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Regulatory technology, is a new technology that uses information technology to enhance regulatory processes. With its main application in the Financial sector, it is expanding into any regulated business with a particular appeal for the Consumer Goods Industry. Often regarded as a subcategory under FinTech, RegTech puts a particular emphasis on regulatory monitoring, reporting and compliance and is thus benefiting the finance industry.
In the realm of financial services and beyond, ‘Know Your Customer’ (KYC) has long been a foundational principle. Initially implemented as a means of combating money laundering, terrorist financing, a...
In the ever-evolving landscape of global trade, Artificial Intelligence (AI) models emerge as prescient fortune-tellers, predicting the unpredictable by identifying unusual trade patterns before they ...
Increasing geopolitical instability, regulatory developments, and technological advances are set to contribute to a rapidly changing anti-money laundering (AML) landscape in 2024. Here, we look at eac...
Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit f...