Banks need a new approach to detecting financial crime. This hands-on guide explores how AI can be deployed in transaction monitoring systems today, improving alert remediation and helping compliance teams better identify networks of illicit activity.
To remain compliant and avoid financial penalties, FinTechs must know and understand the parameters of their reporting responsibilities. This infographic provides a checklist of the reporting obligations FinTechs must meet under Australian AML/CFT legislation and regulation.
The AML/ATF ecosystem shapes FinTech’s regulatory responsibilities in Canada. This infographic spotlights five responsibility and opportunity areas for Canadian FinTechs, including registering with FINTRAC and submitting STRs.
Controlling risk is critical to the overall success of a financial institution. This infographic unpacks what an EWRA looks like and how Australian FinTechs can conduct them consistently across their business and over time.
Despite the war in Ukraine and the ongoing pandemic, the EU has other pressing policy issues on its collective mind in 2022, of which AML/CFT reform is amongst the most important.
As the remittance industry has developed, so have the methodologies that criminals use to exploit its systems and customers. This infographic provides a checklist of factors remittance firms should consider to help build a successful AML compliance program.
As financial crime typologies and regulatory technologies evolve, how should compliance teams in remittance firms build and scale their AML programs? This infographic highlights the core components of a RegTech ecosystem that remittance firms should consider to achieve long-term success.
Accessing banking services in the Philippines has been notoriously difficult for micro, small, and medium enterprises (MSMEs). Due to their limited acceptable collateral and inadequate financial statements and business plans, Filipino MSMEs have historically struggled with the traditional banking system, […]
Lumon has provided overseas payments and foreign exchange services to private individuals, small-to-medium enterprises (SMEs), and larger corporates for over two decades.
FRAML is an umbrella term for fraud and anti-money laundering. It reflects the growing focus on how the two are converging and the benefits of an integrated approach to detecting money laundering and fraud for fighting financial crime. Money laundering […]
The transition to digital assets is accelerating every day. As a result, there is a growing need for more banking services, such as payment cards, checking accounts, and wire transfers that connect traditional finance with digital asset finance. Coming from […]
As FinTechs grow and acquire more customers, their AML/CTF programs must also mature. The firms best set up for success are those with scalable solutions and a sound understanding of AUSTRAC’s expectations of the firms it regulates. This guide provides hands-on tips and best practices for any FinTech looking to scale in Australia.
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