Due Diligence Money Laundering Technology Risk 
Fintech News
OCTOBER 8, 2024
The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.
PYMNTS
JUNE 17, 2020
According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. As many as 23 million occasions, in fact. Crime, At Scale.
Fintech News
JANUARY 24, 2024
The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.
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