SBWire

Anti-Money Laundering Compliance has moved to the top of the agenda for organizations globally today. Fighting illicit finance is a key priority for enterprises across Canada and information sharing and collaboration remains a key part of making this effective. The most recent ACAMS conference, which took place in October, had a lineup of more than 40 expert speakers on this subject and focused on targeting money laundering and financial crime. It featured a range of sessions designed to improve understanding of Anti-Money Laundering Compliance, as well as the tools available to any business to combat financial crime.

AML Compliance is a non-negotiable for the US Treasury today - and the rising number of enforcement actions being taken is a key indicator of this. It's not just traditional financial institutions that are held to high standards but all those operating in new markets like cryptocurrency too. This is illustrated by the most recent compliance settlements announced by the US Treasury, which relate to Bittrex, a virtual currency exchange. In October this year the Treasury announced that compliance settlements had been reached after enforcement actions by OFAC and FinCEN with the amount of the settlements coming in at $24 million and £29 million respectively.

The market for AML Solutions is booming all over the world, as organisations seek to obtain more control over exposure to financial crime. Regulators continue to increase the standards for compliance, as well as penalties for a lack of attention to risk, and this has created an environment in which it has become essential to have AML Solutions in place. In 2021 the global market for AML Solutions was valued at USD$1485.61 and by 2029 this is expected to expand significantly, ultimately being valued at around USD$3059.95. The range of tools available to help businesses combat money laundering is increasing all the time, with monitoring and detection of fraudulent activities being delivered in a range of different ways.

The Danish regulator, Spillemyndigheden, reported the mobile betting business Tipwin to the police earlier this year - and issued two injunctions back in June. According to the regulator, Tipwin had breached two sections of the Danish Money Laundering Act and was being penalised for failures in anti-money laundering compliance at its retail betting shops. The two sections of the legislation that the business had fallen foul of were Section 7, which deals with risk assessments, and Section 8 which is focused on the policies and practices in place for staff to help spot the signs of money laundering. Now, however, the second of these injunctions - relating to Section 8 - has been cancelled by the regulator because the staff who should have been responsible for processes and policies were outsourced.

Last month, the Financial Action Task Force (FATF), which is the global financial terrorist and money laundering watchdog, issued some new advice for EU states in terms of Anti-Money Laundering Compliance. FATF also acknowledged how much of an impact several events had made in terms of financial terrorism and money laundering, including the war in Ukraine and the pandemic. A rise in the level of money laundering in the wake of the pandemic and the conflict has meant that there are now many more risks for EU businesses to contend with. Other risk factors include the increase in the size of the gambling sector during the pandemic and the explosion in online gambling in recent years.

The fight against money laundering and terrorist financing is very much a global one. Collaboration is likely to hold the key to effectively combating exposure to financial crime, which is why it's so vital for EU-wide measures to be put in place. The Finnish government is one that has come out in support of a new EU-level supervisory system to help improve AML Monitoring in the fight against financial crime. It has specifically stated its support for the EU objectives to harmonise EU money laundering rules and develop specific legislation that will make it easier to implement AML Monitoring and measures that will stop the flow of illicit funds through the EU.

Goodwill Home Medical Equipment, a division of Goodwill of Southern NJ & Philadelphia, is a premier provider of refurbished and gently-used medical equipment. All of the products sold at Goodwill Home Medical are available at drastically-reduced pricing. This allows those that may be struggling to pay for new equipment the opportunity to have what they need at affordable prices.

Challenger banks face something of an uphill struggle today, especially when it comes to getting the right licences in place to reach target customers. Now, one challenger bank - Bank North - has been forced into winding down operations with immediate effect after it wasn't able to raise the funds to acquire a full banking licence. North Bank, which is based in Manchester, was seeking to become a fully regulated bank able to offer a broad spectrum of banking services in competition with more established high street banks. However, it seems that the neobank was not able to raise the finances to pay for the full banking licence within the set time frame and, as a result, is now winding down.

