Insights
When the Dashboard Makes the Difference
No more excuses: compliance doesn’t need to slow down remittance services
Do you remember paying for things by paper check (that’s a ‘cheque’ if you’re reading this in the UK)? On the receiving end, remember the three-day wait, or more, while funds cleared? Thankfully those days are gone. On a personal
Beating financial crime requires agility and foresight
Forget keeping up with the criminals. The financial services industry needs to get ahead of them. But there’s an inherent challenge. Financial criminal behavior is by its nature active and creative. Meanwhile the established ways of countering fraud, money laundering
Is you Compliance Policy a priority?
And are your policy and compliance handbook still up to date?
There was low-key but significant move in Colombo, Sri Lanka, recently. Reported on 6 October in Sri Lanka’s online Daily News*, the country’s Securities and Exchange Commission (SEC) and
Problem gambling – nip it in the bud with digital
The growth of sports betting in the US, since 2018 and especially since the end of the pandemic, has accelerated exponentially. There are serious consequences for public health across the nation.
Sports betting is now lawful in 37 States plus
Streamlined early AML and Sanctions Checks are no longer a luxury
In the financial services sector, political and security constraints seem to grow ever more complex. At the same time, more and more business is conducted digitally. Fraud and unintended breaches of compliance are ever-present hazards. The interaction between these forces
Ban gambling or let the market run free?
For many, gambling is the harmless purchase of an occasional lottery ticket. And the majority of gamblers exercise good self-control, keeping even regular betting to a modest discretionary spend.
For others the picture is different. Those who are pre-disposed to
Legacy systems: tether or springboard?
Compliance costs money – something well understood in the financial services sector, including niche areas such as Gambling, and Travel Money and Remittance providers. But making compliance cost-effective can seem elusive.
As geopolitical tensions multiply, and as criminal activity expands
Sports Betting – state legislators get more than they bargained for
The post 2018 relaxation of sports betting laws in the US has growing consequences, especially since the end of the pandemic. Not all of them are good.
Sports betting is currently lawful and under way in 34 states plus DC,
Embracing the Complexity of Global Compliance
For financial institutions, compliance is not just a process. Like the sea, it’s continuously moving and changing, and it requires vigilance to stay in tune with the latest laws, regulations and lists. Understanding this is crucial, especially when multiple jurisdictions are involved. It’s necessary to...
EU tightens up on AML
On 13th December 2023, the European Union took a significant step forward in its fight against financial crime, especially anti-money laundering. Establishing the EU Anti-Money Laundering Authority (AMLA) is a testament to this commitment. The new body is designed to supervise and coordinate national authorities,...
Gambling – Safety and Security, and the Sum of Human Happiness
Any industry that moves a lot of money is bound to chase the holy grail of payment systems that are safe, secure and simple to use. Gambling fits the bill. It’s continuously evolving and, increasingly, looking for ways to transfer funds securely between casinos and...
Remittance Services – Vital but Vulnerable
A Hidden Need in the Remittance Market
The digital remittance market is growing – fast! A recent Yahoo Finance report* highlighted that this sector is predicted to continue growing rapidly over the next decade. Globally worth $22.1 billion in 2023, it is should be worth $44.4 billion by 2028. By 2032 it...
How to Spot Gambling Addiction Online
In the USA, online sports betting continues to expanded rapidly. It’s not just in professional leagues but in college sports too. Relaxation of state laws around online gambling and sports betting has led to a prolonged surge in this often compulsive form of entertainment. The...