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money laundering

Liveness Detection Possible Biometric Solution for Banks

With the proliferation of generative AI tools, criminals are now creating highly sophisticated synthetic imagery and launching digital injection attacks that have seen face swaps grow 295% and digital injections rise by 149% in the last year. Unlike presentation attacks, digital injections see...

Central Bank of Kenya Cracks Down on Flutterwave, Chipper

The Central Bank of Kenya (CBK) says that the fintech startup, Flutterwave, is not registered to operate in Kenya. CBK governor Patrick Njoroge said, according to Business Daily, that the company, as well as Chipper Cash, are not allowed to...

HSBC fights money laundering with new detection system

In an effort to improve financial crime detection, HSBC’s Global Trade and Receivables Finance has introduced an Anti-Money Laundering (AML) surveillance and an automated sanctions checking system that uses big data, advanced analytics and automated ‘contextual monitoring’ to detect...

SAS Regional Practice Lead in Fraud to speak at Anti-Money Laundering and Financial Crime 2018

“The perception that Africa is the ideal destination to launder money is slowly changing" said a popular speaker, William Lawrence William, Regional Practice Lead: Fraud and Financial Crimes at SAS is back on the programme after a year of “absence”...

Africa on a world class AML compliance

Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has traditionally lagged behind developed markets in terms of promulgating legislation to combat money laundering. And...
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KLM Utilizes AI to Tackle Food Waste Onboard Flights

KLM Royal Dutch Airlines has significantly reduced food waste on board aircraft by harnessing the power of artificial intelligence....
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