22 07, 2024

Update: Russian Invasion of Ukraine – Sanctions

2024-07-22T14:11:44-04:00

Last Updated 7-22-24 July 2024 The United Kingdom designated 11 tankers and issued joint call to action in Russia’s “shadow fleet”. The United States designated Yuliya Vladimirovna Pankratova (Pankratova) and Denis Olegovich Degtyarenko (Degtyarenko), two members of the Russian hacktivist group Cyber Army of Russia Reborn (CARR) for their roles in cyber operations against U.S. critical infrastructure entities. Since 2022, CARR has conducted malicious cyber activities against Ukraine and governments that support Ukraine.  In late [...]

Update: Russian Invasion of Ukraine – Sanctions2024-07-22T14:11:44-04:00
13 06, 2024

Vital4’s Exciting Experience at Money 20/20 Europe in Amsterdam

2024-06-13T10:54:58-04:00

Our recent trip to the Money 20/20 Europe conference in Amsterdam was nothing short of exhilarating! The show was a resounding success, and we are thrilled to share our key takeaways from the event, particularly around the rapidly evolving payments landscape.  Key Takeaways on Payments  B2C Innovations Leading the Way: A significant highlight from the conference was the realization that major innovations in payments have predominantly occurred in the B2C space. From seamless digital wallets [...]

Vital4’s Exciting Experience at Money 20/20 Europe in Amsterdam2024-06-13T10:54:58-04:00
29 05, 2024

Marketplace Risk Management Conference Recap: San Francisco, May 14-16, 2024

2024-05-29T13:57:59-04:00

Our first-time experience at the 2024 Marketplace Risk Management Conference in San Francisco was an enriching blend of insightful sessions, hands-on workshops, and valuable networking opportunities. Here’s a recap of our three-day journey:  Day 1: Tuesday May 14th:  Welcome Reception: The welcome reception at Convene offered a relaxed environment to network with fellow attendees and speakers. The ambiance was vibrant, setting the stage for productive conversations and networking - and they served a great selection of [...]

Marketplace Risk Management Conference Recap: San Francisco, May 14-16, 20242024-05-29T13:57:59-04:00
8 05, 2024

Vital4 Named In the Inaugural FinCrimeTech50 List

2024-05-08T10:08:44-04:00

The inaugural FinCrimeTech50 has named the technology companies who are redefining the anti-financial crime industry in 2024.  Launched by specialist research company FinTech Global, the new list identifies the industry’s great innovators who are leading the fight against money laundering, fraud and financial crime in financial services, amidst a rising tide of challenges for compliance teams.  The current geopolitical and economic landscape has intensified this issue, particularly with the widespread adoption of artificial intelligence (AI) by [...]

Vital4 Named In the Inaugural FinCrimeTech50 List2024-05-08T10:08:44-04:00
23 04, 2024

ACAMS Hollywood 2024 Conference Recap: Unveiling Strategies to Combat Financial Crime

2024-04-23T09:11:21-04:00

The recent ACAMS conference in Hollywood, FL, served as a pivotal platform for stakeholders in the financial industry to converge and strategize on combating illicit finance, enhancing compliance measures, and addressing emerging threats. Here's a comprehensive recap of the key highlights and insights from the event:  Focus on Preventing Financing to Conflict Zones: Regulators and financial institutions (FIs) emphasized the importance of preventing funds and materials from reaching conflict zones, particularly in the context of [...]

ACAMS Hollywood 2024 Conference Recap: Unveiling Strategies to Combat Financial Crime2024-04-23T09:11:21-04:00
1 04, 2021

Optimize Your Global Watchlist and Sanctions Screening with AI-Powered Solution for Continuous Monitoring

2021-08-04T12:45:12-04:00

Best-practice compliance doesn’t stop after an initial screening. In fact, many global regulators require continuous monitoring to meet their standards for internal and third-party risk management. Governments and international organizations compile global watchlists to identify entities linked to crime, corruption, terrorism, money laundering, and other various forms of unethical behavior. Entities can include individuals, corporations, or even countries. Even if these entities aren’t actively committing a crime, they could be connected to suspicious activity. It’s crucial [...]

Optimize Your Global Watchlist and Sanctions Screening with AI-Powered Solution for Continuous Monitoring2021-08-04T12:45:12-04:00
5 01, 2021

Global Watchlist and Sanctions Screening – Mitigate Remediation Risk and Optimize Your Process

2021-08-04T12:42:40-04:00

What is a government watch list? Watchlists are databases that include lists of persons convicted of fraud, suspected of terrorism, or other types of corruption and criminal offenses. These can be local, national, or global. Global watchlist and sanctions databases include information from domestic and international databases that store data on people and organizations who are sanctioned, on a criminal list or prohibited in certain industries, such as finance or healthcare. International sanctions are political and [...]

Global Watchlist and Sanctions Screening – Mitigate Remediation Risk and Optimize Your Process2021-08-04T12:42:40-04:00
20 02, 2017

The top 10 things you need to know about International Background Screening

2021-08-04T13:43:53-04:00

1. It’s very different from domestic screening. In the US, the background screening is governed by the FCRA (Fair Credit Reporting Act), and any CRA (consumer reporting agency) performing background screening must be FCRA compliant. The FCRA does not pertain to screening outside of the US. 2. There are over 240 countries and territories outside of the US. It’s a big world out there. This means with over 240 countries and territories across the globe; every [...]

The top 10 things you need to know about International Background Screening2021-08-04T13:43:53-04:00
12 01, 2017

Risky Business: Why your organization shouldn’t overlook international background screening

2021-08-04T13:43:48-04:00

All organizations have a responsibility to their shareholders, customers, and associates to conduct compliant and risk-averse background checks on their potential contractors and employees without discrimination. Most US businesses that require criminal background screening prior to hire only run a criminal history search on an applicant within the US court systems. This tactic leads to the hire of employees with non-disclosed criminal history and makes the company liable for the employee’s actions while placing associates, clients [...]

Risky Business: Why your organization shouldn’t overlook international background screening2021-08-04T13:43:48-04:00

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