Sanctions Screening vs. PEP Screening: What is the Difference?
In the realm of AML (Anti-Money Laundering), compliance for sanctions screening and PEP (Politically Exposed Person) screening are critical steps in the operational procedure, intended to protect financial institutions and businesses...
Webinar on The AML Compliance Challenges for DNFBPs
Designated Non-Financial Businesses and Professions (DNFBPs) are recently regulated and struggle with understanding evolving AML compliance requirements, mitigating risks and finding a cost-effective AML compliance solution for their...
FATF’s February 2025 Plenary:
Key Updates for the DNFBPs
The financial action task force (FATF) has released new updates following its February 2025 Plenary, including changes to the grey list. Here is what designated non-financial businesses and professions (DNFBPs) need to know:
Added to the Grey List: The FATF has placed Lao People’s Democratic Republic...
Adverse Media Screening: A Critical Component of AML Compliance
With the increasing risk of financial crime and money laundering, businesses must be proactive in identifying potential threats associated with their customers or prospects. Thorough adverse media screening is an essential tool for detecting negative information for know your customer...
Key Benefits of FinchSCAN’s AML Screening Portal
FinchSCAN is a revolutionary AML screening platform, designed to simplify name screening and mitigate potential risks for businesses. As AML compliance becomes increasingly essential in today’s business landscapes, FinchSCAN helps your organization to swiftly detect potential threats and maintain regulatory compliance...
Why Transliteration in AML Name Screening is Crucial
Transliteration is the process of converting text from one writing system into another while preserving its pronunciation. Unlike translation, which conveys meaning, transliteration focuses on how a word or name sounds, ensuring it can be accurately represented across different languages...
What is AML Name Screening and why does it matter?
AML name screening is a crucial component of the anti-money laundering (AML) compliance and countering the financing of terrorism (CFT). It involves the process of checking the names of clients, customers, partners, investors and business owners against global sanctions lists,...
FinchSCAN – Innovative AML Screening Portal
In an era where financial crimes are becoming increasingly sophisticated, staying ahead of AML compliance requirements is more challenging than ever. With heightened regulations, designated non-financial businesses and professions (DNFBPs) are obligated to have a strong AML compliance framework in...