Finch Innovate

#InspireInclusion – Celebrating Women at Finch Innovate! We celebrated International Women's Day at Finch Innovate last week. At Finch, we believe that true innovation thrives in an inclusive environment. This International Women’s Day, we embrace our theme; #InspireInclusion by celebrating the remarkable women who drive change and shape the future of our industry. Together, we continue to build a workplace where every woman has the opportunity to lead, grow, and succeed. Happy International Women’s Day! #Internationalwomensday #WomenAtFinch #DiversityInTech

Ramadan Kareem from Finch Innovate! Wishing you a month of reflection, growth, and abundant blessings. #RamadanKareem #Ramadanwishes #FinchInnovate

Key Differences Between Sanctions Screening and PEP Screening in AML Compliance When it comes to AML compliance, it is crucial to understand the differences between Sanctions and PEP Screening. While both are closely related, they differ in functionality and play a vital role in managing risk and helping institutions to stay compliant. Sanctions screening is crosschecking persons, organizations, and entities against lists published by governments and international organizations containing sanctions against certain individuals or entities. Such lists typically include the names of individuals or companies involved in illegal activities such as terrorism, drug or human trafficking, and severe human rights violations. PEP screening is the process of identifying and assessing individuals with political exposure, along with their associates, by cross-referencing their information against global PEP databases and conducting risk assessments. Due to the stature held by these individuals, there is a higher chance that they could engage in bribery, corruption, or even other financial crimes. Both processes are essential for mitigating risks and ensuring compliance. Finch Innovate’s AI-powered AML name screening module enhances this process by providing advanced, automated screening capabilities for institutions to strengthen their AML compliance processes, prevent financial crimes, and maintain trust in the global financial system. Read the full article here: https://lnkd.in/dWMEaz5w #AMLCompliance #SanctionsScreening #PEPScreening #Fintech #RiskManagement #ComplianceSolutions #Regtech #FinchInnovate

Finch Innovate Wins RegTech of the Year Award! ???? We are proud to announce that Finch Innovate has been recognized as RegTech of the Year at FiNext Conference in Dubai! This award reflects our dedication to delivering innovative AML compliance solutions and the hard work of our incredible team. A big thank you to our team, clients, and partners for trusting us on this incredible journey. It is the only beginning, stay tuned for more achievements! #FinchInnovate #RegTechOfTheYear #AML #Compliance #Regtech #FiNextAwards #FiNextConference #UAEAML #AMLcompliance

What is the difference between an STR and an SAR? Suspicious Transaction Report (STR): Suspicion of money laundering, fraud or financing of terrorism in an activity in the form of flow of funds deposits, transfers to other accounts or withdrawals etc. Suspicious Activity Report (SAR): Suspicion that a client is involved in money laundering, fraud or financing of terrorism based on the actions of a customer, including information they have provided or refused to provide, for example during the customer onboarding process, and thereafter during KYC refreshers. What are the essential requirements of an STR / SAR? STRs/SARs must be complete and include all relevant information about the suspected crime including the background, the parties involved, the reasons for the report and the possible red flags related to the money laundering or financing of terrorism. At a minimum, STRs/SARs should include the following five key elements: who, what, where, when, and why. At Finch Innovate, we provide user-friendly solutions that help clients with complex AML/CFT compliance tasks, including filing STR/SAR. Our scalable solutions adapt to the evolving landscape of AML compliance, empowering businesses to stay compliant while safeguarding operations from financial crime risks. To explore our solutions, visit our website: https://finchinnovate.com/ #STR #SAR #goAMLreports #AMLcompliance #AMLUAE #FinchInnovate #Solutionprovider #AMLsolutions

Happy New Year!?? Here is to new goals, renewed energies, and countless wins in 2025. #Newyear2025 #happynewyear #2025 #FinchInnovate

Organized Financial Fraud Trends and Enablers: Insights from UAEFIU's Latest Report Fraud incidents are rising globally, fueled by advancements in technology and increasingly complex schemes. Criminals are exploiting modern financial systems, often collaborating with organized crime groups. Fraud in the UAE: Alarming Statistics Financial Losses (2021–2023): AED 1.2 billion. - Domestic Fund Recall Requests: AED 256M in 2021, rising to AED 340M in 2023. - International Repatriation Requests: AED 178M in 2021, increasing to AED 261M in 2023, with volumes tripling since 2021. Common Fraud Types - Phishing & Vishing - Business Email Compromise (BEC) - Investment Fraud Key Enablers: Money mules, social engineering, and fraudulent digital platforms. Recommendations: - Enhanced customer due diligence. - Improved coordination at national and international levels. - Addressing risks posed by emerging technologies. The FATF underscores the importance of: - Encouraging fraud victims to report incidents. - Strengthening Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs). - Fostering domestic and multilateral cooperation. Read the full report here: https://lnkd.in/dcxtj-8X At Finch Innovate, we stand with financial institutions and authorities in their fight against fraud and money laundering, striving to build a safer and more transparent financial ecosystem. #FraudPrevention #AML #FinchInnovate #UAEFIU #FRAML #Frauddetection #SAR #STR #Suspicioustransactionsreport #FinchInnovate ?

Wishing everyone a joyful Eid-al-Etihad! Let's celebrate the spirit of unity, progress, and innovation that makes the UAE a visionary leader in the world. #UAENationalDay #EidalEtihad #FinchInnovate

Introducing FinchSCAN: Essential AML Screening Solution We are thrilled to announce the launch of FinchSCAN – a streamlined, user-friendly AML screening platform designed to make AML compliance easy, efficient and accessible. At Finch Innovate, we know AML compliance can be complex and costly, especially for small and mid-sized businesses. FinchSCAN is here to make AML screening easy so that you can focus on your business. Key Features of FinchSCAN: - Individual and corporate name screening - Ongoing monitoring - goAML reporting - Multi-language screening FinchSCAN combines all these essential features on a SaaS-based platform, eliminating the need for costly hardware or complex implementations – the ideal choice for businesses seeking a focused, cost-effective AML solution. Register today and get 20 complimentary scans: https://finchscan.com/home “making AML compliance easier to manage” - Finch Innovate #FinchSCAN #AMLCompliance #Fintech #AMLscreening #namescreening #sanctionsscreening #PEPscreening #AMLCompliance #RegTech #goAML #ongoingmonitoring

AML screening made easy with FinchSCAN. For more updates - Stay Tuned! #amlscreening #amlscreeningplatform #amlsolution #amlcompliance #FATFregulations #namescreening