Anti-money laundering tech firm expands to SADC - CAJ News Africa

Top 7 AML Software - Verified Market Research

In today’s rapidly evolving financial landscape, the threat of money laundering and other financial crimes has become more pronounced. As regulatory requirements tighten, businesses must adopt robust systems to combat these illicit activities. This is where AML software becomes essential. AML software provides organizations with the necessary tools to detect, prevent, and report suspicious activities. It automates the monitoring process, analyzi…

Could quantum computing change the face of AML?

The UK’s recently announced £121 million investment in quantum technology marks a timely and strategic move in the evolving fight against financial crime. The Napier AI / AML Index found that money laundering costs the global economy $5.2 trillion USD annually.

Yorkshire law firm fined £36K for anti-money laundering failures - VinciWorks

Huddersfield-based Holden Smith Law has been fined over £36,000 by the Solicitors Regulation Authority (SRA) for failing to meet anti-money laundering (AML) obligations. The penalty came following a thorough investigation that uncovered serious compliance failures over a five year period. What happened?The Solicitors Regulation Authority (SRA) investigated the firm’s AML practices and uncovered a consistent failure to carry out client and matter…

Anti-money laundering tech firm expands to SADC - CAJ News Africa

by MTHULISI SIBANDAJOHANNESBURG, (CAJ News) – THE provider of advanced anti-money laundering (AML) and compliance technologies, AML GO, has expanded into the Southern African region through some partnerships. It has announced a Group Reseller Partner in the Southern African Development Community (SADC), allowing it to expand its geographic footprint with tailored regulatory solutions for each country in the bloc. The Texas-headquartered company …