Banks adopt AI to manage sanctions and compliance risk
Financial Times: 30/01/2020
Technology . . . can help with efficiency and compliance costs and all firms will continuously review their infrastructure and processes,” says Neil Whiley, director of sanctions at UK Finance, a trade body.
Source: https://www.ft.com/content/98e82234-16a8-11ea-b869-0971bffac109?shareType=nongift
In our previous blog, we explored the growing threat of Trade-Based Money Laundering (TBML) and its impact on the integrity of global trade and financial systems. But awareness is only the first step. The real question now is: what can be done? As regulators,...
The evolution of trade finance has reached a critical inflection point. Despite the continued digitisation of banking and financial services, international trade transactions remain stubbornly paper-based and fragmented. At the core of this inertia lies a lack of...
Overview: Trade-Based Money Laundering (TBML) has become one of the most significant methods for criminals to launder illicit funds globally. As trade transactions become more complex and borderless, TBML is increasingly being used to disguise illicit financial...
As we move through 2025, global trade is entering one of its most unpredictable phases in recent memory. With major economies adopting protectionist measures, shipping and logistics markets realigning post-pandemic, and digitalisation efforts accelerating across the...
A new wave of protectionism? In early April 2025, the international trade landscape experienced a profound transformation. The United States, under President Donald Trump, unveiled a series of sweeping tariff measures that have sent shockwaves through global markets....