As financial institutions adapt to increasingly complex compliance landscapes, the intersection of artificial intelligence (AI), machine learning (ML), and data privacy has emerged as a critical ...
Most large financial institutions already operate some version of a hybrid architecture. Rules screen for known patterns and ...
AI is helping banks automate Sarbanes–Oxley Act controls, compliance monitoring and risk detection as regulatory demands ...
Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced that Caribbean-based PROVEN Bank is deploying Fenergo’s ...
NEW YORK--(BUSINESS WIRE)--Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, today announced a ...
Opinion
Business Daily Africa on MSNOpinion

KRA’s transaction monitoring must be fair

My attention was drawn by a recent article in the Business Daily indicating that the Tax Appeals Tribunal had backed the Kenya Revenue Authority (KRA) in taxing unexplained bank and mobile money ...
Crypto exchange Coinbase has agreed to settle with the Central Bank of Ireland and pay a hefty fine over failures in its anti-money laundering transaction monitoring systems. “Coinbase Europe Limited ...