AML-CFT compliance blog
Contents A major advance for payment security VoP, a creator of value... ... But a technical and organizational challenge Solutions for capitalizing on VoP regulations
While instant payments have revolutionized financial transactions, they have also become a prime target for fraud, particularly that targeting credit transfers, such as Authorised Push Payment Fraud (APP Fraud). Faced with the growing sophistication of scams, identity theft and other forged RIBs, the European Union is imposing a new line of defense: Verification of Payee (VoP). Some European countries have already...
We are proud to announce that AP Solutions IO has been featured in a Journal du Net article devoted to a strategic topic for financial institutions: explainable artificial intelligence and its key role in the fight against money laundering and the financing of terrorismAML-CFT.
At a time when regulators are stepping up their demands for transparency and traceability, explainable AI is emerging as an essential response. It doesn't just automate the detection of anomalies: it explains each decision, enabling compliance teams to prioritize risks, reduce false positives and reinforce...
Contents LEGAL PROFESSIONALS, PRIVILEGED TARGETS STRICT OBLIGATIONS HOW TO AVOID BECOMING AN INVOLUNTARY COMPLICANT HOW AP SOLUTIONS IO HELPS DETECT SUSPECTED OPERATIONS IN THIS SECTOR
Lawyers, notaries and other legal professionals don't just advise or defend their clients. They also play a strategic role in the fight against money laundering and the financing of terrorism. In fact, they wear two hats: on the one hand, their primary mission is to provide legal advice and support; on the other, they have a duty of vigilance to prevent legal financial circuits from being hijacked...
In today's demanding regulatory environment, LCB-FT compliance has become a daily challenge for every CGP. With this in mind, AP Solutions IO announces the integration of its compliance module into KarbonAlpha, the first "all-in-one" augmented wealth management platform.
The aim is to offer independent asset managers a strengthened e-KYC solution that is faster to execute, more reliable to audit, and sized to meet current and future regulations.
Why this partnership is good news for CGPs
CGPs have to cope with time-consuming KYC/LCB-FT procedures: document collection, manual checks, archiving, periodic controls, etc. The AP Solutions IO × KarbonAlpha integration simplifies these daily tasks by...