Last month Standard Chartered bank agreed to pay a $1.1 billion for both Anti-Money Laundering and Sanctions violations. This blog is an overview of the bank’s failures in relation to both cross-border violations and what they mean for firms.
Payescape Managing Director, John Borland talks about his recent experience of applying to become an authorised payment institution (API) with the Financial Conduct Authority (FCA).
The cost of global transaction monitoring is expected to grow from $8.29 billion in 2019 to $16.79 billion by 2023. What are the drivers for this market surge? The sheer increase in the volume of financial transactions due to digitisation, the ever-growing sophistication of financial crime and the need to mitigate these advancements through regulatory compliance and advanced data analytics.