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Tag: Transaction Monitoring System

compliance management system

The Need to Move to a Proactive Compliance Management System

Most organisations view compliance procedures as a ‘necessary evil’, something that they do just to stay in business. Their approach is usually reactive, rather than proactive. Bigger organisations, ones that use a lot of data understand the importance of compliance audits and learn how to gain competitive advantage and mitigate

Compliance Management System

It is Time to Digitize Your Compliance Management System

In the current industry climate, the growing compliance costs are steadily becoming unsustainable. Companies that focus on the digital transformation of their compliance assessment features can realize its benefits almost instantaneously. With the advancements in modern technological approaches, it is important to let go of old traditional ways if they

Compliance Challenges

Compliance Challenges Witnessed During COVID-19

The corona virus pandemic has led to a general chaos in 2020 and has exposed companies to many unprecedented compliance challenges across every sector and industry. Keeping up with the digital way of working, trying to keep their employees and assets safe, and ensuring that access to capital remains uninterrupted,

Transaction Monitoring System

Transaction Monitoring System: What is it and What is its Importance

Transaction monitoring system is a vital part of anti-money laundering (AML) processes, especially with the rise of technological advancements and the resultant increase in cybercrimes. All banking institutions such as banks have some sort of transaction monitoring and AML systems in place to keep an eye on suspicious activities and

Transaction Monitoring System

The Need for Transaction Monitoring System in the UAE

As UAE is becoming one of the leading business and financial hub, it needs to keep up with the standards required for the effective implementation of regulatory, operational and legal measures necessary to combat the risks and threats that endanger its integrity. There is thus a need for enterprises in