The Global Automotive Parts and Components Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

Global Business Insurance Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Business Insurance Market. Some of the key players profiled in the study are Aviva, Prudential, TIAA-CREF, MetLife, New York Life Insurance, Asahi Mutual Life Insurance, American Intl. Group, Zurich Financial Services, Assicurazioni Generali, Aegon, Allstate, Prudential Financial, Nippon Life Insurance, Meiji Life Insurance, Cardinal Health, Royal & Sun Alliance, Sumitomo Life Insurance, Dai-ichi Mutual Life Insurance, AXA, Swiss Reinsurance, Allianz, State Farm Insurance, China Life Insurance Company, CNP Assurances, Munich Re Group, Mitsui Mutual Life Insurance, Ping An Insurance, Aetna & China Pacific Insurance.

Rocket and Missile Market, Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Rocket and Missile Market. Some of the key players profiled in the study are Lockheed Martin Corporation, BAE Systems, Northrop Grumman Corporation, Raytheon Company, General Dynamics Corporation, Boeing, Thales Group, Leonardo, Rafael Advanced Defense Systems, MBDA Missiles System & China Aerospace Science and Technology Corporation.

The Global Demand Planning and Forecasting Software Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

DIY Furniture Market - Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the DIY Furniture Market. Some of the key players profiled in the study are HNI Corporation, Okamura, Ashley Furniture Industries, Steelcase, Herman Miller, Kokuyo, Williams-Sonoma, Godrej, IKEA, Creative Wood, Kinnarps, Wipro Furniture & Steelcase.

The Global Disability Insurance Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

Online Stock Trading Platform Market, Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Online Stock Trading Platform Market. Some of the key players profiled in the study are FMR LLC, Charles Schwab Corporation, Monex Group, Inc., IBG LLC, Lion Global Financial Limited, GAIN Global Markets Inc., AxiTrader Limited, LMAX Global, IG Group, CMC Markets, Saxo Bank, City Index, XXZW Investment Group SA, EToro & StoneX.

Website Builder Software Market - Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Website Builder Software Market. Some of the key players profiled in the study are Google, Adobe, Automattic, Wix, HubSpot, Squarespace Ireland, Square, Duda, GoDaddy Operating Company, Tilda Publishing, Elementor, Strikingly, Zoho, Jimdo & PageCloud.

Global Agricultural Insurance Market Status, Trends and COVID-19 Impact Report 2021 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Agricultural Insurance Market. Some of the key players profiled in the study are PICC, Zurich, Chubb, Sompo, QBE, China United Property Insurance, Agriculture Insurance Company of India, AXA, American Financial Group, Everest Re Group, Tokio Marine, Prudential, AIG, Farmers Mutual Hail, New India Assurance & SCOR.

The Global Agricultural Crop Insurance Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

The Global Mobile Phone Insurance Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

Online Poker Game Market, Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Online Poker Game Market. Some of the key players profiled in the study are 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker, Gazeus Games, Octro, Bwin, Microgaming, Betconstruct, GammaStack, Softgamings, SBTech, EveryMatrix, Scientific Games, Evolution Gaming, NetEnt, BetSoft, Tencent & Boyaa Interactive.

The Global Podcast Market to witnessed good recovery in growth post first half of 2022 and is projected coverup market sizing during the forecast period (2022-2028).

Advance Market Analytics published a new research publication on "AI in Food and Beverage Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the AI in Food and Beverage market was mainly driven by the increasing R&D spending across the world.

Advance Market Analytics published a new research publication on "Permanent Life Insurance Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Permanent Life Insurance market was mainly driven by the increasing R&D spending across the world.

The latest study released on the Global B2B Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The B2B Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

The latest study released on the Global Bridge Financing Services Market by AMA Research evaluates market size, trend, and forecast to 2027. The Bridge Financing Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.