? Are you advising accordingly? Or, well, are you comfortable playing catch up?

In 2023 alone, global enforcement action reached $6.6 billion, up 57% from 2022. With growing regulatory enforcement showing no signs of slowing down in 2024, Financial Institutions are now looking more into investing in technology, such as artificial intelligence and machine learning, to bolster their compliance efforts. Interesting read and a lot of change coming in 2024.

Join us for the final segment of our Tuning and Optimization series with our experts, Joshua Gubitz Gubitz and Jonathan McIsaac, CAMS! They dive into the world of sanctions and customer risk rating models, sharing insights on effectively tuning and optimizing for these crucial components. 💡 Learn how this process differs from transaction monitoring and gain valuable departing knowledge. Tune in now 🎧: https://hubs.li/Q02BBK9y0 #AMLRightSource #AMLConversations #TuningAndOptimization #Sanctions #RiskRating #FinTech | Rachel Dettmer |

The #FINRA 2024 Regulatory Oversight Report highlights financial crime, with a focus on emerging threats like manipulative trading and fraudulent ACATS transfers. Our latest blog post delves into the top three insights from the Report, offering strategies for firms to enhance their compliance controls and stay proactive. Discover how advanced decision intelligence technology is transforming the fight against financial crime: https://okt.to/t0W5VY #DecisionIntelligence #FinancialCrime #AML Andrea Walser

Attending the FINOS Open Source Finance Forum in New York next week? Encompass' own Dr. Henry Balani, Global Head of Industry & Regulatory Affairs, will be speaking on: 📌 "The Role of Corporate Digital Identity Standards to Address Financial Crime" Learn how digital identity standards are reshaping financial crime prevention strategies and enhancing transparency. Don’t miss this opportunity to hear from a thought leader at the forefront of regulatory innovation! #FinancialCrime #DigitalIdentity #RegTech #CorporateBanking

What’s to come in the compliance space during 2024? Stella Fau Clarke, Chief Strategy Officer, shared her thoughts “As we look ahead to next year, I imagine watchdogs will continue cracking down hard on reporting failures over the coming months, as they look to iron out financial crime and ultimately protect investors.” Curious to learn more? Check out our recent blog here: https://okt.to/3mr2tK #Compliance #FinancialCrime #Regulations #RegTech #FinTech #FinancialInstitutions #KYC #AML