2023-2024 Financial Crime and Compliance Report:
Sanction Scanner’s 2023 Annual Report examines the financial landscape, with a focus on fraud, AML, and CFT.
- Key highlights include a review of regulatory developments such as 6AMLD, FinCEN Final Rule, and Crypto Asset Market Regulations, which demonstrate their critical role in combating financial crime.
- The report stresses the use of automation, artificial intelligence, and regulatory technology to improve AML efficiency.
- It emphasizes the importance of increased regulatory awareness in the wake of the cryptocurrency boom, noting compliance issues in cases such as Tornado Cash and Bitzlato.
- The growing threat of cyber assaults and fraud necessitates a unified fraud management strategy focused on regulatory frameworks, teamwork, and agility.
Discover the complicated dynamics of 2023 with the Financial Crime and Compliance Report.